Geospace Technologies (GEOS) Reports Q1 Loss of $0.89/Share
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Geospace Technologies Reports Fiscal Year 2017 First Quarter Results
February 8, 2017 4:30 PM ESTHOUSTON--(BUSINESS WIRE)-- Geospace Technologies (NASDAQ: GEOS) today announced a net loss of $11.7 million, or $0.89 per diluted share, on revenue of $15.3 million for its first quarter ended December 31, 2016. This compares with a net loss of $11.0 million, or $0.85 per diluted share, on revenue of $13.1 million for the prior year.
Walter R. (Rick) Wheeler, President and CEO of Geospace Technologies said, While our first quarter revenue was down 6% sequentially from last years fourth quarter, we did realize a revenue increase of 16% from last years first quarter. The sequential decline in revenue from the quarter ended... More
