secwatch.observer — SEC 8-K summary
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Issuer:     GEOSPACE TECHNOLOGIES CORP (GEOS)
CIK:        0001001115
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001437749-23-023116
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001115/000143774923023116/0001437749-23-023116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001115/000143774923023116/geos20230612_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-023116

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer