Source-grounded facts extracted from GEOSPACE TECHNOLOGIES CORP's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
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.”
Earnings Releases
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.”
Restructurings & Charges
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.”
Debt Financings
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.”
Earnings Releases
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.”
Earnings Releases
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").”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.