Geospace Technologies Corporation designs and manufactures instruments and equipment used in the oil and gas industry to acquire seismic data in order to locate, characterize, and monitor hydrocarbon producing reservoirs. The company operates through three segments: Oil and Gas Markets, Adjacent Markets, and Emerging Markets. The Oil and Gas Markets segment offers wireless seismic data acquisition systems, reservoir characterization products and services, and traditional seismic exploration products, such as geophones, hydrophones, leader wires, connectors, cables, marine streamer retrieval and steering devices, and various other seismic products. The Adjacent Markets segment provides industrial products, including imaging equipment, water meter products, and offshore cables, as well as seismic sensors for vibration monitoring and geotechnical applications, such as mine safety and earthquake detection applications; and electronic pre-press products that employ direct thermal imaging and digital inkjet printing technologies targeted at the commercial and industrial graphics, textile, and flexographic printing industries. The Emerging Markets segment designs and sells products used for border and perimeter security surveillance, cross-border tunneling detection, and other products targeted at movement monitoring, intrusion detection, and situational awareness. This segment serves customers that include various agencies of the United States government, including the Department of Defense, Department of Energy, Department of Homeland Security, and other agencies. The company operates in Asia, Canada, Europe, the United States, and internationally. Geospace Technologies Corporation was founded in 1980 and is headquartered in Houston, Texas.
IPO Year:
Exchange: NASDAQ
Website: geospace.com
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Geospace Technologies Corporation (NASDAQ:GEOS) ("the "Company") today announced results for its second quarter ended March 31, 2025. For the three-months ended March 31, 2025, Geospace reported revenue of $18.0 million, compared to revenue of $24.3 million for the comparable year-ago quarter. Net loss for the three-months ended March 31, 2025, was ($9.8) million, or $(0.77) per diluted share, compared to a net loss of ($4.3) million, or $(0.32) per diluted share, for the quarter ended March 31, 2024. For the six-months ended March 31, 2025, Geospace reported revenue of $55.2 million compared to revenue of $74.3 million for the comparable year-ago period. Net loss for the six-months ended
Geospace Technologies (NASDAQ:GEOS) today announced that it will release second quarter 2025 and six-month financial results on Thursday, May 8, 2025 after the market closes. In conjunction with the release, Geospace has scheduled a conference call for Friday, May 9, 2025 at 10:00 a.m. Eastern Time (9:00 a.m. Central). WHAT: Geospace Technologies Second Quarter 2025 and Six-Months Results Conference Call WHEN: Friday, May 9, 2025 at 10:00 a.m. Eastern Time (9:00 a.m. Central) HOW: Live via phone – U.S. participants can dial toll-free 800-274-8461. International participants can dial 203-518-9814. Please reference the Geospace Technologies conference ID: GEOSQ225 prior to the start of the
Geospace Technologies Corporation (NASDAQ:GEOS) announces the sale of Mariner™ ocean bottom wireless nodes to Caspian Engineering Company, a geologic-geophysical, engineering survey company operating in Kazakhstan. Based on current contract terms, the value of the agreement is estimated at $7.6 million. Delivery of the nodes is expected to occur during the Company's third fiscal quarter. "We are pleased that Caspian Energy has chosen to partner with Geospace by selecting the Mariner, our latest slim profile seabed data acquisition node, to meet their operational and seismic data quality needs," said Rich Kelley, President and CEO, Geospace Technologies. "Wireless ocean bottom nodes have g
Geospace Technologies Corporation (NASDAQ:GEOS) ("the "Company") today announced results for its first quarter ended December 31, 2024. For the three-months ended December 31, 2024, Geospace reported revenue of $37.2 million compared to revenue of $50.0 million for the comparable year-ago quarter. Net income for the three-months ended December 31, 2024, was $8.4 million, or $0.65 per diluted share, compared to $12.7 million, or $0.94 per diluted share, for the quarter ended December 31, 2024. Management's Comments Richard J. ("Rich") Kelley, President and CEO of Geospace Technologies said, "Our companywide focus on driving profitability through strategic decisions continues to yield pos
Geospace Technologies (NASDAQ:GEOS) today announced that it will release first quarter 2025 financial results on Wednesday, February 5, 2025 after the market closes. In conjunction with the release, Geospace has scheduled a conference call for Thursday, February 6, 2025 at 10:00 a.m. Eastern Time (9:00 a.m. Central). WHAT: Geospace Technologies First Quarter 2025 Results Conference Call WHEN: Thursday, February 6, 2025 at 10:00 a.m. Eastern Time (9:00 a.m. Central) HOW: Live via phone – U.S. participants can dial toll-free 800-274-8461. International participants can dial 203-518-9814. Please reference the Geospace Technologies conference ID: GEOSQ125 prior to the start of the confere
Company's Hydroconn Smart Water Connector Cable Reports Record Setting Year Geospace Technologies Corporation (NASDAQ:GEOS) ("the "Company") today announced a net loss of $6.6 million after fourth quarter non-cash charges of $17.3 million on revenue of $135.6 million, for its fiscal year ended September 30, 2024. This compares with net income of $12.2 million on revenue of $124.5 million for the comparable year-ago period. Excluding the non-cash charges, fiscal year 2024 adjusted net income is $10.7 million. This compares with adjusted net income of $12.2 million for the comparable year-ago period. For the fourth quarter ended September 30, 2024, the Company reported a net loss of $12.9
Geospace Technologies (NASDAQ:GEOS) today announced that it will release fourth quarter and fiscal year 2024 financial results on Thursday, November 21, 2024 after the market closes. In conjunction with the release, Geospace has scheduled a conference call for Friday, November 22, 2024 at 10:00 a.m. Eastern Time (9:00 a.m. Central). WHAT: Geospace Technologies Fourth Quarter and Fiscal Year 2024 Results Conference Call WHEN: Thursday, November 22, 2024 at 10:00 a.m. Eastern Time (9:00 a.m. Central) HOW: Live via phone – U.S. participants can dial toll-free 800-267-6316. International participants can dial 203-518-9783. Please reference the Geospace Technologies conference ID: GEOSQ424 pr
Geospace Technologies Corporation (NASDAQ:GEOS) (the "Company") announces today that beginning in the fiscal year 2025 it will operate under three new business segments: Smart Water, Energy Solutions and Intelligent Industrial. The business segment realignment and name changes take place in an effort to more accurately reflect the Company's on-going diversification efforts. The three new segments replace Oil and Gas Markets, Adjacent Markets and Emerging Markets, which were adopted in 2018 following several diversification-oriented acquisitions. Financial reporting on these new business segments will be represented in the first quarter of fiscal year 2025 reports. The Smart Water segment e
Geospace Technologies Corporation (NASDAQ:GEOS) today announced a 240-day rental contract with a worldwide leading geophysical solution provider who will rent OBX-750E, shallow water seabed wireless seismic data acquisition nodes. Based on current contract terms, the minimum value of the agreement is $11.9 million. The delivery of OBX nodes will occur in Geospace's fourth quarter of fiscal year 2024. "We are gratified to see the proven technology of the OBX-750E continuing to provide our seismic survey customers the ability to acquire high quality data for their clients," said Walter R. Wheeler, President and CEO, Geospace Technologies. "In today's competitive ocean bottom node market, co
Geospace Technologies Corporation (NASDAQ:GEOS) today announced the sale of OBX-750E seabed ocean bottom wireless seismic data acquisition nodes to SAExploration, an international marine geophysical services provider. Based on current contract terms, the value of the agreement is estimated at $10.5 million. SAExploration exercised an option in the Company's rental agreement to purchase the OBX-750E nodes under this contract. "We appreciate SAE's recognition of the long-term value provided through ownership of our robust shallow water ocean bottom nodes," said Walter R. Wheeler, President and CEO, Geospace Technologies. "By exercising the purchase option in an existing rental contract, SAE
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Geospace Technologies Corporation (NASDAQ:GEOS) today announced the addition of Stephen C. Jumper, former Chairman of the Board, President and CEO of seismic data acquisition provider Dawson Geophysical, to its Board of Directors effective December 21, 2023. In joining the board, Mr. Jumper will be able to offer contemporary insight from a broad seismic industry perspective, which is highly relevant to Geospace moving forward with an evolving energy transition and changing energy exploration landscape. The new director brings experience from the investment community, acquisitions and mergers and long-term growth strategy to the board. Further, he navigated through the changing landscape o
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Geospace Technologies Corporation (NASDAQ:GEOS) ("the "Company") today announced results for its second quarter ended March 31, 2025. For the three-months ended March 31, 2025, Geospace reported revenue of $18.0 million, compared to revenue of $24.3 million for the comparable year-ago quarter. Net loss for the three-months ended March 31, 2025, was ($9.8) million, or $(0.77) per diluted share, compared to a net loss of ($4.3) million, or $(0.32) per diluted share, for the quarter ended March 31, 2024. For the six-months ended March 31, 2025, Geospace reported revenue of $55.2 million compared to revenue of $74.3 million for the comparable year-ago period. Net loss for the six-months ended
Geospace Technologies (NASDAQ:GEOS) today announced that it will release second quarter 2025 and six-month financial results on Thursday, May 8, 2025 after the market closes. In conjunction with the release, Geospace has scheduled a conference call for Friday, May 9, 2025 at 10:00 a.m. Eastern Time (9:00 a.m. Central). WHAT: Geospace Technologies Second Quarter 2025 and Six-Months Results Conference Call WHEN: Friday, May 9, 2025 at 10:00 a.m. Eastern Time (9:00 a.m. Central) HOW: Live via phone – U.S. participants can dial toll-free 800-274-8461. International participants can dial 203-518-9814. Please reference the Geospace Technologies conference ID: GEOSQ225 prior to the start of the
Geospace Technologies Corporation (NASDAQ:GEOS) announces the sale of Mariner™ ocean bottom wireless nodes to Caspian Engineering Company, a geologic-geophysical, engineering survey company operating in Kazakhstan. Based on current contract terms, the value of the agreement is estimated at $7.6 million. Delivery of the nodes is expected to occur during the Company's third fiscal quarter. "We are pleased that Caspian Energy has chosen to partner with Geospace by selecting the Mariner, our latest slim profile seabed data acquisition node, to meet their operational and seismic data quality needs," said Rich Kelley, President and CEO, Geospace Technologies. "Wireless ocean bottom nodes have g
Geospace Technologies Corporation (NASDAQ:GEOS) ("the "Company") today announced results for its first quarter ended December 31, 2024. For the three-months ended December 31, 2024, Geospace reported revenue of $37.2 million compared to revenue of $50.0 million for the comparable year-ago quarter. Net income for the three-months ended December 31, 2024, was $8.4 million, or $0.65 per diluted share, compared to $12.7 million, or $0.94 per diluted share, for the quarter ended December 31, 2024. Management's Comments Richard J. ("Rich") Kelley, President and CEO of Geospace Technologies said, "Our companywide focus on driving profitability through strategic decisions continues to yield pos
Geospace Technologies (NASDAQ:GEOS) today announced that it will release first quarter 2025 financial results on Wednesday, February 5, 2025 after the market closes. In conjunction with the release, Geospace has scheduled a conference call for Thursday, February 6, 2025 at 10:00 a.m. Eastern Time (9:00 a.m. Central). WHAT: Geospace Technologies First Quarter 2025 Results Conference Call WHEN: Thursday, February 6, 2025 at 10:00 a.m. Eastern Time (9:00 a.m. Central) HOW: Live via phone – U.S. participants can dial toll-free 800-274-8461. International participants can dial 203-518-9814. Please reference the Geospace Technologies conference ID: GEOSQ125 prior to the start of the confere
Company's Hydroconn Smart Water Connector Cable Reports Record Setting Year Geospace Technologies Corporation (NASDAQ:GEOS) ("the "Company") today announced a net loss of $6.6 million after fourth quarter non-cash charges of $17.3 million on revenue of $135.6 million, for its fiscal year ended September 30, 2024. This compares with net income of $12.2 million on revenue of $124.5 million for the comparable year-ago period. Excluding the non-cash charges, fiscal year 2024 adjusted net income is $10.7 million. This compares with adjusted net income of $12.2 million for the comparable year-ago period. For the fourth quarter ended September 30, 2024, the Company reported a net loss of $12.9
Geospace Technologies (NASDAQ:GEOS) today announced that it will release fourth quarter and fiscal year 2024 financial results on Thursday, November 21, 2024 after the market closes. In conjunction with the release, Geospace has scheduled a conference call for Friday, November 22, 2024 at 10:00 a.m. Eastern Time (9:00 a.m. Central). WHAT: Geospace Technologies Fourth Quarter and Fiscal Year 2024 Results Conference Call WHEN: Thursday, November 22, 2024 at 10:00 a.m. Eastern Time (9:00 a.m. Central) HOW: Live via phone – U.S. participants can dial toll-free 800-267-6316. International participants can dial 203-518-9783. Please reference the Geospace Technologies conference ID: GEOSQ424 pr
Company Announces Leadership Transition Plan Geospace Technologies Corporation (NASDAQ:GEOS) (the "Company") today announced results for its third quarter ended June 30, 2024. For the three-months ended June 30, 2024, Geospace reported revenue of $25.9 million, compared to revenue of $32.7 million for the comparable year-ago quarter. Net loss for the three-months ended June 30, 2024 was $2.1 million, or ($0.16) per diluted share, compared to net income of $3.2 million, or $0.24 per diluted share, for the quarter ended June 30, 2023. For the nine-months ended June 30, 2024, Geospace reported revenue of $100.2 million compared to revenue of $95.2 million for the comparable year-ago period
Geospace Technologies (NASDAQ:GEOS) today announced that it will release third quarter of fiscal year 2024 financial results on Thursday, August 8, 2024 after the market closes. In conjunction with the release, Geospace has scheduled a conference call for Friday, August 9, 2024 at 10:00 a.m. Eastern Time (9:00 a.m. Central). WHAT: Geospace Technologies Third Quarter Fiscal Year 2024 Results Conference Call WHEN: Friday, August 9, 2024 at 10:00 a.m. Eastern Time (9:00 a.m. Central) HOW: Live via phone – U.S. participants can dial toll-free (800) 225-9448. International participants can dial (203) 518-9708. Please reference the Geospace Technologies conference ID: GEOSQ324 prior to the
Company Appoints Former Sercel President Richard Kelley as Chief Operating Officer Company Announces Stock Repurchase Program Geospace Technologies Corporation (NASDAQ:GEOS) (the "Company") today announced results for its second quarter ended March 31, 2024. For the three-months ended March 31, 2024, Geospace reported revenue of $24.3 million, compared to revenue of $31.4 million for the comparable year-ago quarter. Net loss for the three-months ended March 31, 2024 was $4.3 million, or ($0.32) per diluted share, compared to net income of $4.6 million, or $0.35 per diluted share, for the quarter ended March 31, 2023. For the six-months ended March 31, 2024, Geospace reported revenue o