Geospace Technologies (GEOS) Reports Q4 Loss of $0.29/sh

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Go back to Geospace Technologies (GEOS) Reports Q4 Loss of $0.29/sh

Geospace Technologies Reports Fourth Quarter and Fiscal Year 2020 Results & Announces Stock Repurchase Program

November 19, 2020 4:08 PM EST

HOUSTON--(BUSINESS WIRE)-- Geospace Technologies (NASDAQ: GEOS) today announced a net loss of $19.2 million, or $(1.42) per diluted share, on revenue of $87.8 million for its fiscal year ended September 30, 2020. This compares with a net loss of $146,000, or ($0.01) per diluted share, on revenue of $95.8 million for the comparable year-ago period.

For the fourth quarter ended September 30, 2020, the company reported revenue of $21.5 million and a net loss of $3.9 million, or ($0.29) per diluted share. For the comparable period last year, the company recorded revenue of $28.9 million and net income of $8.7 million, or $0.63 per diluted... More