secwatch.observer — SEC 8-K summary
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Issuer:     GEOSPACE TECHNOLOGIES CORP (GEOS)
CIK:        0001001115
Form:       8-K
Filed at:   2022-11-18T23:59:59+00:00
Accession:  0001193125-22-288410
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001115/000119312522288410/0001193125-22-288410-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001115/000119312522288410/d388795d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-288410

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