GEOSPACE TECHNOLOGIES CORP — fact timeline

GEOSPACE TECHNOLOGIES CORP reported six-months ended March 31, 2026 results: revenue $45.3 million, net income Net loss of $20.8 million, EPS $(1.62) per diluted share.

“For the six-months ended March 31, 2026, Geospace reported revenue of $45.3 million compared to revenue of $55.2 million for the comparable year-ago period. Net loss for the six-months ended March 31, 2026 was $20.8 million, or $(1.62) per diluted share, compared to net loss of $1.4 million, or $(0.11) per diluted share, for the six-months ended March 31, 2025.”

GEOSPACE TECHNOLOGIES CORP reported second quarter fiscal year 2026 results: revenue $19.7 million, net income Net loss of $11.1 million, EPS $(0.86) per diluted share.

“For the three-months ended March 31, 2026, Geospace reported revenue of $19.7 million compared to revenue of $18.0 million for the comparable year-ago quarter. Net loss for the three-months ended March 31, 2026, was $11.1 million, or $(0.86) per diluted share, compared to net loss of $9.8 million, or $(0.77) per diluted share, for the quarter ended March 31, 2025.”

GEOSPACE TECHNOLOGIES CORP announced a restructuring with charges of $0.6 million of termination costs in its second fiscal quarter and incur $0.7 million of costs in its third fiscal quarter ending June 30, 2026 (approximately 20% reduction in the global workforce).

“This organizational change plan will result in approximately 20% reduction in the global workforce, and together with cost-containment measures are expected to produce approximately $10 million of annualized cash savings. In connection with the workforce reduction, the Company expects to incur $0.6 million of termination costs in its second fiscal quarter and incur $0.7 million of costs in its third fiscal quarter ending June 30, 2026.”

GEOSPACE TECHNOLOGIES CORP incurred revolving credit of $25 million with Woodforest National Bank at 30 Day Term SOFR plus a margin equal to 2.75% per annum or an Alternate Base Rat maturing three-year term.

“July 26, 2023, between the Company and Woodforest National Bank. The Agreement is for a three-year term and provides a revolving credit facility with a maximum availability of $25 million. Interest shall accrue on outstanding borrowings at a rate equal to, at the Company’s option, (a) 30 Day Term SOFR plus a margin equal to 2.75% per annum or (b) an Alternate Base”

Robbin B. Adams resigned as Senior Vice President at GEOSPACE TECHNOLOGIES CORP.

“On January 3, 2025, Robbin B. Adams resigned from his position as Senior Vice President of Geospace Technologies Corporation (the “Company”) in order to pursue other interests.”

Stephen C. Jumper was appointed as Chairman of the Board at GEOSPACE TECHNOLOGIES CORP.

“The Board has appointed Stephen C. Jumper to serve as the Company’s new Chairman of the Board effective immediately.”

Gary D. Owens departed as Director at GEOSPACE TECHNOLOGIES CORP.

“On November 21, 2024, Gary D. Owens notified Geospace Technologies Corporation (the “Company”) that he will not seek re-election to the Company” board of directors (the “Board”).”

Gary D. Owens changed role as Chairman of the Board at GEOSPACE TECHNOLOGIES CORP.

“Mr. Owens also stepped down as Chairman of the Board but will remain a board member until the 2025 annual meeting.”

Walter (Rick) Wheeler changed role as Principal Executive Officer and Senior Strategic Advisor at GEOSPACE TECHNOLOGIES CORP.

“Walter (Rick) Wheeler will remain with the Company as Principal Executive Officer and Senior Strategic Advisor to the CEO through and until his retirement on December 31, 2024.”

Richard (Rich) Kelley was elected as President and Chief Executive Officer at GEOSPACE TECHNOLOGIES CORP.

“the Company’s Board of Directors elected Richard (Rich) Kelley, currently serving as Executive Vice President and Chief Operating Officer, to the role of President and Chief Executive Officer.”

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.

“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.”

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.

“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.”

Richard Kelley was appointed as Executive Vice President and Chief Operating Officer at GEOSPACE TECHNOLOGIES CORP.

“On April 29, 2024, the Company appointed Richard Kelley as its Executive Vice President and Chief Operating Officer (“COO").”

GEOSPACE TECHNOLOGIES CORP shareholders approved Advisory vote on the compensation of named executive officers at the 2024-02-08 meeting.

“Proposal 3 was a proposal to hold an advisory vote on the compensation of the Company’s named executive officers, as described in the proxy materials. This proposal was approved and the voting details are as follows: For Against Abstain Non Vote 7,001,354 92,135 9,310 3,708,944”

GEOSPACE TECHNOLOGIES CORP shareholders approved Ratify the appointment of RSM US LLP as auditors for fiscal year ending September 30, 2024 at the 2024-02-08 meeting.

“Proposal 2 was a proposal to ratify the appointment by the audit committee of the board of directors of RSM US LLP, independent public accountants, as the Company’s auditors for the fiscal year ending September 30, 2024. This proposal was approved and the voting details are as follows: For Against Abstain 10,806,952 1,275 3,516”

GEOSPACE TECHNOLOGIES CORP shareholders approved Election of Margaret Sidney Ashworth and Stephen C. Jumper as directors for a three-year term expiring in 2027 at the 2024-02-08 meeting.

“Proposal 1: Margaret Sidney Ashworth and Stephen C. Jumper were elected as directors to serve for a three-year term expiring in 2027 or until their successors are duly elected and qualified. The voting details are as follows: For Against Abstain Non Vote Margaret Sidney Ashworth 6,936,927 154,504 11,368 3,708,944 Stephen C. Jumper 7,073,278 21,894 7,627 3,708,944”

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.

“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.”

Stephen C. Jumper was appointed as Class II Director at GEOSPACE TECHNOLOGIES CORP.

“On December 21, 2023, the board of directors (the “Board”) of Geospace Technologies Corporation (the “Company”) appointed Stephen C. Jumper as a Class II director of the Company for an initial term expiring at the Company’s annual meeting in 2024”

GEOSPACE TECHNOLOGIES CORP reported fourth quarter ended September 30, 2023 results: revenue $29.3 million, net income $4.4 million, EPS $0.33 per diluted share.

“For the fourth quarter ended September 30, 2023, Geospace Technologies (the “Company”) reported revenue of $29.3 million and net income of $4.4 million, or $0.33 per diluted share.”

GEOSPACE TECHNOLOGIES CORP reported fiscal year ended September 30, 2023 results: revenue $124.5 million, net income $12.2 million, EPS $0.92 per diluted share.

“Geospace Technologies Corporation (NASDAQ: GEOS) (“the "Company”) today announced net income of $12.2 million, or $0.92 per diluted share, on revenue of $124.5 million for its fiscal year ended September 30, 2023.”

GEOSPACE TECHNOLOGIES CORP reported its third quarter ended June 30, 2023 results: revenue $32.7 million, net income $3.2 million, or $0.24 per diluted share.

“Geospace Technologies Corporation (NASDAQ: GEOS) (the “Company”) today announced results for its third quarter ended June 30, 2023. For the three-months ended June 30, 2023, Geospace reported revenue of $32.7 million, a 58% increase compared to revenue of $20.7 million for the comparable year-ago quarter. Net income for the three-months ended June 30, 2023 was $3.2 million, or $0.24 per diluted share, compared to a net loss of $6.6 million, or ($0.51) per diluted share, for the quarter ended June 30, 2022.”

Robbin B. Adams was appointed as Senior Vice President and Chief Technical Officer at GEOSPACE TECHNOLOGIES CORP.

“On June 30, 2023, the Company appointed Robbin B. Adams, age 65, as Senior Vice President and Chief Technical Officer of the Company effective July 1, 2023.”

Michael J. Sheen departed as Senior Vice President and Chief Technical Officer at GEOSPACE TECHNOLOGIES CORP.

“Michael J. Sheen notified Geospace Technologies Corporation (the “Company”) of his intention to retire and resign from his position as Senior Vice President and Chief Technical Officer of the Company, to be effective June 30, 2023.”

GEOSPACE TECHNOLOGIES CORP reported six-months ended March 31, 2023 results: revenue $62.5 million, net income $4.5 million, EPS $0.35 per diluted share.

“For the six-months ended March 31, 2023, Geospace reported revenue of $62.5 million compared to revenue of $42.7 million for the comparable year-ago period. Net income for the six-months ended March 31, 2023 was $4.5 million, or $0.35 per diluted share”

GEOSPACE TECHNOLOGIES CORP reported three-months ended March 31, 2023 results: revenue $31.4 million, net income $4.7 million, EPS $0.35 per diluted share.

“For the three-months ended March 31, 2023, Geospace reported revenue of $31.4 million compared to revenue of $24.7 million for the comparable year-ago quarter. Net income for the three-months ended March 31, 2023 was $4.7 million, or $0.35 per diluted share”

GEOSPACE TECHNOLOGIES CORP shareholders approved Advisory vote on frequency of future advisory votes on executive compensation at the 2023-02-09 meeting.

“Proposal 4 was a proposal on the frequency of the advisory vote on executive compensation, as described in the proxy materials.”

GEOSPACE TECHNOLOGIES CORP shareholders approved Advisory vote on executive compensation at the 2023-02-09 meeting.

“Proposal 3 was a proposal to hold an advisory vote on the compensation of the Company’s named executive officers, as described in the proxy materials.”

GEOSPACE TECHNOLOGIES CORP shareholders approved Ratification of the appointment of RSM US LLP as independent auditors for fiscal year 2023 at the 2023-02-09 meeting.

“Proposal 2 was a proposal to ratify the appointment by the audit committee of the board of directors of RSM US LLP, independent public accountants, as the Company’s auditors for the fiscal year ending September 30, 2023.”

GEOSPACE TECHNOLOGIES CORP shareholders approved Election of directors for a three-year term expiring in 2026 at the 2023-02-09 meeting.

“Thomas L. Davis, Ph.D., Richard F. Miles and Walter R. Wheeler were elected as directors to serve for a three-year term expiring in 2026 or until their successors are duly elected and qualified.”

GEOSPACE TECHNOLOGIES CORP reported first quarter fiscal year 2023 results: revenue $31.1 million, net income $0.1 million, or $(0.01) per diluted share, EPS $(0.01) per diluted share.

“(NASDAQ: GEOS) (the “Company”) today announced results for its first quarter ended December 2022. For the three-months ended December 31, 2022, Geospace reported revenue of $31.1 million compared to revenue of $18.0 million for the comparable year-ago quarter. Net loss for the three-months ended December 31, 2022 narrowed to $0.1 million, or $(0.01) per diluted”

GEOSPACE TECHNOLOGIES CORP reported fourth quarter ended September 30, 2022 results: revenue $25.9 million, net income net loss of $8.0 million, or ($0.62) per diluted share, EPS ($0.62) per diluted share.

“For the fourth quarter ended September 30, 2022, Geospace Technologies (the “Company”) reported revenue of $25.9 million and a net loss of $8.0 million, or ($0.62) per diluted share.”

GEOSPACE TECHNOLOGIES CORP reported fiscal year ended September 30, 2022 results: revenue $89.3 million, net income net loss of $22.9 million, or $(1.76) per diluted share, EPS $(1.76) per diluted share.

“Geospace Technologies (NASDAQ: GEOS) today announced a net loss of $22.9 million, or $(1.76) per diluted share, on revenue of $89.3 million for its fiscal year ended September 30, 2022.”

Kenneth Asbury resigned as Director at GEOSPACE TECHNOLOGIES CORP.

“On November 3, 2022, Kenneth Asbury notified the Chairman of the Board of Directors (the “Board”) of Geospace Technologies Corporation (the “Company”) of his decision to resign from his position as a member of the Board, effective immediately for personal reasons to include pursing opportunities more closely aligned with his expertise.”