Geospace Technologies (GEOS) Reports Q2 EPS of $0.35

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Go back to Geospace Technologies (GEOS) Reports Q2 EPS of $0.35

Geospace Technologies Corporation Reports Profitable Second Quarter And Six-Month 2023 Earnings

May 11, 2023 4:45 PM EDT

HOUSTON--(BUSINESS WIRE)-- Geospace Technologies Corporation (NASDAQ: GEOS) (the Company) today announced results for its second quarter ended March 31, 2023. For the three-months ended March 31, 2023, Geospace reported revenue of $31.4 million compared to revenue of $24.7 million for the comparable year-ago quarter. Net income for the three-months ended March 31, 2023 was $4.7 million, or $0.35 per diluted share, compared to a net loss of $1.5 million, or ($0.11) per diluted share, for the quarter ended March 31, 2022.

For the six-months ended March 31, 2023, Geospace reported revenue of $62.5 million compared to revenue of $42.7 million for the comparable year-ago period. Net income for the six-months ended... More