Geospace Q3 net loss narrows to $0.8M; Adjacent Markets revenue jumps 84% YoY

GEOSPACE TECHNOLOGIES CORP

2021-Q3 EPS reported -$0.67 revenue$75,435,000

Net loss of $0.8M ($0.06 per share) on revenue of $23.1M vs loss of $2.3M ($0.17) on $22.7M in Q3 2020.
Oil & Gas segment revenue fell 27.8% to $12.6M due to reduced OBX rentals and marine product demand.
Adjacent Markets revenue surged 83.6% to $9.4M on smart water meter cable sales and contract manufacturing.
Emerging Markets revenue $1.1M (vs $88k) from DHS Border Patrol contract; nine-month total $10.0M.
Cash and short-term investments $30.0M; total liquidity $47.7M; $4.7M of $5.0M stock buyback completed.

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