secwatch.observer — SEC 8-K summary
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Issuer:     GEOSPACE TECHNOLOGIES CORP (GEOS)
CIK:        0001001115
Form:       8-K
Filed at:   2021-11-19T23:59:59+00:00
Accession:  0001193125-21-334831
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001115/000119312521334831/0001193125-21-334831-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001115/000119312521334831/d239903d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-334831

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