Geospace Technologies (GEOS) Reports Q2 Loss of $0.53

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Go back to Geospace Technologies (GEOS) Reports Q2 Loss of $0.53

Geospace Technologies Reports Fiscal Year 2021 Second Quarter Results

May 6, 2021 4:01 PM EDT

HOUSTON--(BUSINESS WIRE)-- Geospace Technologies (NASDAQ: GEOS) today announced a net loss of $7.2 million, or $(0.53) per diluted share, on revenue of $23.9 million for its second quarter ended March 31, 2021. This compares with a net loss of $3.8 million, or ($0.28) per diluted share, on revenue of $25.9 million for the second quarter of the prior year period.

For the six months ended March 31, 2021, the Company recorded revenue of $52.4 million compared to revenue of $43.6 million during the prior year period. The Company reported a net loss of $8.2 million, or $(0.61) per diluted share compared to a net loss of... More