---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-288410"
form_type: "8-K"
ticker: "GEOS"
cik: "0001001115"
company_name: "GEOSPACE TECHNOLOGIES CORP"
filed_at: "2022-11-18T23:59:59+00:00"
generated_at: "2026-06-21T15:33:35.356979+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Geospace reports $22.9M FY2022 loss; Q4 revenue up 33% but full-year revenue down 6%

## Summary
- Full-year revenue $89.3M, net loss $22.9M ($1.76/sh) vs. prior year $94.9M revenue, $14.1M loss ($1.05/sh).
- Q4 revenue $25.9M (+33% YoY), net loss $8.0M ($0.62/sh) vs. Q4 2021 loss $5.0M ($0.39/sh).
- Records $4.3M goodwill impairment in Emerging Markets and $5.0M non-cash benefit from contingent consideration.
- Adjacent Markets segment revenue $39.2M (+21% YoY) record; Oil & Gas segment $49.1M (down 6%).
- Cost-saving plan with workforce reductions expected to save >$2M/year; FY2023 capex guided at $7.3M.

## SEC filing metadata
- accession: 0001193125-22-288410
- form_type: 8-K
- ticker: GEOS
- cik: 0001001115
- company_name: GEOSPACE TECHNOLOGIES CORP
- filed_at: 2022-11-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001115/000119312522288410/0001193125-22-288410-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001115/000119312522288410/d388795d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-288410
- JSON: https://secwatch.observer/filing/0001193125-22-288410.json
- Plain text: https://secwatch.observer/filing/0001193125-22-288410.txt

## Key facts
- Earnings Releases
  GEOSPACE TECHNOLOGIES CORP reported fourth quarter ended September 30, 2022 results: revenue $25.9 million, net income net loss of $8.0 million, or ($0.62) per diluted share, EPS ($0.62) per diluted share.
  - Period: fourth quarter ended September 30, 2022
  - Revenue: $25.9 million
  - Net income: net loss of $8.0 million, or ($0.62) per diluted share
  - EPS: ($0.62) per diluted share
  - Result: reported results
  source text: For the fourth quarter ended September 30, 2022, Geospace Technologies (the “Company”) reported revenue of $25.9 million and a net loss of $8.0 million, or ($0.62) per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001115/000119312522288410/0001193125-22-288410-index.htm
- Earnings Releases
  GEOSPACE TECHNOLOGIES CORP reported fiscal year ended September 30, 2022 results: revenue $89.3 million, net income net loss of $22.9 million, or $(1.76) per diluted share, EPS $(1.76) per diluted share.
  - Period: fiscal year ended September 30, 2022
  - Revenue: $89.3 million
  - Net income: net loss of $22.9 million, or $(1.76) per diluted share
  - EPS: $(1.76) per diluted share
  - Result: reported results
  source text: Geospace Technologies (NASDAQ: GEOS) today announced a net loss of $22.9 million, or $(1.76) per diluted share, on revenue of $89.3 million for its fiscal year ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001115/000119312522288410/0001193125-22-288410-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.