Quarterly ResultAug 7, 2026, 11:53 AM
Geospace 9-Month Net Loss $(30.52)M; Revenue Down 23.6%
AI Summary
Geospace Technologies reported a significant widening of its net loss for the nine months ended June 30, 2026, to $(30.52) million, compared to a loss of $(0.66) million in the prior year. Total revenue for the nine-month period also declined by 23.6% to $61.13 million. The company experienced a substantial decrease in cash and cash equivalents, falling to $2.83 million from $26.34 million, and total assets decreased to $125.13 million from $153.04 million.
Key Highlights
- Net loss for the nine months ended June 30, 2026, was $(30.52) million, compared to $(0.66) million in the prior year.
- Total revenue for the nine months decreased by 23.6% to $61.13 million from $80.09 million year-over-year.
- Net loss for the three months ended June 30, 2026, was $(9.71) million, compared to a net income of $0.76 million in the prior year.
- Cash and cash equivalents decreased to $2.83 million at June 30, 2026, from $26.34 million at September 30, 2025.
- Total assets declined to $125.13 million at June 30, 2026, from $153.04 million at September 30, 2025.
- Net cash used in operating activities increased to $(27.35) million for the nine months, from $(18.13) million.
- Smart Water segment revenue for nine months decreased to $14.11 million from $27.28 million.
- Energy Solutions segment revenue for nine months decreased to $27.94 million from $29.84 million.
Price Impact
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