Geospace Technologies (GEOS) Misses Q2 Expectations

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Go back to Geospace Technologies (GEOS) Misses Q2 Expectations

Geospace Technologies Reports Fiscal Year 2016 Second Quarter Results

May 5, 2016 4:53 PM EDT

HOUSTON--(BUSINESS WIRE)-- Geospace Technologies Corporation (NASDAQ Global: GEOS) today announced a net loss of $11.0 million, or $0.84 per diluted share, on revenue of $14.9 million for its fiscal quarter ended March 31, 2016. This compares with a net loss of $5.2 million, or $0.40 per diluted share, on revenue of $27.9 million for the prior year.

For the six months ended March 31, 2016, the company recorded revenue of $28.1 million and a net loss of $22.0 million, or $1.69 per diluted share. For the comparable period last year, the company recorded revenue of $49.1 million and a net loss of $10.6 million, or $0.82 per diluted share.... More