Geospace Technologies Q3 revenue down 3.9%

Geospace Technologies

07/08/2025 22:38

Overview

Geospace Q3 revenue falls 3.9% yr/yr to $24.8 mln

Net income for Q3 at $760,000, a turnaround from $2.1 mln loss in 2024

Smart Water segment revenue grows 6.1% in Q3, reaching record nine-month level

Outlook

Company expects Pioneer system delivery before fiscal year-end

Geospace sees recurring revenue growth from Heartbeat Detector subscriptions

Company anticipates increased demand for Pioneer ultralight land node

Geospace aims to boost security product adoption with industry engagement

Result Drivers

SMART WATER GROWTH - Revenue from Smart Water segment increased by 6.1% in Q3, marking a record high for nine-month revenue

ENERGY SOLUTIONS CHALLENGES - Revenue decreased due to lower utilization and sales for marine ocean bottom node rental fleet

INTELLIGENT INDUSTRIAL DECLINE - Revenue fell due to completion of a government contract and lower demand for imaging products

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$24.84 mln
Q3 EPS
$0.06
Q3 Net Income
$760,000
Q3 Gross Profit
$7.54 mln
Q3 Operating Expenses
$11.79 mln
Q3 Pretax Profit
$828,000


Press Release: ID:nBw441MKTa

(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.)