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.
Geospace Technologies CorporationQ3 earnings miss with revenue decline and net loss
