Geospace Tech FY2021 revenue $94.9M (+8% YoY); net loss narrows to $14.1M

GEOSPACE TECHNOLOGIES CORP

2021-FY EPS reported -$1.05 revenue$94,864,000

FY2021 revenue $94.9M vs $87.8M prior year; net loss $14.1M ($1.05 EPS) vs $19.2M ($1.42 EPS).
Q4 revenue $19.4M; net loss $5.0M ($0.39 EPS) compared to $21.5M and $3.9M loss in Q4 2020.
Adjacent Markets segment revenue $32.4M (+27% YoY); Emerging Markets segment $10.2M (from $0.7M) on Border Patrol contract.
Oil & Gas Markets segment revenue $52.3M (-15% YoY); received request for large-scale PRM seabed system from major oil company.
Company completed $6.8M in share buybacks under $7.5M program; ended FY with $23.6M cash; terminated Frost Bank credit facility.

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