---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-023116"
form_type: "8-K"
ticker: "GEOS"
cik: "0001001115"
company_name: "GEOSPACE TECHNOLOGIES CORP"
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T16:09:58.637189+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Geospace Q3 revenue $32.7M (+58% YoY), net income $0.24/shr vs ($0.51) loss

## Summary
- Q3 revenue $32.7M, highest quarterly revenue in nine years; net income $3.2M.
- Oil & Gas segment revenue $17.7M (+85.7% YoY) on higher OBX rental utilization and sensor demand.
- Adjacent Markets segment revenue $14.9M (+35.9%) driven by water meter cables and industrial sensors.
- Cash and equivalents $27.3M, no debt; new $15M credit facility with Woodforest National Bank.
- Nine-month revenue $95.2M (+50% YoY); net income $7.8M ($0.59/shr) vs ($1.14) loss in prior year.

## SEC filing metadata
- accession: 0001437749-23-023116
- form_type: 8-K
- ticker: GEOS
- cik: 0001001115
- company_name: GEOSPACE TECHNOLOGIES CORP
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1001115/000143774923023116/0001437749-23-023116-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001115/000143774923023116/geos20230612_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-023116
- JSON: https://secwatch.observer/filing/0001437749-23-023116.json
- Plain text: https://secwatch.observer/filing/0001437749-23-023116.txt

## Key facts
- Earnings Releases
  GEOSPACE TECHNOLOGIES CORP reported its third quarter ended June 30, 2023 results: revenue $32.7 million, net income $3.2 million, or $0.24 per diluted share.
  - Period: its third quarter ended June 30, 2023
  - Revenue: $32.7 million
  - Net income: $3.2 million, or $0.24 per diluted share
  - Result: reported results
  source text: Geospace Technologies Corporation (NASDAQ: GEOS) (the “Company”) today announced results for its third quarter ended June 30, 2023. For the three-months ended June 30, 2023, Geospace reported revenue of $32.7 million, a 58% increase compared to revenue of $20.7 million for the comparable year-ago quarter. Net income for the three-months ended June 30, 2023 was $3.2 million, or $0.24 per diluted share, compared to a net loss of $6.6 million, or ($0.51) per diluted share, for the quarter ended June 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001115/000143774923023116/0001437749-23-023116-index.htm

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