secwatch.observer — SEC 8-K summary
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Issuer:     GEOSPACE TECHNOLOGIES CORP (GEOS)
CIK:        0001001115
Form:       8-K
Filed at:   2022-08-10T23:59:59+00:00
Accession:  0001193125-22-217022
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Geospace Q3 net loss widens to $6.6M; Adjacent Markets segment revenue record $10.9M
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- Q3 revenue $20.7M, down from $23.1M YoY; net loss $6.6M ($0.51 EPS) vs loss $0.8M ($0.06).
- Adjacent Markets revenue $10.9M (+16.7% YoY), a quarterly record; contributed 52.9% of total revenue.
- Oil & Gas segment revenue $9.5M, down 24.8% YoY; OBX rental contracts signed in FY2022 exceed $24M vs $8.2M in FY2021.
- Cash and equivalents $9.1M; $8.5M available under credit facility.
- Nine-month revenue $63.4M, net loss $14.8M ($1.14 loss per share).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001115/000119312522217022/0001193125-22-217022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001115/000119312522217022/d309861d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-217022

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