Geospace Technologies CORP 10-Q quarterly reports

Geospace Technologies Corporation announced its Q3 2026 results, revealing a significant decrease in revenue and a substantial net loss, impacted by lower demand across key segments.

Geospace Technologies reports a net loss of $11.0 million for the second quarter of fiscal 2026 amid a strategic workforce reduction and restructuring.

Geospace Technologies reports a significant net loss and revenue decline in Q1 2026, driven by lower Energy Solutions sales, despite a credit covenant waiver.

Geospace Technologies reports a net income for Q3 FY25 driven by a property sale gain, despite overall revenue decline and a short-term credit facility extension.

Geospace Technologies' Q2 2025 revenue decreased by 25.7% year-over-year, primarily due to lower rental revenue in the Energy Solutions segment, despite growth in the Smart Water segment.

Geospace Technologies' Q1 2025 revenue decreased due to lower Energy Solutions revenue, partially offset by growth in the Smart Water segment.

Geospace Technologies experienced a decrease in revenue and gross profit in the third quarter of 2024, primarily due to lower rental revenue, despite a large product sale earlier in the fiscal year.

Geospace Technologies experienced a decrease in revenue and gross profit in the second quarter of 2024, primarily due to lower utilization of its OBX rental fleet, despite a significant product sale earlier in the fiscal year.

Geospace Technologies saw a significant increase in revenue and profit in the first quarter of fiscal year 2024, primarily due to a large sale of its Mariner ocean bottom nodes.