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Geospace Technologies (GEOS)

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
CEO
Walter Rick Wheeler
Employees
Incorporated
Location
Fiscal year end
Former names
OYO GEOSPACE CORP
SEC CIK
Subsidiaries
GTC, Inc. • Geospace Technologies Canada, Inc. • Geospace Engineering Resources International, Inc. • Geospace Finance Corp. • GTC Inc. • Exile Technologies Corporation • Exile Technologies Limited • Geospace J.V., Inc. • Geospace Technologies Eurasia, LLC • Geospace Technologies, Sucursal Sudamericana LLC ...
IRS number
760447780

GEOS stock data

Calendar

10 Aug 22
12 Aug 22
30 Sep 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Sep 21 Sep 20 Sep 19 Sep 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 7.57M 7.57M 7.57M 7.57M 7.57M 7.57M
Cash burn (monthly) 247.67K 1.04M 2.18M 1.66M 983K 1.08M
Cash used (since last report) 355.88K 1.5M 3.13M 2.38M 1.41M 1.55M
Cash remaining 7.21M 6.07M 4.44M 5.19M 6.16M 6.02M
Runway (months of cash) 29.1 5.8 2.0 3.1 6.3 5.6

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
17 May 22 Gary D Owens Common Stock Buy Acquire P Yes No 5.405 25,000 135.13K 199,802
17 May 22 Gary D Owens Common Stock Buy Acquire P Yes No 5.2987 50,000 264.94K 174,802
24 Feb 22 Gary D Owens Common Stock Buy Acquire P Yes No 5.4229 15,069 81.72K 124,802
23 Feb 22 Gary D Owens Common Stock Buy Acquire P Yes No 5.4098 20,751 112.26K 109,733
22 Feb 22 Gary D Owens Common Stock Buy Acquire P Yes No 5.468 13,982 76.45K 88,982
17 Feb 22 Wheeler Walter R. Common Stock Buy Acquire P No No 5 2,000 10K 138,306
58.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 43 45 -4.4%
Opened positions 8 3 +166.7%
Closed positions 10 3 +233.3%
Increased positions 11 8 +37.5%
Reduced positions 14 18 -22.2%
13F shares Current Prev Q Change
Total value 44.51M 53.88M -17.4%
Total shares 7.61M 7.91M -3.8%
Total puts 136.2K 0 NEW
Total calls 21.5K 15.8K +36.1%
Total put/call ratio 6.3
Largest owners Shares Value Change
Disciplined Growth Investors 1.51M $8.66M +0.8%
FMR 736.29K $4.23M -37.5%
Rutabaga Capital Management 731.73K $4.21M +7.9%
Dimensional Fund Advisors 614.4K $3.53M -8.2%
Vanguard 585.25K $3.37M -0.4%
Tieton Capital Management 559.91K $3.22M +1.4%
Moors & Cabot 521.93K $3M +21.4%
Heartland Advisors 350K $2.01M -30.0%
BEN Franklin Resources 321.35K $1.85M +4.2%
Bridgeway Capital Management 302.49K $1.74M -4.8%
Largest transactions Shares Bought/sold Change
FMR 736.29K -441.18K -37.5%
CS Credit Suisse 219.51K +219.51K NEW
Heartland Advisors 350K -150K -30.0%
Eagle Asset Management 119.75K +119.75K NEW
Moors & Cabot 521.93K +92.01K +21.4%
D. E. Shaw & Co. 0 -66.99K EXIT
Dimensional Fund Advisors 614.4K -54.53K -8.2%
Rutabaga Capital Management 731.73K +53.83K +7.9%
Millennium Management 53.55K -36.74K -40.7%
Marquette Asset Management 46.9K +29.23K +165.5%

Financial report summary

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Risks
  • The Ongoing COVID-19 Pandemic Has Significantly Impacted Worldwide Economic Conditions and Could Have a Material Adverse Effect on Our Operations and Business.
  • A Decrease in Oil Commodity Price Levels Is Likely to Negatively Affect Demand for Our Oil and Gas Products, Which Could Materially and Adversely Affect Our Results of Operations and Liquidity.
  • We Operate in Highly Competitive Markets and Our Competitors May Be Able to Provide Newer or Better Products Than We Are Able to Provide
  • Our Foreign Subsidiaries and Foreign Marketing Efforts Are Subject to Additional Political, Economic, Legal and Other Uncertainties Not Generally Associated with Domestic Operations
  • Increases in Tariffs, Trade Restrictions or Taxes on our Products Could Have an Adverse Impact on our Operations.
  • A Continued General Downturn in the Economy in Future Periods May Adversely Affect Our Business
  • Our New Products Require a Substantial Investment by Us in Research and Development Expense and May Not Achieve Market Acceptance
  • The Short-Term Nature of Our Order Backlog for Sales of Our Oil and Gas Products and Delayed or Canceled Customer Orders May Cause Us to Experience Fluctuations in Quarterly Results of Operations
  • Our Credit Risk Could Increase and We May Incur Bad Debt Write-Offs If Our Customers Continue to Face Difficult Economic Circumstances
  • The Industries in Which We Operate are Characterized by Rapid Technological Development and Product Obsolescence, Which May Affect Our Ability to Provide Product Enhancements or New Products on a Timely and Cost Effective Basis
  • The Limited Market for Our Oil and Gas Markets and Emerging Markets Products Can Affect Our Revenue
  • We Cannot Be Certain of the Effectiveness of Patent Protection on Our Products
  • Our Strategy of Renting Our Oil and Gas Seismic Products Exposes Us to Additional Risks Relating to Equipment Recovery, Rental Renewals, Technological Obsolescence and Impairment of Assets
  • Our Expansion into the Border and Perimeter Security Market May Not Be Successful
  • Cybersecurity Breaches and Other Disruptions of Our Information Technology Network and Systems Could Adversely Affect Our Business
  • We Rely on Key Suppliers for Certain Components Used in Our Products
  • Our Success Depends Upon a Limited Number of Key Personnel
  • We Have a Minimal Disaster Recovery Program at Our Houston Facilities
  • Our Lack of a Credit Agreement Could Impose Restrictions on Our Business
  • Reliance on Third Party Subcontractors Could Adversely Affect Our Results of Operations and Reputation
  • The High Fixed Costs of Our Operations Could Adversely Affect Our Results of Operations
  • Our Global Operations Expose Us to Risks Associated with Conducting Business Internationally, Including Failure to Comply with U.S. Laws Which Apply to International Operations, Such as the Foreign Corrupt Practices Act and U.S. Export Control Laws, as Well as the Laws of Other Countries
  • Because We Have No Plans to Pay Any Dividends for the Foreseeable Future, Investors Must Look Solely to Stock Appreciation for a Return on Their Investment in Us
  • We Have a Relatively Small Public Float, and Our Stock Price May be Volatile
  • Unfavorable Currency Exchange Rate Fluctuations Could Adversely Affect Our Results of Operations
  • Increased or Inaccurate Estimation of Contingent Earn-Out Liabilities Could Result in Increased Charge-Offs or Losses and Defaults Under Our Credit Agreement
  • Should We Fail to Maintain an Effective System of Internal Control Over Financial Reporting, We May Not Be Able to Accurately Report Our Financial Results and Prevent Material Fraud, Which Could Adversely Affect the Value of Our Common Stock
Management Discussion
  • Revenue from our Oil and Gas Markets products for fiscal year 2021 decreased $9.4 million, or 15.3%, from fiscal year 2020. Our product and rental revenue in this segment was negatively impacted by the COVID-19 pandemic and its impact on worldwide demand for crude oil.  The components of this decrease included the following:
  • Operating loss from our Oil and Gas Markets products for fiscal year 2021 was $(16.2) million, an increase of $(14.1) million from the prior fiscal year.  The increase in operating loss was primarily due to lower wireless rental revenue and related gross profits from the rental of our OBX systems driven by the continued depreciation of our rental fleet.  The increase in operating loss was partially offset by (i) the sale of the OBX rental equipment to the former lessee of the equipment, (ii) the recognition of revenue on the land-based wireless system delivered in the prior year, and (iii) lower operating expenses resulting from our fiscal year 2020 cost reduction program and other related cost reductions.  The decrease was also attributable to net non-cash adjustments of $0.9 million related to the decrease in the estimated fair value of contingent earn-out consideration related to our OptoSeis® acquisition and a $0.7 million reduction in goodwill impairment expense related to an impairment charge recorded in fiscal year 2020.

Content analysis

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H.S. junior Avg
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