Geospace Technologies Corporation
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About the company
Geospace Technologies Corporation, founded in Houston, Texas, in 1980, specializes in the development and manufacturing of cutting-edge instruments and equipment. Its primary focus is on supporting the oil and gas industry by providing tools designed to acquire seismic data, which is essential for the precise location, characterization, and ongoing monitoring of hydrocarbon-producing reservoirs. The company organizes its operations across three distinct segments: Oil and Gas Markets: This division delivers advanced wireless seismic data acquisition systems and comprehensive reservoir characterization products and services.
- CEO
- Richard James Kelley
- IPO
- 1997
- Employees
- 519
- HQ
- Houston, TX, US
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- Market Cap
- $68.82M
- P/E
- -1.73
- PEG
- 0.01
- P/S
- 0.75
- P/B
- 0.72
- EV/EBITDA
- -2.33
- Div Yield
- 0.00%
- Gross Margin
- 8.00%
- Op Margin
- -44.70%
- Net Margin
- -43.10%
- ROE
- -35.80%
- ROIC
- -42.18%
Latest fiscal year · YoY change
- Revenue
- $110.80M-18.3%
- Gross Profit
- $32.90M-37.4%
- Op Income
- $-11,284,000
- Net Income
- $-9,724,000-47.8%
- EPS
- $-0.76-52.0%
- OCF Growth
- -144.8%
- FCF Growth
- -133.4%
- 52W High
- $29.89
- 52W Low
- $5.05
- 50D MA
- $6.76
- 200D MA
- $11.95
- Beta
- 0.20
- RSI (14)
- 36
- Avg Volume
- 144.09K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Geospace posted a wider loss on lower revenue across all segments, but said PRM and Navy contracts and a new Smart Water product support future opportunities.· August 7, 2026
- Q3 revenue fell to $15.8 million from $24.8 million a year ago, while net loss widened to $9.7 million, or $0.75 per diluted share.
- Smart Water revenue dropped 56% to $4.6 million as Hydroconn orders weakened, though Geospace launched the Series V connector to improve its product lineup.
- Energy Solutions revenue declined 28% to $5.9 million, but the company said its PRM contract is now in full production after customer-driven scope changes.
- Intelligent Industrial revenue was down 14% to $5.2 million, but management highlighted growth potential in its security portfolio and a new $10.8 million Navy contract.
- Management did not give revenue or earnings guidance, but said it is managing cash closely and expects to bridge to the next Petrobras milestone payment with its credit facility.
For the third quarter ended June 30, 2026, Geospace reported revenue of $15.8 million versus $24.8 million a year ago, and a net loss of $9.7 million, or $0.75 per diluted share, compared with net income of $800,000, or $0.06 per diluted share, last year. For the first nine months of fiscal 2026, revenue was $61.1 million versus $80.1 million, and net loss was $30.5 million, or $2.37 per diluted share, versus a $700,000 loss, or $0.05 per diluted share, a year ago. By segment, Q3 Smart Water revenue was $4.6 million, down 56%; Energy Solutions revenue was $5.9 million, down 28%; and Intelligent Industrial revenue was $5.2 million, down 14%. Management said it would not provide specific revenue or earnings guidance, but expects revenue recognition on the Navy contract in fiscal 2027 and completion in fiscal 2028, while the PRM contract is now expected to run through about fiscal Q3 to Q4 of fiscal 2027.
Rich Kelley said the quarter reflected tough market conditions, including geopolitical uncertainty, project timing, lower sales volumes and customer access to capital, as well as margin pressure from mix, inflation, raw materials and component availability. He emphasized that Geospace is using cost reductions and manufacturing productivity improvements to offset some of the pressure, and he framed the company as well positioned over the long term because of its diversified, technology-driven portfolio. He also highlighted strategic progress in Smart Water with the Series V connector, the Navy award through Quantum Technology Sciences, and the fact that the PRM contract has moved into full production.
Robert Curda quantified the quarter’s decline and said Q3 revenue was $15.8 million, down from $24.8 million, with a net loss of $9.7 million versus net income of $800,000 last year. He noted nine-month revenue of $61.1 million versus $80.1 million and a nine-month net loss of $30.5 million versus a $700,000 loss last year. He also said operating expenses fell by $1.2 million in the quarter and $400,000 over nine months, cash investment in plant and equipment was $3.3 million for the nine-month period, and the company ended the quarter with $25 million of available borrowings plus $41 million of working capital, including $17 million of trade accounts and financing receivables. On cash, he said the company is managing spending closely and expects its bank facility to help it reach the next Petrobras milestone payment.
Analysts focused on the PRM contract delay, asking whether the customer’s engineering changes altered the economics or competitive position. Management said there was no financial impact, the total contract value is unchanged, and the issue was only a quarter timing shift tied to layout changes and rerouting sensors and cables. They also asked about the next PRM opportunity and Petrobras; management said Petrobras still views PRM as part of its long-term strategy, but no new proposal timing is firm. On the Navy contract, management said it is an SBIR project combining Quantum SADAR and Geospace PRM technology, with revenue recognized over time in fiscal 2027 and completion in fiscal 2028, and that it is more of a proof that Geospace can meet technical expectations before any larger-scale follow-on.
The bullish case from the call is that several revenue drivers may improve over time: the Series V connector broadens the Smart Water offering, the Navy contract creates a new funded opportunity, and management said the heartbeat detector program is ahead of plan with a customer pipeline already forming. They also said the PRM contract remains intact in value and is now in production, which could support revenue recognition into fiscal 2027.
The main downside is that current demand remains weak across the portfolio, with revenue down in all three segments and margins pressured by inflation, raw materials, component availability and product mix. Management also said there is no firm calendar for the next PRM award, Smart Water is still suffering from lower Hydroconn demand, and cash burn is a live concern that prompted an emphasis on expense control and reliance on the credit facility.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 97.0%
- Shares Outstanding
- 12.94M
- Float Shares
- 12.55M
of shares held by institutions
89 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Tieton Capital Management, LLC | 907.26K | ▼ 4.85K |
| Grace & White Inc /Ny | 673.24K | ▲ 200.03K |
| Vanguard Group Inc | 648.22K | ▲ 13.76K |
| Vanguard Capital Management LLC | 515.07K | ▼ 61.97K |
| Dimensional Fund Advisors LP | 392.42K | ▼ 98.59K |
| Marshall Wace, Llp | 301.92K | ▲ 113.11K |
| Blackrock, Inc. | 231.76K | ▲ 6.20K |
| Us Bancorp \De\ | 212.77K | ▲ 85.63K |
| Sei Investments Co | 199.37K | ▼ 211.54K |
| Geode Capital Management, LLC | 164.18K | ▲ 12.03K |
| State Street Corp | 163.07K | ▲ 26.22K |
| De Lisle Partners Llp | 147.13K | 0 |
Held by 37 ETFs
Biggest fund positions in GEOS by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Feb 9, 25 | Wheeler Walter R. | other | 3,500 |
| Feb 9, 26 | Miles Richard F | other | 3,500 |
| Feb 9, 26 | DAVIS THOMAS L | other | 3,500 |
| Feb 9, 26 | Giesinger Edgar R. JR. | other | 3,500 |
| Feb 9, 25 | Ashworth Margaret | other | 3,500 |
| Feb 9, 25 | JUMPER STEPHEN C | other | 3,500 |
| Dec 2, 25 | Bushey Ronald Todd | other | 275 |
| Dec 5, 25 | Kelley Richard James | other | 275 |
| Dec 5, 25 | Curda Robert L. | other | 165 |
| Nov 25, 25 | Bushey Ronald Todd | other | 4,000 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our GEOS coverage
Recent articles, reports, and earnings notes.
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