Geospace Technologies (GEOS) Reports Q3 Loss of $0.36, Revenues Beat

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Go back to Geospace Technologies (GEOS) Reports Q3 Loss of $0.36, Revenues Beat

Geospace Technologies Reports Fiscal Year 2018 Third Quarter and Nine Month Results

August 2, 2018 5:19 PM EDT

HOUSTON--(BUSINESS WIRE)-- Geospace Technologies (NASDAQ: GEOS) today announced that it narrowed its net loss to $4.8 million, or $0.36 per diluted share, on revenue of $21.3 million for its third quarter ended June 30, 2018 compared to a net loss of $14.4 million, or $1.09 per diluted share, on revenue of $14.2 million for the third quarter of the prior year.

For the nine months ended June 30, 2018, the company recorded revenue of $55.2 million compared to revenue of $50.0 million during the prior year period. The company reported a net loss of $19.0 million, or $1.43 per diluted share compared to a net loss of... More