secwatch.observer — SEC 8-K summary
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Issuer:     GEOSPACE TECHNOLOGIES CORP (GEOS)
CIK:        0001001115
Form:       8-K
Filed at:   2021-08-06T23:59:59+00:00
Accession:  0001193125-21-238870
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001115/000119312521238870/0001193125-21-238870-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001115/000119312521238870/d208497d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-238870

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