Geospace Technologies (GEOS) Reports Q2 Loss of $0.11

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Go back to Geospace Technologies (GEOS) Reports Q2 Loss of $0.11

Geospace Technologies Reports Fiscal Year 2022 Second Quarter Results

May 11, 2022 4:45 PM EDT

Company Builds Diversification Momentum and Enters Credit Facility

HOUSTON--(BUSINESS WIRE)-- Geospace Technologies (NASDAQ: GEOS) today announced results for the second quarter and six-month period ended March 31, 2022. During the three-month period ended March 31, 2022, Geospace Technologies (the Company) reported revenue of $24.7 million versus $23.9 million for the comparable year-ago quarter. Net loss for the three-month period ended March 31, 2022 narrowed to $1.5 million, or $(0.11) per diluted share, compared to a net loss of $7.2 million, or ($0.53) per diluted share for the quarter ended March 31, 2021.

For the six-months ended March 31, 2022, the Company recorded... More