Geospace Technologies (GEOS) Reports Q1 Loss of $0.08/sh

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Go back to Geospace Technologies (GEOS) Reports Q1 Loss of $0.08/sh

Geospace Technologies Reports Fiscal Year 2021 First Quarter Results

February 3, 2021 5:39 PM EST

HOUSTON--(BUSINESS WIRE)-- Geospace Technologies (NASDAQ: GEOS) today announced its highest first quarter earnings in seven years, narrowing its net loss to $1.1 million, or $(0.08) per diluted share, on revenue of $28.5 million for its first quarter ended December 31, 2020. This compares with a net loss of $9.3 million, or ($0.69) per diluted share, on revenue of $17.7 million for the first quarter of the prior year.

Walter R. (Rick) Wheeler, President and CEO of Geospace Technologies (the Company) said, Despite the negative impacts that the COVID-19 worldwide pandemic continues to have on our business segments, we are pleased to... More