---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-032405"
form_type: "8-K"
ticker: "GEOS"
cik: "0001001115"
company_name: "GEOSPACE TECHNOLOGIES CORP"
filed_at: "2023-11-17T23:59:59+00:00"
generated_at: "2026-06-07T23:47:08.034361+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-032405
- form_type: 8-K
- ticker: GEOS
- cik: 0001001115
- company_name: GEOSPACE TECHNOLOGIES CORP
- filed_at: 2023-11-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001115/000143774923032405/0001437749-23-032405-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001115/000143774923032405/geos20231116_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-032405
- JSON: https://secwatch.observer/filing/0001437749-23-032405.json
- Plain text: https://secwatch.observer/filing/0001437749-23-032405.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001115/000143774923032405/0001437749-23-032405-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001115/000143774923032405/0001437749-23-032405-index.htm

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