Geospace reports FY2023 net income $12.2M ($0.92 EPS) on record revenue $124.5M

GEOSPACE TECHNOLOGIES CORP

2023-FY EPS reported $0.92 revenue$124,509,000

Revenue $124.5M (largest since 2014), up from $89.3M; net income $12.2M vs net loss $22.9M prior year.
Q4 revenue $29.3M, net income $4.4M ($0.33) vs Q4 prior year revenue $25.9M, net loss $8.0M ($0.62 loss).
Rental revenue more than doubled; OBX ocean bottom nodes key driver. $20M Mariner rental contract, $5.7M geophone contract.
Adjacent Markets full year revenue $49.0M (record); water meter cables/connectors drove growth.
Cash, equivalents & short-term investments $33.7M; zero debt; $13.1M borrowing availability; total liquidity $46.8M.

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 fiscal year ended September 30, 2023 results: revenue $124.5 million, net income $12.2 million, EPS $0.92 per diluted share.

Period: fiscal year ended September 30, 2023
Revenue: $124.5 million
Net income: $12.2 million
EPS: $0.92 per diluted share
Result: reported results

Exact text from the filing

Geospace Technologies Corporation (NASDAQ: GEOS) (“the "Company”) today announced net income of $12.2 million, or $0.92 per diluted share, on revenue of $124.5 million for its fiscal year ended September 30, 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GEOSPACE TECHNOLOGIES CORP reported fourth quarter ended September 30, 2023 results: revenue $29.3 million, net income $4.4 million, EPS $0.33 per diluted share.

Period: fourth quarter ended September 30, 2023
Revenue: $29.3 million
Net income: $4.4 million
EPS: $0.33 per diluted share
Result: reported results

Exact text from the filing

For the fourth quarter ended September 30, 2023, Geospace Technologies (the “Company”) reported revenue of $29.3 million and net income of $4.4 million, or $0.33 per diluted share.

View on SEC.gov

Browse all earnings releases →

GEOSPACE TECHNOLOGIES CORP filing history →

Source: SEC EDGAR

accession 0001437749-23-032405

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.