Geospace Technologies (GEOS) Reports Q1 Loss of $0.10/Share

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Go back to Geospace Technologies (GEOS) Reports Q1 Loss of $0.10/Share

Geospace Technologies Reports Fiscal Year 2020 First Quarter Results

February 5, 2020 4:04 PM EST

HOUSTON--(BUSINESS WIRE)-- Geospace Technologies (NASDAQ: GEOS) today announced that it narrowed its net loss to $1.3 million, or $0.10 per diluted share, on revenue of $25.7 million for its first quarter ended December 31, 2019. This compares with a net loss of $5.9 million, or $0.44 per diluted share, on revenues of $17.9 million for the first quarter of the prior year.

Walter R. (Rick) Wheeler, President and CEO of Geospace Technologies (the Company), said, Increased demand for our ocean-bottom marine nodal recording systems fueled first quarter fiscal year 2020 results. Our first quarter revenue outperformed last years first quarter by an... More