Brief: Geospace Technologies Reports Q1 Loss Per Share $0.10

Geospace Technologies

05/02/2020 22:02

Feb 5 (Reuters) - Geospace Technologies Corp  GEOS.O :
    * GEOSPACE TECHNOLOGIES REPORTS FISCAL YEAR 2020 FIRST
QUARTER
RESULTS
    * Q1 LOSS PER SHARE $0.10
    * Q1 REVENUE $25.7 MILLION
    * GEOSPACE TECHNOLOGIES - INCREASED DEMAND FOR OCEAN-BOTTOM
MARINE
NODAL RECORDING SYSTEMS FUELED Q1 RESULTS
    * GEOSPACE TECHNOLOGIES -IN ACTIVE TALKS WITH NEW, EXISTING
CUSTOMERS TO EXTEND CURRENT RENTAL CONTRACTS, EXECUTE FUTURE
RENTAL CONTRACTS FOR OBX STATIONS
    * GEOSPACE TECHNOLOGIES -WITHIN OIL, GAS MARKET UNIT,
TRADITIONAL
EXPLORATION,  RESERVOIR SEISMIC PRODUCTS REMAIN EXTREMELY
CHALLENGED BY VERY LOW DEMAND

Source text for Eikon:  ID:nBw28lLHza 
Further company coverage:  GEOS.O 

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