Geospace Technologies Corporation Reports Profitable First Quarter of Fiscal Year 2024 and Highest Quarterly Revenue in Nearly Ten Years
Geospace Technologies Corporation (GEOS)
Last geospace technologies corporation earnings: 5/4 05:01 pm
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Source: Business Wire
Quarterly Earnings Strengthen by Significant Demand for Newly Released Mariner™ Seismic Data Acquisition Product HOUSTON--(BUSINESS WIRE)--Geospace Technologies Corporation (NASDAQ: GEOS) (the “Company”) today announced results for its first quarter ended December 31, 2023. For the three-months ended December 31, 2023, Geospace reported revenue of $50.0 million, a 60% increase compared to revenue of $31.1 million for the comparable year-ago quarter. Net income for the three-months ended December 31, 2023 was $12.7 million, or $0.94 per diluted share, compared to a net loss of $0.1 million, or ($0.01) per diluted share, for the quarter ended December 31, 2022.Management’s CommentsWalter R. (“Rick”) Wheeler, President and CEO of the Company said, “We’re gratified to see the first quarter of fiscal year 2024 mark our fourth straight quarter of profitability. In conjunction with an improved industry demand for products in our Oil and Gas Markets segment, our financial discipline and st
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News
- Geospace Technologies Co. (NASDAQ: GEOS) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Geospace Technologies Releases Lightweight, Long Lasting Land Seismic Data Acquisition Node [Yahoo! Finance]Yahoo! Finance
- Geospace Technologies Releases Lightweight, Long Lasting Land Seismic Data Acquisition NodeBusiness Wire
- Those who invested in Geospace Technologies (NASDAQ:GEOS) a year ago are up 106% [Yahoo! Finance]Yahoo! Finance
- Geospace Technologies Co. (NASDAQ: GEOS) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
GEOS
Sec Filings
- 2/27/24 - Form 4
- 2/26/24 - Form 4
- 2/21/24 - Form 4/A
- GEOS's page on the SEC website