Geospace Technologies (GEOS) Reports Q1 Revenue of $18M, EPS of ($0.52)
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Geospace Technologies Reports Fiscal Year 2022 First Quarter Results
February 1, 2022 7:01 PM ESTHOUSTON--(BUSINESS WIRE)-- Geospace Technologies (NASDAQ: GEOS) today announced a net loss of $6.8 million, or $(0.52) per diluted share, on revenue of $18.0 million for its first quarter ended December 31, 2021. This compares with a net loss of $1.1 million, or ($0.08) per diluted share, on revenue of $28.5 million for the first quarter of the prior year.
Walter R. (Rick) Wheeler, President and CEO of Geospace Technologies (the Company) said, The first quarter of fiscal year 2022, which ended December 31, 2021, saw a decrease in revenue of $10 million from last years first quarter. In retrospect, last years results were... More
