---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-003391"
form_type: "8-K"
ticker: "GEOS"
cik: "0001001115"
company_name: "GEOSPACE TECHNOLOGIES CORP"
filed_at: "2024-02-07T23:59:59+00:00"
generated_at: "2026-06-06T06:17:07.483416+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Geospace Q1 revenue $50M (+60% YoY), net income $12.7M vs loss; Mariner sale drove results

## Summary
- Revenue $50.0M, highest in nearly ten years, up 60% from $31.1M a year ago.
- Net income $12.7M ($0.94 diluted EPS) vs net loss of $0.1M ($0.01 loss) in Q1 FY2023.
- Oil & Gas segment revenue $39.9M (+98% YoY) driven by $30M purchase of Mariner ocean bottom node.
- Adjacent Markets segment $9.8M (-9% YoY); Emerging Markets $0.2M with $1.8M backlog.
- Cash and equivalents $34.0M; no borrowings; capital expenditure budget $7.0M for FY2024.

## SEC filing metadata
- accession: 0001437749-24-003391
- form_type: 8-K
- ticker: GEOS
- cik: 0001001115
- company_name: GEOSPACE TECHNOLOGIES CORP
- filed_at: 2024-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001115/000143774924003391/0001437749-24-003391-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001115/000143774924003391/geos20240207_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-003391
- JSON: https://secwatch.observer/filing/0001437749-24-003391.json
- Plain text: https://secwatch.observer/filing/0001437749-24-003391.txt

## Key facts
- Earnings Releases
  GEOSPACE TECHNOLOGIES CORP reported first quarter ended December 31, 2023 results: revenue $50.0 million, net income $12.7 million, EPS $0.94 per diluted share.
  - Period: first quarter ended December 31, 2023
  - Revenue: $50.0 million
  - Net income: $12.7 million
  - EPS: $0.94 per diluted share
  - Result: reported results
  source text: For the three-months ended December 31, 2023, Geospace reported revenue of $50.0 million, a 60% increase compared to revenue of $31.1 million for the comparable year-ago quarter. Net income for the three-months ended December 31, 2023 was $12.7 million, or $0.94 per diluted share, compared to a net loss of $0.1 million, or ($0.01) per diluted share, for the quarter ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001115/000143774924003391/0001437749-24-003391-index.htm

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