---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-035981"
form_type: "8-K"
ticker: "GEOS"
cik: "0001001115"
company_name: "GEOSPACE TECHNOLOGIES CORP"
filed_at: "2024-11-21T23:59:59+00:00"
generated_at: "2026-05-29T20:17:45.563038+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Geospace reports FY2024 net loss $6.6M on non-cash charges; revenue up 9% to $135.6M

## Summary
- FY2024 adj. net income $10.7M vs $12.2M prior year; Q4 adj. net income flat at $4.4M.
- Q4 non-cash charges: $14.5M from Russian entity divestiture, $2.8M intangible impairment.
- Hydroconn smart water cables set record annual revenue; Adjacent Markets segment Q4 sales up 65% YoY.
- Oil & Gas segment FY revenue $77.5M (+5% YoY) led by OBX node sales; rental fleet utilization down.
- CEO Rick Wheeler retiring after ~30 years; President Rich Kelley continues as CEO; board seat retained.

## SEC filing metadata
- accession: 0001437749-24-035981
- form_type: 8-K
- ticker: GEOS
- cik: 0001001115
- company_name: GEOSPACE TECHNOLOGIES CORP
- filed_at: 2024-11-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001115/000143774924035981/0001437749-24-035981-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001115/000143774924035981/geos20241121_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-035981
- JSON: https://secwatch.observer/filing/0001437749-24-035981.json
- Plain text: https://secwatch.observer/filing/0001437749-24-035981.txt

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