Geospace Technologies's Q1 revenue falls

Geospace Technologies

04/02/2026 21:53

Overview

Technology manufacturer's Q1 revenue fell 31% yr/yr, with a net loss reported

Smart Water segment revenue declined 21% due to seasonal demand decrease

Energy Solutions segment revenue dropped 40%, impacted by lower OBX fleet utilization

Outlook

Geospace expects strong long-term demand in Smart Water due to infrastructure needs

Company anticipates growth in Intelligent Industrial segment with subscription model

Result Drivers

SEASONAL DEMAND - Smart Water segment revenue decreased due to typical seasonal deployment schedules and municipal budget cycles

OBX UTILIZATION - Energy Solutions segment revenue impacted by lower utilization of OBX rental fleet

CONTRACT MANUFACTURING - Intelligent Industrial segment offset lower sensor demand with increased contract manufacturing services

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$25.59 mln
Q1 EPS
-$0.76
Q1 Net Income
-$9.77 mln
Q1 Operating Expenses
$12.94 mln
Q1 Pretax Profit
-$9.68 mln


Press Release: ID:nBw2Bb8jba

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)