Geospace Technologies Corp Stock Price, News & Analysis

Geospace Technologies (NASDAQ: GEOS) has unveiled a new brand identity to reflect its strategic transformation and expansion beyond traditional oil and gas hardware. Under new leadership, including CEO Rich Kelley and Chairman Steve Jumper, the company has restructured into three key business segments: smart water, energy solutions, and intelligent industrial.

The company's Hydroconn® smart meter connector has achieved significant market success, with 27 million units sold domestically. Geospace aims to reach revenue exceeding $200 million in the coming years, with balanced contributions from each business segment. The rebranding includes a new business purpose statement and streamlined core values focusing on excellence, people, integrity, and creativity.

Geospace Technologies (NASDAQ: GEOS) has scheduled its second quarter and six-month financial results release for fiscal year 2025. The company will announce results on Thursday, May 8, 2025 after market close, followed by a conference call on Friday, May 9, 2025 at 10:00 a.m. Eastern Time (9:00 a.m. Central).

U.S. participants can join the call toll-free at 800-274-8461, while international participants can dial 203-518-9814, using conference ID: GEOSQ225. A replay will be available for approximately 60 days through the Investor Relations page on Geospace.com.

Geospace Technologies (NASDAQ: GEOS) has secured a $7.6 million contract to provide Mariner™ ocean bottom wireless nodes to Caspian Engineering Company, a Kazakhstan-based geologic-geophysical survey firm. The delivery is scheduled for the company's third fiscal quarter.

The Mariner™ system is designed for extended-duration seabed ocean bottom seismic data acquisition, operating at depths up to 750 meters with continuous recording capability for up to 70 days. The company also offers Mariner Deep™, which can function at depths exceeding 3,048 meters and record continuously for up to 200 days.

This contract represents a significant partnership, with Caspian Engineering selecting Geospace's latest slim profile seabed data acquisition node technology for their operational and seismic data quality requirements.

Geospace Technologies (NASDAQ: GEOS) reported its Q1 FY2025 results with revenue of $37.2 million, down from $50.0 million in the year-ago quarter. Net income was $8.4 million ($0.65 per diluted share), compared to $12.7 million ($0.94 per diluted share) in Q1 FY2024.

The company introduced new business segments: Smart Water revenue increased 72% to $7.3 million, Energy Solutions revenue decreased 39% to $24.3 million including a $17 million OBX marine wireless product sale, and Intelligent Industrial revenue slightly decreased 4% to $5.6 million.

As of December 31, 2024, GEOS had $22.1 million in cash and equivalents, $40.6 million in receivables, and $12 million in available credit. The company completed its $7 million stock repurchase program, purchasing approximately 716,000 shares at an average price of $9.72 per share.

Geospace Technologies (NASDAQ: GEOS) has announced its upcoming first quarter 2025 financial results release, scheduled for Wednesday, February 5, 2025, after market close. The company will host a conference call to discuss the results on Thursday, February 6, 2025, at 10:00 a.m. Eastern Time (9:00 a.m. Central).

U.S. participants can join the call toll-free at 800-274-8461, while international participants can dial 203-518-9814. Participants should reference the conference ID: GEOSQ125. A replay of the call will be available for approximately 60 days through the Investor Relations page on Geospace.com.

Geospace Technologies (NASDAQ: GEOS) reported fiscal year 2024 results with revenue of $135.6 million, up from $124.5 million in the previous year. The company recorded a net loss of $6.6 million after $17.3 million in fourth quarter non-cash charges, compared to net income of $12.2 million in the prior year. Adjusted net income for fiscal 2024 was $10.7 million. The company's Oil and Gas Markets segment revenue increased 5% to $77.5 million, while Adjacent Markets segment grew 13% to $55.6 million, driven by record-setting performance of Hydroconn® smart water meter cables.

Geospace Technologies (NASDAQ: GEOS) has announced its upcoming fourth quarter and fiscal year 2024 financial results release, scheduled for Thursday, November 21, 2024, after market close. The company will host a conference call to discuss the results on Friday, November 22, 2024, at 10:00 a.m. Eastern Time. U.S. participants can join via toll-free number 800-267-6316, while international participants can dial 203-518-9783, using conference ID: GEOSQ424. A replay will be available for approximately 60 days through the Investor Relations page on Geospace.com.

Geospace Technologies (NASDAQ: GEOS) announces a strategic realignment of its business segments, effective fiscal year 2025. The company will operate under three new segments: Smart Water, Energy Solutions, and Intelligent Industrial, replacing the previous Oil and Gas Markets, Adjacent Markets, and Emerging Markets segments.

The Smart Water segment focuses on water management technology, including Hydroconn® smart water connectivity and Aquana products. The Energy Solutions segment encompasses traditional oil and gas exploration products, reservoir monitoring, and emerging energy solutions. The Intelligent Industrial segment includes industrial sensors, electronic pre-press solutions, and specialized contract manufacturing.

This realignment reflects Geospace's diversification efforts and strategic focus on technology-driven solutions. The company anticipates growth opportunities in water monitoring, energy solutions, and Industrial IoT markets.