secwatch.observer — SEC 8-K summary
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Issuer:     GEOSPACE TECHNOLOGIES CORP (GEOS)
CIK:        0001001115
Form:       8-K
Filed at:   2023-11-17T23:59:59+00:00
Accession:  0001437749-23-032405
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001115/000143774923032405/0001437749-23-032405-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001115/000143774923032405/geos20231116_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-032405

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