secwatch.observer — SEC 8-K summary
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Issuer:     GEOSPACE TECHNOLOGIES CORP (GEOS)
CIK:        0001001115
Form:       8-K
Filed at:   2022-05-12T23:59:59+00:00
Accession:  0001193125-22-148209
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001115/000119312522148209/0001193125-22-148209-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001115/000119312522148209/d319839d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-148209

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