Geospace Q2 revenue $31.4M, net income $0.35/share vs loss of $0.11

GEOSPACE TECHNOLOGIES CORP

2023-Q2 EPS reported $0.35 revenue$62,479,000

Revenue $31.4M (vs $24.7M YoY); net income $4.7M vs net loss $1.5M.
Diluted EPS $0.35 vs ($0.11) in Q2 2022; six-month EPS $0.35 vs ($0.64).
Oil & Gas segment revenue $18.4M (+21.6% YoY) on higher OBX node rentals.
Adjacent Markets revenue $12.7M (+38.1% YoY) driven by water meter cable sales.
Cash & equivalents $22.8M, undrawn credit $5.5M, total liquidity $28.3M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GEOSPACE TECHNOLOGIES CORP reported three-months ended March 31, 2023 results: revenue $31.4 million, net income $4.7 million, EPS $0.35 per diluted share.

Period: three-months ended March 31, 2023
Revenue: $31.4 million
Net income: $4.7 million
EPS: $0.35 per diluted share
Result: reported results

Exact text from the filing

For the three-months ended March 31, 2023, Geospace reported revenue of $31.4 million compared to revenue of $24.7 million for the comparable year-ago quarter. Net income for the three-months ended March 31, 2023 was $4.7 million, or $0.35 per diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GEOSPACE TECHNOLOGIES CORP reported six-months ended March 31, 2023 results: revenue $62.5 million, net income $4.5 million, EPS $0.35 per diluted share.

Period: six-months ended March 31, 2023
Revenue: $62.5 million
Net income: $4.5 million
EPS: $0.35 per diluted share
Result: reported results

Exact text from the filing

For the six-months ended March 31, 2023, Geospace reported revenue of $62.5 million compared to revenue of $42.7 million for the comparable year-ago period. Net income for the six-months ended March 31, 2023 was $4.5 million, or $0.35 per diluted share

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Source: SEC EDGAR

accession 0001437749-23-013982

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