Geospace Q2 revenue $24.7M, net loss narrows to $1.5M; Adjacent segment record $9.2M

GEOSPACE TECHNOLOGIES CORP

2022-Q2 EPS reported -$0.64 revenue$42,691,000

Revenue rose 3.3% YoY to $24.7M; net loss improved to $(0.11)/share from $(0.53)/share.
Adjacent Markets segment revenue hit $9.2M (up 21% YoY), a quarterly record.
Entered new $10M credit facility with Amerisource Funding and Woodforest Bank.
First significant sale of deep-water OBX nodes; CEO expects higher fleet utilization in H2 FY2022.

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