Quarterly ResultMay 8, 2026, 02:02 PM
Geospace Q2 Net Loss $(11.05)M; Revenue $19.74M
AI Summary
Geospace Technologies reported a significant increase in net loss for the second quarter and first half of fiscal year 2026. For the three months ended March 31, 2026, net loss widened to $(11.05) million from $(9.80) million year-over-year, despite a slight increase in total revenue to $19.74 million. The six-month period saw an even sharper decline, with net loss reaching $(20.81) million on total revenue of $45.33 million, down from $55.25 million in the prior year. The company's cash and cash equivalents also decreased by nearly 50% since September 30, 2025.
Key Highlights
- Q2 2026 Net Loss: $(11.05) million, up from $(9.80) million in Q2 2025.
- Q2 2026 Total Revenue: $19.74 million, a 9.5% increase from $18.02 million in Q2 2025.
- H1 2026 Net Loss: $(20.81) million, significantly higher than $(1.42) million in H1 2025.
- H1 2026 Total Revenue: $45.33 million, a 17.9% decrease from $55.25 million in H1 2025.
- Cash and cash equivalents decreased to $13.36 million from $26.34 million since Sep 30, 2025.
- Q2 Energy Solutions product revenue increased to $8.98 million from $3.40 million.
- Q2 Smart Water product revenue decreased to $3.73 million from $9.47 million.
- Q2 Gross Profit: $0.69 million, down 60.3% from $1.75 million in Q2 2025.
Price Impact
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