Geospace Technologies Sells $30M in Ocean Bottom Nodes
Geospace Technologies Corporation (GEOS)
Last geospace technologies corporation earnings: 5/4 05:01 pm
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Geospace Technologies Corporation (NASDAQ: GEOS) today announced a $30 million contract with an international marine geophysical services provider for the purchase of the Company’s latest shallow water ocean bottom nodes known as Mariner™. This contract replaces the approximately $20 million contract announced in June 2023. Delivery of the Mariner products is complete, and revenue will be recognized in the first quarter of the fiscal year 2024.“The marine survey activity we are observing through our customers is highly encouraging for us, especially in light of the recent releases of our advanced ocean bottom node products - Mariner™ and Aquanaut™,” said Walter R. Wheeler, President and CEO, Geospace Technologies. “As a manufacturing-centric company, we’re always pleased when a customer purchases our products. While the consolidation of our Houston operation allowed us to significantly lower costs and streamline our equipment rental operations, we are sti
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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
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- 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