Geospace Technologies (GEOS) Reports Q4 Loss of $1.76

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Go back to Geospace Technologies (GEOS) Reports Q4 Loss of $1.76

Geospace Technologies Reports Fourth Quarter and Fiscal Year 2022 Results

November 17, 2022 4:40 PM EST

HOUSTON--(BUSINESS WIRE)-- Geospace Technologies (NASDAQ: GEOS) today announced a net loss of $22.9 million, or $(1.76) per diluted share, on revenue of $89.3 million for its fiscal year ended September 30, 2022. This compares with a net loss of $14.1 million, or ($1.05) per diluted share, on revenue of $94.9 million for the comparable year-ago period.

For the fourth quarter ended September 30, 2022, Geospace Technologies (the Company) reported revenue of $25.9 million and a net loss of $8.0 million, or ($0.62) per diluted share. Revenue for the fourth quarter ended September 30, 2022 increased 33% over last year and was the largest quarterly contributor to the... More