Geospace Technologies Corporation

Geospace Technologies Corporation designs and manufactures instruments and equipment used in the oil and gas industry to acquire seismic data for locating, characterizing, and monitoring hydrocarbon-producing reservoirs. It operates through three segments: Smart Water, Energy Solutions, and Intelligent Industrial. The Energy Solutions segment provides 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 other seismic products. The Smart Water segment engages in the water management industry and includes Hydroconn smart water connectivity offerings and Aquana products. The Intelligent Industrial segment designs and sells products for border and perimeter security surveillance, cross-border tunneling detection, movement monitoring, intrusion detection, and situational awareness; seismic sensor products for vibration monitoring in geotechnical applications such as mine safety and earthquake detection; seismic products for border and perimeter security markets; imaging products; and contract manufacturing services. This segment serves various agencies of the United States government, including the Department of Defense, Department of Energy, Department of Homeland Security, and other agencies, as well as energy companies. The company operates in Asia, Canada, Europe, Mexico, South America, the United States, and internationally. Geospace Technologies Corporation was founded in 1980 and is headquartered in Houston, Texas.

GEOS▼

Geospace Stock Plunges 23.4% After Q3 Earnings Miss

Shares of Geospace Technologies Corporation have lost 23.4% since the company reported its third-quarter fiscal 2026 earnings, compared with a 0.3% gain for the S&P 500 Index. Revenue fell 36.4% to $15.8 million from $24.8 million a year earlier, and the company posted a net loss of $9.7 million, or 75 cents per diluted share, versus a net income of $0.8 million, or 6 cents per diluted share, in the prior-year quarter. Smart Water revenues dropped 56.1% to $4.6 million, Energy Solutions revenues decreased 27.8% to $5.9 million, and Intelligent Industrial revenues declined 14.5% to $5.2 million. CEO Rich Kelley cited challenging conditions across all businesses, while management highlighted a $10.8 million U.S. Navy contract for Quantum Technology Sciences and an ongoing cost-reduction plan expected to cut the global workforce by approximately 20% and generate roughly $10 million in annualized cash savings.

GEOS ▼

Zacks Investment Research·38dRead more →

GEOS▼

Geospace Technologies reports Q3 GAAP EPS of -$0.75 on revenue of $15.8M

Geospace Technologies reported a third-quarter GAAP loss of $0.75 per share on revenue of $15.8 million, a 36.3% decline from the same period last year. The company issued the results in a press release. Shares fell 7.21% following the announcement.

GEOS ▼

Seeking Alpha·43dRead more →