Geospace Technologies Reports Fiscal Year 2018 First Quarter Results
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 (NASDAQ: GEOS) today announced a net loss of $9.5 million, or $0.72 per diluted share, on revenue of $14.6 million for its first quarter ended December 31, 2017. This compares with a net loss of $11.7 million, or $0.89 per diluted share, on revenue of $15.3 million for the prior year. Walter R. ("Rick") Wheeler, President and CEO of Geospace Technologies, said, "Our first quarter revenue of $14.6 million represents a decrease of 4% from last year’s first quarter. Notwithstanding a $3.8 million reduction in rental revenue and a $0.3 million portion of termination costs included in our cost of goods sold, we experienced an improvement in our first quarter gross profit margins. The improvement over last year primarily resulted from the sale of 14,000 single-channel GSX stations from our rental fleet to an international seismic contractor and a $2.7 million re
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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