GEOS Geospace Technologies Dashboard

Geospace principally designs and manufactures seismic instruments and equipment. It markets its seismic products to the oil and gas industry to locate, characterize and monitor hydrocarbon-producing reservoirs. It also markets its seismic products to other industries for vibration monitoring, border and perimeter security and various geotechnical applications. It designs and manufacture other products of a non-seismic nature, including water meter products, imaging equipment and offshore cables.

Company profile

Ticker

GEOS

Exchange

NASDAQ

Website

www.geospace.com

CEO

Walter Rick Wheeler

Incorporated

Texas

Location

Texas

Fiscal year end

Sep 30

Sector

Manufacturing > Totalizing Fluid Meter and Counting Device Manufacturing

Industry (SIC)

Measuring & Controlling Devices, NEC

Thermo Fisher Scientific • Rockwell Automation • Trimble • Cubic • MTS Systems • Faro • Onto Innovation • Owlet • 908 Devices • Quantum-Si ...

Former names

OYO GEOSPACE CORP

SEC CIK

0001001115

Corporate docs

Articles of Incorporation & Bylaws

IRS number

760447780

GEOS stock data

S&P 500

1M 1Y 2Y 5Y

News

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Mid-Morning Market Update: Markets Open Lower; JM Smucker Posts Upbeat Q4 Profit

3 Jun 21

Following the market opening Thursday, the Dow traded down 0.28% to 34,502.44 while the NASDAQ fell 0.98% to 13,621.46. The S&P also fell, dropping 0.54% to 4,185.22.

Geospace Technologies Q2 EPS $(0.53) Down From $(0.28) YoY, Sales $23.89M Down From $25.91M YoY

6 May 21

Geospace Technologies (NASDAQ:GEOS) reported quarterly losses of $(0.53) per share. This is a 89.29 percent decrease over losses of $(0.28) per share from the same period last year. The company reported $23.89 million

Earnings Scheduled For May 6, 2021

6 May 21

Companies Reporting Before The Bell • ViacomCBS (NASDAQ:VIAC) is projected to report quarterly earnings at $1.22 per share on revenue of $7.30 billion.

Press releases

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Geospace Technologies Reports Third Quarter 2021 Results and Conference Call Schedule

21 Jul 21

Geospace Technologies (NASDAQ:GEOS) today announced that it will release third quarter 2021 financial results on Thursday, August 5, 2021 after the market closes. In conjunction with the release, Geospace has scheduled

Geospace Technologies Corporation Acquires Advanced Water IoT Technology Company Aquana, LLC

7 Jul 21

Company Expands Capabilities in Internet of Things and Smart City Products Geospace Technologies (NASDAQ:GEOS) today announced that it has acquired 100 percent of the outstanding shares of Aquana, LLC, a comprehensive

Geospace Technologies Corp. to Host Earnings Call

7 May 21

NEW YORK, NY / ACCESSWIRE / May 7, 2021 / Geospace Technologies Corp. (NASDAQ:GEOS) will be discussing their earnings results in their 2021 Second Quarter Earnings call to be held on May 7, 2021 at 10:00 AM Eastern

Geospace Technologies Reports Fiscal Year 2021 Second Quarter Results

6 May 21

Calendar

7 May 21

29 Jul 21

30 Sep 21

Financial summary

Financial statements Chart GEOS financial data

Quarter (USD)	Mar 21	Dec 20	Sep 20	Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Sep 20	Sep 19	Sep 18	Sep 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	31.25M	31.25M	31.25M	31.25M	31.25M	31.25M
Cash burn (monthly)	824.33K	(positive/no burn)	2.73M	1.36M	2.08M	(positive/no burn)
Cash used (since last report)	3.26M	n/a	10.79M	5.4M	8.24M	n/a
Cash remaining	27.98M	n/a	20.45M	25.85M	23M	n/a
Runway (months of cash)	33.9	n/a	7.5	19.0	11.1	n/a

Beta Read what these cash burn values mean

Recent insider trades

GEOS insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
4 Feb 21	Kenneth Asbury	Common Stock	Grant	Aquire A	No	No	5,000	8,030
4 Feb 21	Edgar R. JR. Giesinger	Common Stock	Grant	Aquire A	No	No	5,000	13,600
4 Feb 21	Margaret Ashworth	Common Stock	Grant	Aquire A	No	No	5,000	5,000
4 Feb 21	Richard F Miles	Common Stock	Grant	Aquire A	No	No	5,000	23,600
4 Feb 21	Langtry Tina M	Common Stock	Grant	Aquire A	No	No	5,000	17,475

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

GEOS institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

57.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	48	52	-7.7%
Opened positions	9	15	-40.0%
Closed positions	13	30	-56.7%
Increased positions	11	7	+57.1%
Reduced positions	20	25	-20.0%

13F shares	Current	Prev Q	Change
Total value	71.16M	65.75M	+8.2%
Total shares	7.67M	7.56M	+1.6%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Disciplined Growth Investors	1.36M	$12.42M	+0.4%
FMR	1.31M	$11.99M	-1.7%
Dimensional Fund Advisors	750.26K	$6.84M	-0.5%
Vanguard	643.27K	$5.87M	-13.5%
Tieton Capital Management	621.02K	$5.66M	-1.9%
Rutabaga Capital Management	412.41K	$3.76M	0.0%
Millennium Management	306.97K	$2.8M	+1.6%
Moors & Cabot	302.58K	$2.76M	+8.8%
Heartland Advisors	300K	$2.74M	NEW
BLK Blackrock	295.33K	$2.69M	-0.2%

Largest transactions	Shares	Bought/sold	Change
Heartland Advisors	300K	+300K	NEW
Victory Capital Management	219.82K	+219.82K	NEW
THB Asset Management	0	-195.19K	EXIT
Vanguard	643.27K	-100.13K	-13.5%
Diametric Capital	0	-43.29K	EXIT
Jacobs Levy Equity Management	95.97K	+39.22K	+69.1%
Bridgeway Capital Management	101.66K	+37.5K	+58.4%
Parametric Portfolio Associates	21.73K	-32.12K	-59.6%
Prelude Capital Management	0	-26.8K	EXIT
Moors & Cabot	302.58K	+24.45K	+8.8%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

ION Geophysical • MIND Technology

Management Discussion

Consolidated revenue for fiscal year 2020 was $87.8 million, a decrease of $8.0 million, or 8.3%, from fiscal year 2019. While we experienced reduced demand for most of our product categories due to the factors cited above, the decrease was primarily caused by an $8.0 million charge to (or reduction of) revenue related to the impairment of an operating lease receivable resulting from the rental of our marine seismic equipment.
Consolidated gross profit for fiscal year 2020 was $23.4 million, a decrease of $8.0 million, or 25.4%, from fiscal year 2019. The decrease in gross profit was also primarily caused by the $8.0 million charge to (or reduction of) revenue related to the impairment of an operating lease receivable resulting from the rental of our marine seismic equipment.
Consolidated operating expenses for fiscal year 2020 were $41.5 million, an increase of $4.0 million, or 10.8%, from fiscal year 2019. The increase in operating costs were primarily due to (i) a $3.2 million net non-cash increase in the estimated fair value of contingent earn-out consideration related to our Quantum and OptoSeis® acquisitions, (ii) $0.9 in personnel related termination costs associated with our workforce reduction, (iii) $0.4 million of incremental research and development costs associated with our acquisition of the OptoSeis® business in November 2018 and (iv) a $0.7 million goodwill impairment charge. These increases in operating expenses were partially offset by a $0.4 million decrease in bad debt expense.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. junior Avg

New words: accretion, altered, Beach, bore, Cocoa, composed, consummated, coupled, delivered, EBITDA, exceeding, Florida, half, increasingly, memorandum, ratio, reacquire, resume, social, strained

Removed: allocated, commenced, increasing, intensified, judgement, prolonged, single, Supplemental

From filing 10-Q 2021 Q2