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Geospace Technologies Corp - GEOS STOCK NEWS

Welcome to our dedicated news page for Geospace Technologies (Ticker: GEOS), a resource for investors and traders seeking the latest updates and insights on Geospace Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Geospace Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Geospace Technologies's position in the market.

News
Geospace Technologies Releases Lightweight, Long Lasting Land Seismic Data Acquisition Node
Rhea-AI Summary
Geospace Technologies (NASDAQ: GEOS) introduces Pioneer™, the lightest geophone-based nodal product on the market weighing less than 0.5kg. It offers 24/7 recording for 50 days, rapid recharging, and data transfer, improving signal to noise ratio. The node aims to reduce costs and increase efficiency in land seismic data acquisition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.04%
Tags
acquisition
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News
Geospace Technologies Corporation Reports Profitable First Quarter of Fiscal Year 2024 and Highest Quarterly Revenue in Nearly Ten Years
Rhea-AI Summary
Geospace Technologies Corporation (NASDAQ: GEOS) reported a 60% increase in revenue to $50.0 million and a net income of $12.7 million for the first quarter of fiscal year 2024. The company's Mariner™ Seismic Data Acquisition Product drove the strong performance, with a $20 million rental contract converted to a $30 million sale. The Oil and Gas Markets segment experienced a significant revenue increase, while the Adjacent Markets segment saw a modest decrease. The Emerging Markets segment generated a small amount of revenue, with progress toward significant revenue contributions developing more slowly than desired. The company anticipates a capital expenditure budget of $7.0 million in fiscal year 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.31%
Tags
earnings
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News
Geospace Technologies Schedules First Quarter of Fiscal Year 2024 Earnings Call
Rhea-AI Summary
Geospace Technologies (NASDAQ: GEOS) will release its first quarter fiscal year 2024 financial results on February 7, 2024, followed by a conference call on February 8, 2024. The conference call will be live via phone, with a toll-free number for U.S. participants and an international dial-in. A replay will be available for approximately 60 days on the Geospace.com website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.25%
Tags
earnings
News
Geospace Technologies Sells $30M in Ocean Bottom Nodes
Rhea-AI Summary
Geospace Technologies Corporation (NASDAQ: GEOS) has secured a $30 million contract with an international marine geophysical services provider for their latest shallow water ocean bottom nodes, Mariner™. This contract replaces a previous $20 million contract and will contribute to revenue in the first quarter of fiscal year 2024. The company's President and CEO, Walter R. Wheeler, expressed optimism about the marine survey activity and the demand for their advanced ocean bottom node products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.65%
Tags
none
-
News
Seismic Industry Veteran Stephen Jumper Joins Geospace Technologies Board of Directors
Rhea-AI Summary
Geospace Technologies Corporation (NASDAQ: GEOS) appoints former seismic data acquisition provider Dawson Geophysical CEO Stephen C. Jumper to its Board of Directors, bringing valuable industry experience and insight to navigate the evolving energy landscape.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.16%
Tags
management
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News
Geospace Technologies Reports Profitable Fourth Quarter and Fiscal Year 2023 Results
Rhea-AI Summary
Geospace Technologies Corporation (NASDAQ: GEOS) reported a net income of $12.2 million and revenue of $124.5 million for its fiscal year ended September 30, 2023, marking a significant improvement from the previous year. The positive earnings were attributed to increased utilization and rentals of the company's OBX ocean bottom nodes, with total revenue from rentals more than doubling from the previous year. The company also achieved success in revenue diversification, setting new records in the Adjacent Markets segment. Additionally, Geospace Technologies secured substantial contracts in its Emerging Markets segment, contributing to a substantive increase in stockholder equity and total liquidity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.21%
Tags
earnings
News
Geospace Technologies Schedules Fourth Quarter and Fiscal Year 2023 Earnings Call
Rhea-AI Summary
Geospace Technologies (NASDAQ: GEOS) will release its fourth quarter and fiscal year 2023 financial results on November 16, 2023, after the market closes. A conference call is scheduled for November 17, 2023, at 10:00 a.m. ET (9:00 a.m. CT).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.27%
Tags
earnings
-
News
Geospace Technologies Awarded $5.7M Sensor Contract
Rhea-AI Summary
Geospace Technologies announces $5.7M contract for specialized geophones
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.17%
Tags
none
-
News
Geospace Technologies Launches Aquanaut – New Low Frequency Ocean Bottom Node
Rhea-AI Summary
Geospace Technologies announces release of Aquanaut, a new seismic acquisition product for deepwater ocean bottom recorder. Aquanaut features low frequency geophones, records continuously for up to 200 days, and offers more rapid recharging times. It has a flat pad for easy placement by ROV. Aquanaut is fully compatible with Geospace Equipment Manager (GEM) 4.0 Unified Interface. CEO anticipates enthusiasm for Aquanaut at conference.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.08%
Tags
none
News
Geospace Technologies Signs $3 Million Mariner Rental Agreement
Rhea-AI Summary
Geospace Technologies Corporation (NASDAQ: GEOS) announced a $3.2 million rental contract with Walker Marine Geophysical for 3,000 Mariner® wireless seismic data acquisition nodes. The delivery is set for Geospace’s third quarter of fiscal year 2024. Mariner is designed for shallow water seabed use, with inductive charging, data download, and a slimmer profile for space savings on survey vessels.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.49%
Tags
none
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Geospace Technologies Corp

Nasdaq:GEOS

GEOS Rankings

#3905 Ranked by Market Cap
#36 Ranked by Stock Gains
N/A Ranked by Dividends

GEOS Stock Data

174.85M
12.35M
7.28%
60.64%
1.71%
Totalizing Fluid Meter and Counting Device Manufacturing
Manufacturing
Link
United States
Houston

About GEOS

since 1980, geospace technologies corporation has been bringing innovative seismic solutions to the most demanding and diverse environments worldwide. our field-proven land and marine cableless nodal seismic acquisition systems are striking examples of this innovation. geospace technologies corporation designs, manufactures and deploys seismic instrumentation, real-time reservoir monitoring systems, wellbore solutions, marine seismic accessories, cable and umbilical systems, and thermal imaging solutions. headquartered in houston, texas, geospace technologies corporation has international offices in canada, china, russia and the uk and international manufacturing facilities in canada and russia. geospace technologies: innovative engineering and manufacturing excellence producing game changing products.