Geospace Technologies (GEOS) Reports Q4 Loss of $0.02, Revenues Beat

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Go back to Geospace Technologies (GEOS) Reports Q4 Loss of $0.02, Revenues Beat

Geospace Technologies Reports Fourth Quarter and Fiscal Year 2018 Results

November 15, 2018 4:33 PM EST

HOUSTON--(BUSINESS WIRE)-- Geospace Technologies (NASDAQ: GEOS) today announced that it narrowed its net loss to $19.2 million, or $1.45 per diluted share, on revenue of $75.7 million for its fiscal year ended September 30, 2018. This compares with a net loss of $56.8 million, or $4.32 per diluted share, on revenues of $73.7 million for the prior year.

For the fourth quarter ended September 30, 2018, the company recorded revenue of $20.6 million and a net loss of $0.2 million, or $0.02 per diluted share. For the comparable period last year, the company recorded revenues of $23.7 million and a net loss of $19.2 million, or $1.46 per diluted... More