GEOS Geospace Technologies Dashboard

Geospace Technologies Corp. designs and manufactures instruments and equipment used in the oil and gas industry for acquisition and processing of seismic data. It operates through the following business segments: Oil &Gas Markets, Adjacent Markets and Emerging Markets. The Oil & Gas Markets segments products include wireless seismic data acquisition systems, reservoir characterization products and services, and traditional seismic exploration products such as geophones, hydrophones, leader wire, connectors, cables, marine streamer retrieval and steering devices and various other seismic products. The Adjacent Markets segment leverage upon existing manufacturing facilities and engineering capabilities. The Emerging Markets segment consists of recent acquisition of Quantum. The company was founded in 1980 and is headquartered in Houston, TX.

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

Rockwell Automation • Thermo Fisher Scientific • Trimble • Cubic • MTS Systems • Faro • Sandbridge Acquisition • Onto Innovation • HighCape Capital Acquisition • Image Sensing Systems ...

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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Geospace Technologies Q1 EPS $(0.08) Up From $(0.10) YoY

3 Feb 21

Geospace Technologies (NASDAQ:GEOS) reported quarterly losses of $(0.08) per share. This is a 20 percent increase over losses of $(0.10) per share from the same period last year.

Earnings Scheduled For February 3, 2021

3 Feb 21

Companies Reporting Before The Bell • Bank Bradesco (NYSE:BBD) is likely to report quarterly earnings at $0.11 per share on revenue of $4.81 billion.

Press releases

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Geospace Technologies Corp. to Host Earnings Call

4 Feb 21

NEW YORK, NY / ACCESSWIRE / February 4, 2021 / Geospace Technologies Corp. (NASDAQ:GEOS) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on February 4, 2021 at 10:00 AM

Geospace Technologies Reports Fiscal Year 2021 First Quarter Results

3 Feb 21

Geospace Technologies (NASDAQ:GEOS) today announced its highest first quarter earnings in seven years, narrowing its net loss to $1.1 million, or $(0.08) per diluted share, on revenue of $28.5 million for its first

Geospace Technologies Reports First Quarter 2021 Results and Conference Call Schedule

22 Jan 21

Geospace Technologies (NASDAQ:GEOS) today announced that it will release first quarter 2021 financial results on Wednesday, February 3, 2021 after the market closes. In conjunction with the release, Geospace has

Calendar

4 Feb 21

13 Apr 21

30 Sep 21

Financial summary

Financial statements Chart GEOS financial data

Quarter (USD)	Dec 20	Sep 20	Jun 20	Mar 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)	33.72M	33.72M	33.72M	33.72M	33.72M	33.72M
Cash burn (monthly)	(positive/no burn)	(positive/no burn)	486.33K	972.92K	(positive/no burn)	(positive/no burn)
Cash used (since last report)	n/a	n/a	1.68M	3.35M	n/a	n/a
Cash remaining	n/a	n/a	32.04M	30.37M	n/a	n/a
Runway (months of cash)	n/a	n/a	65.9	31.2	n/a	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 Q4 2020

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.

55.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	52	67	-22.4%
Opened positions	15	5	+200.0%
Closed positions	30	14	+114.3%
Increased positions	7	23	-69.6%
Reduced positions	25	23	+8.7%

13F shares	Current	Prev Q	Change
Total value	65.75M	50.08M	+31.3%
Total shares	7.56M	8.1M	-6.8%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Disciplined Growth Investors	1.36M	$11.61M	+72.3%
FMR	1.34M	$11.44M	-0.0%
Dimensional Fund Advisors	753.82K	$6.45M	-2.3%
Vanguard	743.41K	$6.36M	-18.3%
Tieton Capital Management	632.89K	$5.42M	+37.2%
Rutabaga Capital Management	412.41K	$3.53M	0.0%
Millennium Management	301.99K	$2.59M	NEW
BLK Blackrock	295.84K	$2.53M	-77.9%
Moors & Cabot	278.13K	$2.39M	+54.0%
THB Asset Management	195.19K	$1.67M	NEW

Largest transactions	Shares	Bought/sold	Change
BLK Blackrock	295.84K	-1.05M	-77.9%
Disciplined Growth Investors	1.36M	+569.51K	+72.3%
Millennium Management	301.99K	+301.99K	NEW
THB Asset Management	195.19K	+195.19K	NEW
Tieton Capital Management	632.89K	+171.6K	+37.2%
Vanguard	743.41K	-166.94K	-18.3%
STT State Street	14K	-138.11K	-90.8%
PFG Principal Financial Group Inc - Registered Shares	0	-97.74K	EXIT
Moors & Cabot	278.13K	+97.58K	+54.0%
D. E. Shaw & Co.	89.55K	+89.55K	NEW

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

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Litigous
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From filing 10-Q 2021 Q1