Geospace Q3 revenue $15.8M (-36% YoY), net loss $9.7M; wins $10.8M Navy contract

GEOSPACE TECHNOLOGIES CORP

Q3 revenue $15.8M vs $24.8M a year ago; net loss $9.7M ($0.75/sh) vs income $0.8M ($0.06/sh).
Nine-month revenue $61.1M (down 24% YoY); net loss $30.5M ($2.37/sh) vs loss $0.7M ($0.05/sh).
Smart Water revenue down 56.1% to $4.6M; Energy Solutions down 28% to $5.9M; Intelligent Industrial down 14% to $5.2M.
U.S. Navy awarded Quantum Technology Sciences $10.8M fixed-price contract for seismic acoustic detection system, completion by Dec 2027.
Used $27.3M cash from operations; working capital $40.6M; PRM contract extended and in full production.

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