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
Website
CEO
Walter Rick Wheeler
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Thermo Fisher Scientific • Rockwell Automation • Trimble • Cubic • MTS Systems • Faro • Onto Innovation • Owlet • 908 Devices • Autoscope Technologies ...
Former names
OYO GEOSPACE CORP
SEC CIK
Corporate docs
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
News
Geospace Technologies Q3 EPS $(0.51) Down From $(0.06) YoY, Sales $20.69M Down From $23.08M YoY
9 Aug 22
Geospace Technologies Secures Long-Term Ocean Bottom Node Rental Contract With Estimated Value Of $12M
20 Jul 22
Stocks That Hit 52-Week Lows On Monday
11 Jul 22
Stocks That Hit 52-Week Lows On Friday
8 Jul 22
Stocks That Hit 52-Week Lows On Thursday
7 Jul 22
Press releases
Geospace Technologies Reports Fiscal Year 2022 Third Quarter Results
9 Aug 22
Geospace Technologies Schedules Third Quarter 2022 Earnings Call
5 Aug 22
Geospace Technologies Secures Long-Term Ocean Bottom Node Rental Contract With Estimated Value Of $12M
20 Jul 22
Geospace Technologies Awarded $4M Shallow Water Ocean Bottom Node Rental Contract
12 Jul 22
Calendar
10 Aug 22
12 Aug 22
30 Sep 22
Financial summary
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Annual (USD) | Sep 21 | Sep 20 | Sep 19 | Sep 18 | |
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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 |
Recent insider trades
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 |
Institutional ownership, Q1 2022
58.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 43 |
Opened positions | 8 |
Closed positions | 10 |
Increased positions | 11 |
Reduced positions | 14 |
13F shares | Current |
---|---|
Total value | 44.51M |
Total shares | 7.61M |
Total puts | 136.2K |
Total calls | 21.5K |
Total put/call ratio | 6.3 |
Largest owners | Shares | Value |
---|---|---|
Disciplined Growth Investors | 1.51M | $8.66M |
FMR | 736.29K | $4.23M |
Rutabaga Capital Management | 731.73K | $4.21M |
Dimensional Fund Advisors | 614.4K | $3.53M |
Vanguard | 585.25K | $3.37M |
Tieton Capital Management | 559.91K | $3.22M |
Moors & Cabot | 521.93K | $3M |
Heartland Advisors | 350K | $2.01M |
BEN Franklin Resources | 321.35K | $1.85M |
Bridgeway Capital Management | 302.49K | $1.74M |
Financial report summary
?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
?Positive | ||
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Legalese | ||
Litigous | ||
Readability |
H.S. junior Avg
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New words:
addressing, arising, CAA, cap, clean, committed, compliant, cooperating, costly, danger, debate, desire, DOT, emission, EPA, fossil, fuel, GHG, Glasgow, greenhouse, infrastructure, internationally, introduced, issuance, justice, launched, legislation, liquified, litigation, local, methane, midcentury, moratorium, Pact, physical, pipeline, primary, priority, progression, promulgated, reconsideration, reconstructed, regulatory, scheduled, scientific, stationary, stringent, threat, tracking, unlikelihood
Removed:
abroad, announced, cancellation, difficulty, domestically, face, filing, NaN, outbreak, salespeople, traveling
Financial reports
Current reports
8-K
Geospace Technologies Reports Fiscal Year 2022 Third Quarter Results
10 Aug 22
8-K
Geospace Technologies Schedules Third Quarter 2022 Earnings Call
9 Aug 22
8-K
Geospace Technologies Reports Fiscal Year 2022 Second Quarter Results
12 May 22
8-K
Entry into a Material Definitive Agreement
10 May 22
8-K
Geospace Technologies Schedules Second Quarter 2022 Earnings Call
28 Apr 22
8-K
Geospace Technologies Reports Fiscal Year 2022 First Quarter Results
2 Feb 22
8-K
Other Events
20 Jan 22
8-K
Geospace Technologies Reports Fourth Quarter and Fiscal Year 2021 Results
19 Nov 21
8-K
Other Events
4 Nov 21
8-K
Geospace Technologies Reports Fiscal Year 2021 Third Quarter Results
6 Aug 21
Registration and prospectus
S-8
Registration of securities for employees
26 Aug 21
S-8
Registration of securities for employees
20 May 14
424B1
Prospectus with pricing info
15 Feb 12
FWP
Free writing prospectus
13 Feb 12
424B4
Prospectus supplement with pricing info
12 Feb 12
S-8 POS
Registration of securities for employees (post-effective amendment)
22 May 07
424B1
Prospectus with pricing info
23 Mar 06
S-3/A
Shelf registration (amended)
20 Mar 06
S-3
Shelf registration
27 Feb 06
Other
SD
Conflict minerals disclosure
19 May 22
SD
Conflict minerals disclosure
24 May 21
SD
Conflict minerals disclosure
18 May 20
SD
Conflict minerals disclosure
24 May 19
SD
Conflict minerals disclosure
22 May 18
SD
Conflict minerals disclosure
10 May 17
SD
Conflict minerals disclosure
19 May 16
SD
Conflict minerals disclosure
19 May 15
SD
Conflict minerals disclosure
1 Jun 14
UPLOAD
Letter from SEC
5 May 14
Ownership
4
GEOSPACE TECHNOLOGIES / GARY D OWENS ownership change
19 May 22
SC 13G/A
GEOSPACE TECHNOLOGIES / FMR ownership change
10 May 22
4
GEOSPACE TECHNOLOGIES / GARY D OWENS ownership change
28 Feb 22
4
GEOSPACE TECHNOLOGIES / GARY D OWENS ownership change
25 Feb 22
4
GEOSPACE TECHNOLOGIES / GARY D OWENS ownership change
24 Feb 22
4
GEOSPACE TECHNOLOGIES / Walter R. Wheeler ownership change
17 Feb 22
SC 13G/A
GEOSPACE TECHNOLOGIES / DISCIPLINED GROWTH INVESTORS ownership change
14 Feb 22
SC 13G/A
GEOSPACE TECHNOLOGIES / VANGUARD ownership change
10 Feb 22
SC 13G/A
GEOSPACE TECHNOLOGIES / FMR ownership change
9 Feb 22
SC 13G
GEOSPACE TECHNOLOGIES / RUTABAGA CAPITAL MANAGEMENT ownership change
8 Feb 22
Patents
Utility
Fiber optic sensor and system including a fiber of an optical cable as a sensor fiber
3 May 22
A fiber optic cable includes a plurality of optical fibers and an optical sensor.
Utility
Systems and methods for seismic data acquisition
1 Mar 22
A seismic data acquisition unit includes circuitry to detect and digitize a seismic signal, and timing circuitry to control a time of acquisition of each sample of the seismic signal.
Utility
Inertial Flux Compression High Magnetic Field Generator
26 Aug 21
This invention provides for means to create a long duration high magnetic field pulse.
Utility
Optical filter
21 Sep 20
A device.
Utility
Fiber Optic Sensor and System Including a Fiber of an Optical Cable As a Sensor Fiber
4 Mar 20
A fiber optic cable includes a plurality of optical fibers and an optical sensor.
Transcripts
2022 Q3
Earnings call transcript
11 Aug 22
2022 Q2
Earnings call transcript
12 May 22
2022 Q1
Earnings call transcript
2 Feb 22
2021 Q4
Earnings call transcript
19 Nov 21
2021 Q3
Earnings call transcript
8 Aug 21
2021 Q2
Earnings call transcript
9 May 21
2021 Q1
Earnings call transcript
4 Feb 21
2020 Q4
Earnings call transcript
20 Nov 20
2020 Q3
Earnings call transcript
8 Aug 20
2020 Q1
Earnings call transcript
8 May 20
Reddit threads
Daily Discussion Thread - August 3rd, 2022
3 Aug 22
Daily Discussion Thread - May 11th, 2022
11 May 22
Daily Discussion Thread - May 10th, 2022
10 May 22
Daily Discussion Thread - May 9th, 2022
9 May 22
Daily Discussion Thread - February 1st, 2022
1 Feb 22
Daily Discussion Thread - January 31st, 2022
31 Jan 22
Daily Discussion Thread - November 18th, 2021
18 Nov 21
Daily Discussion Thread - November 17th, 2021
17 Nov 21
Daily Discussion Thread - November 16th, 2021
16 Nov 21
Daily Discussion Thread - November 15th, 2021
15 Nov 21