Geospace Technologies (GEOS) Reports Mixed Q2 Results

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Go back to Geospace Technologies (GEOS) Reports Mixed Q2 Results

Geospace Technologies Reports Fiscal Year 2017 Second Quarter Results

May 4, 2017 5:01 PM EDT

HOUSTON--(BUSINESS WIRE)-- Geospace Technologies Corporation (NASDAQ Global: GEOS) today announced a net loss of $11.5 million, or $0.88 per diluted share, on revenue of $20.6 million for its fiscal quarter ended March 31, 2017. This compares with a net loss of $11.0 million, or $0.84 per diluted share, on revenue of $14.9 million for the comparable prior year period.

For the six months ended March 31, 2017, the company recorded revenue of $35.8 million and a net loss of $23.2 million, or $1.77 per diluted share. For the comparable period last year, the company recorded revenue of $28.1 million and a net loss of $22.0 million, or $1.69 per diluted... More