secwatch.observer — SEC 8-K summary
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Issuer:     GEOSPACE TECHNOLOGIES CORP (GEOS)
CIK:        0001001115
Form:       8-K
Filed at:   2022-02-02T23:59:59+00:00
Accession:  0001193125-22-025933
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001115/000119312522025933/0001193125-22-025933-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001115/000119312522025933/d88706d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-025933

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer