Geospace Q1 fiscal 2022 net loss $6.8M ($0.52/share) on revenue $18.0M, down 37% YoY

GEOSPACE TECHNOLOGIES CORP

2022-Q1 EPS reported -$0.52 revenue$17,991,000

Net loss $6.8M, diluted EPS ($0.52), vs net loss $1.1M ($0.08) in Q1 fiscal 2021.
Revenue $18.0M, down $10.5M due largely to prior-year $8M government border security contract.
Oil & Gas segment revenue $9.7M (-24%); Adjacent Markets $8.2M (+18%); Emerging Markets $0.1M.
Completed $7.5M stock buyback; cash and short-term investments $14.8M as of Dec 31, 2021.
Seeking new credit facility expected in Q2 fiscal 2022; no guidance provided.

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