Geospace Technologies (GEOS) Post Wider Than Expected Q4 Loss
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Geospace Technologies Reports Fiscal Year 2015 Results
November 18, 2015 6:00 PM ESTHOUSTON--(BUSINESS WIRE)-- Geospace Technologies Corporation (NASDAQ Global: GEOS) today announced a net loss of $32.6 million, or $2.51 per diluted share, on revenue of $84.9 million for its fiscal year ended September 30, 2015. This compares with net income of $36.9 million, or $2.81 per diluted share, on revenue of $236.9 million for the prior year.
For the fourth quarter ended September 30, 2015, the company recorded revenue of $16.0 million and a net loss of $13.5 million, or $1.03 per diluted share. For the comparable period last year, the company recorded revenue of $26.3 million and a net loss of $1.8 million, or $0.14 per diluted share.
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