Geospace Technologies (GEOS) Reports Q1 EPS of $0.94
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Geospace Technologies Corporation Reports Profitable First Quarter of Fiscal Year 2024 and Highest Quarterly Revenue in Nearly Ten Years
February 7, 2024 4:45 PM ESTQuarterly Earnings Strengthen by Significant Demand for Newly Released Mariner Seismic Data Acquisition Product
HOUSTON--(BUSINESS WIRE)-- Geospace Technologies Corporation (NASDAQ: GEOS) (the Company) today announced results for its first quarter ended December 31, 2023. For the three-months ended December 31, 2023, Geospace reported revenue of $50.0 million, a 60% increase compared to revenue of $31.1 million for the comparable year-ago quarter. Net income for the three-months ended December 31, 2023 was $12.7 million, or $0.94 per diluted share, compared to a net loss of $0.1 million, or ($0.01) per diluted share, for the quarter ended December 31, 2022.
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