GEOS
Geospace Technologies Corporation15.41
+1.03+7.16%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Petrobras ramp, GeoVox pipeline details
Q&A shed light on the Petrobras PRM contract's revenue ramp, starting Q3 FY2026 over three quarters with a ~$90 million total value skewed to goods, peaking in Q4 before tapering. GeoVox heartbeat deployments kicked off this quarter with hundreds of units planned for FY2026, targeting prisons short-term then borders (300+ U.S. points, 1,000+ potential) and secured sites; legacy base shows upgrade interest but lacks renewal specifics. Multiple other PRM talks ongoing, undisclosed. Rental fleet stays flattish amid rising RFQs sans orders. No Homeland bid award. Management stayed tight-lipped on numbers. Investors watch project execution. Pipeline eyes thousands.
Key Stats
Market Cap
197.57MP/E (TTM)
-Basic EPS (TTM)
-0.76Dividend Yield
0%Recent Filings
10-Q
Q1 FY2026 results
Geospace Technologies posted Q1 FY2026 revenue of $25.6M, down 31% y/y from $37.2M, as Energy Solutions dropped 40% y/y amid lower ocean bottom node rentals and no repeat of last year's $17M sale, while products gross margin cratered to 10.5% from 56%. Operating loss hit $10.2M versus $7.8M profit y/y, with net loss $(0.76)/diluted share on 12.8M shares; no anti-dilution flagged. Cash fell to $10.6M after $15.1M operating outflow, yet $25M revolver available with covenants met via interest coverage waiver to Feb 2027. August 2025 Geovox buy added Heartbeat Detector tech, contingent earn-out at $2.7M (max $3.3M over 4 years). Energy demand swings hard.
8-K
Annual meeting elects directors
Geospace Technologies held its annual stockholder meeting on February 5, 2026, electing Thomas L. Davis, Richard F. Miles, and Walter R. Wheeler as directors for three-year terms ending in 2029. Stockholders ratified RSM US LLP as auditors for fiscal 2026 and approved executive compensation on an advisory basis. Votes passed decisively. Governance stays steady.
8-K
Q1 revenue plunges to $25.6M
Geospace Technologies posted Q1 FY2026 revenue of $25.6M, down from $37.2M a year ago, swinging to a $9.8M net loss from $8.4M profit amid seasonal dips and lower Energy Solutions demand. Smart Water fell 21% to $5.8M on Hydroconn slowdowns; Energy dropped 40% to $14.6M without prior OBX sale. Cash stands at $10.6M; capex budgeted at $5M. Segments face uncertainty, yet diversification builds resilience.
10-K
FY2025 results
Geospace Technologies posted FY2025 revenue of $110.8M, down 18% y/y from $135.6M, as Energy Solutions plunged 35% to $50.7M—marked by a $17M ocean bottom node sale versus $30M prior year, plus 68% rental drop from low fleet utilization—yet Smart Water grew 10% to $35.8M on Hydroconn demand while Intelligent Industrial held steady at $24M. Q4 saw PRM contract award for 18-month revenue, signaling reservoir monitoring rebound, though overall operating loss hit $11.3M from fixed rental depreciation and price wars on land wireless gear. Cash sits at $26.3M debt-free, with $7M capex planned; buybacks wrapped a $7M program. Oil price swings threaten seismic demand.
8-K
Q4 revenue drops, Smart Water grows
Geospace Technologies posted Q4 revenue of $30.7M, down from $35.4M, with a $9.1M net loss; full-year revenue fell to $110.8M from $135.6M, net loss $9.7M. Smart Water grew 10% to $35.8M on Hydroconn demand, while Energy Solutions plunged 35% to $50.7M from low oil prices and weak node rentals. Diversification shines. Cash sits at $26.3M.
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