{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-015735","form_type":"8-K","ticker":"GEOS","cik":"0001001115","company_name":"GEOSPACE TECHNOLOGIES CORP","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.787296+00:00","generated_at":"2026-06-02T04:37:32.811533+00:00","sec_items":["2.02","5.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Geospace Q2 revenue down 23% to $24.3M, net loss $4.3M; appoints COO, $5M buyback","bullets":["Q2 FY2024 revenue $24.3M (down 23% YoY); net loss $4.3M ($0.32/sh) vs net income $4.6M ($0.35/sh) a year ago.","Oil & Gas segment revenue $10.8M (down 41% YoY) on lower OBX rental utilization; Adjacent Markets $12.2M (down 4%).","H1 FY2024 net income $8.4M ($0.62/sh) on revenue $74.3M; cash/short-term investments $51.2M, no debt.","Appointed Richard Kelley (former Sercel President) as EVP and COO effective April 29, 2024; initial base salary $335K.","Board authorized up to $5M stock repurchase program with no time limit; funded from existing cash or operations."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-015735","json":"https://secwatch.observer/filing/0001437749-24-015735.json","markdown":"https://secwatch.observer/filing/0001437749-24-015735.md","text":"https://secwatch.observer/filing/0001437749-24-015735.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1001115/000143774924015735/0001437749-24-015735-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1001115/000143774924015735/geos20240509_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T04:37:32.811533+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"127c29a6c216612d95ce52798a45c73be28601ee","claim":"GEOSPACE TECHNOLOGIES CORP reported second quarter ended March 31, 2024 results: revenue $24.3 million, net income Net loss of $4.3 million, or ($0.32) per diluted share, EPS ($0.32) per diluted share.","evidence_excerpt":"Geospace Technologies Corporation (NASDAQ: GEOS) (the “Company”) today announced results for its second quarter ended March 31, 2024. For the three-months ended March 31, 2024, Geospace reported revenue of $24.3 million, compared to revenue of $31.4 million for the comparable year-ago quarter. Net loss for the three-months ended March 31, 2024 was $4.3 million, or ($0.32) per diluted share, compared to net income of $4.6 million, or $0.35 per diluted share, for the quarter ended March 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1001115/000143774924015735/0001437749-24-015735-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended March 31, 2024"},{"label":"Revenue","value":"$24.3 million"},{"label":"Net income","value":"Net loss of $4.3 million, or ($0.32) per diluted share"},{"label":"EPS","value":"($0.32) per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"bcfa6039feebfebc1125f191da7211adbd18177f","claim":"GEOSPACE TECHNOLOGIES CORP reported six-months ended March 31, 2024 results: revenue $74.3 million, net income Net income of $8.4 million, or $0.62 per diluted share, EPS $0.62 per diluted share.","evidence_excerpt":"For the six-months ended March 31, 2024, Geospace reported revenue of $74.3 million compared to revenue of $62.5 million for the comparable year-ago period. Net income for the six-months ended March 31, 2024 was $8.4 million, or $0.62 per diluted share, compared to net income of $4.5 million, or $0.35 per diluted share, for the six-months ended March 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1001115/000143774924015735/0001437749-24-015735-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"six-months ended March 31, 2024"},{"label":"Revenue","value":"$74.3 million"},{"label":"Net income","value":"Net income of $8.4 million, or $0.62 per diluted share"},{"label":"EPS","value":"$0.62 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"5cfe7ec900","claim":"Richard Kelley was appointed as Executive Vice President and Chief Operating Officer at GEOSPACE TECHNOLOGIES CORP.","evidence_excerpt":"On April 29, 2024, the Company appointed Richard Kelley as its Executive Vice President and Chief Operating Officer (“COO\").","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1001115/000143774924015735/0001437749-24-015735-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Executive Vice President and Chief Operating Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}