Geospace Technologies (GEOS) Reports Q3 Loss of $1.09/Share

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Go back to Geospace Technologies (GEOS) Reports Q3 Loss of $1.09/Share

Geospace Technologies Reports Fiscal Year 2017 Third Quarter Results

August 3, 2017 4:22 PM EDT

HOUSTON--(BUSINESS WIRE)-- Geospace Technologies Corporation (NASDAQ Global: GEOS) today announced a net loss of $14.4 million, or $1.09 per diluted share, on revenue of $14.2 million for its fiscal quarter ended June 30, 2017. This compares with a net loss of $11.7 million, or $0.89 per diluted share, on revenue of $17.7 million for the comparable prior year period.

For the nine months ended June 30, 2017, the company recorded revenue of $50.0 million and a net loss of $37.6 million, or $2.86 per diluted share. For the comparable period last year, the company recorded revenue of $45.7 million and a net loss of $33.7 million, or $2.58 per... More