secwatch.observer — SEC 8-K summary
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Issuer:     GEOSPACE TECHNOLOGIES CORP (GEOS)
CIK:        0001001115
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0000950170-23-002194
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Geospace Q1 revenue $31.1M (+73% YoY); net loss narrows to $0.1M from $6.8M
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- Revenue $31.1M, highest quarterly revenue since 2014; Oil & Gas segment up 109% to $20.1M.
- Net loss of $0.1M ($0.01 loss per diluted share) vs. $6.8M loss ($0.52 loss) year ago.
- Adjacent Markets segment revenue up 32% to $10.9M on higher smart water meter cable demand.
- Liquidity $20.8M; FY2023 capex budget $7.3M, including $6.0M for rental equipment.
- Post-quarter contract for Quantum subsidiary; plans to sell Houston facility to consolidate operations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001115/000095017023002194/0000950170-23-002194-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001115/000095017023002194/geos-20230208.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-002194

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