GEOS Geospace Technologies

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
Website
CEO
Walter Rick Wheeler
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
OYO GEOSPACE CORP
SEC CIK
Corporate docs
IRS number
760447780
GEOS stock data
()
Calendar
4 Feb 21
13 Apr 21
30 Sep 21
Financial summary
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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 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
4 Feb 21 | Kenneth Asbury | Common Stock | Grant | Aquire A | No | No | 0 | 5,000 | 0 | 8,030 |
4 Feb 21 | Edgar R. JR. Giesinger | Common Stock | Grant | Aquire A | No | No | 0 | 5,000 | 0 | 13,600 |
4 Feb 21 | Margaret Ashworth | Common Stock | Grant | Aquire A | No | No | 0 | 5,000 | 0 | 5,000 |
4 Feb 21 | Richard F Miles | Common Stock | Grant | Aquire A | No | No | 0 | 5,000 | 0 | 23,600 |
4 Feb 21 | Langtry Tina M | Common Stock | Grant | Aquire A | No | No | 0 | 5,000 | 0 | 17,475 |
Institutional ownership Q4 2020
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 |
---|---|
Total holders | 52 |
Opened positions | 15 |
Closed positions | 30 |
Increased positions | 7 |
Reduced positions | 25 |
13F shares |
Current |
---|---|
Total value | 65.75M |
Total shares | 7.56M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|---|---|
Disciplined Growth Investors | 1.36M | $11.61M |
FMR | 1.34M | $11.44M |
Dimensional Fund Advisors | 753.82K | $6.45M |
Vanguard | 743.41K | $6.36M |
Tieton Capital Management | 632.89K | $5.42M |
Rutabaga Capital Management | 412.41K | $3.53M |
Millennium Management | 301.99K | $2.59M |
BLK Blackrock | 295.84K | $2.53M |
Moors & Cabot | 278.13K | $2.39M |
THB Asset Management | 195.19K | $1.67M |
Financial report summary
?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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New words:
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Removed:
acquiring, added, arising, assessed, August, CAD, calendar, Canadian, ceased, charge, classification, contractually, cumulative, currency, denominated, derivative, designated, eliminating, enable, established, exercise, expanding, exposure, forward, GAAP, gain, generate, hedge, hedging, Houston, invoiced, manner, measurement, method, obtained, October, offering, opening, optional, ownership, portion, qualitative, quantitative, recognizing, removed, rented, reserve, restated, routinely, scale, step, subsidiary, tender, test, testing, timely, understand, unearned, unforeseen
Financial reports
10-Q
2021 Q1
Quarterly report
4 Feb 21
10-K
2020 FY
Annual report
20 Nov 20
10-Q
2020 Q3
Quarterly report
7 Aug 20
10-Q
2020 Q2
Quarterly report
8 May 20
10-Q
2020 Q1
Quarterly report
6 Feb 20
10-K
2019 FY
Annual report
22 Nov 19
10-Q
2019 Q3
Quarterly report
9 Aug 19
10-Q
2019 Q2
Quarterly report
3 May 19
10-Q
2019 Q1
Quarterly report
6 Feb 19
10-K
2018 FY
Annual report
16 Nov 18
Current reports
8-K
Entry into a Material Definitive Agreement
29 Mar 21
8-K
Submission of Matters to a Vote of Security Holders
5 Feb 21
8-K
Geospace Technologies Reports Fiscal Year 2021 First Quarter Results
4 Feb 21
8-K
Geospace Technologies Reports First Quarter 2021 Results
22 Jan 21
8-K
Departure of Directors or Certain Officers
23 Nov 20
8-K
Results of Operations and Financial Condition
20 Nov 20
8-K
Geospace Technologies Adds Board Directors from Global Defense Contractors
12 Nov 20
8-K
Geospace Technologies Reports Fiscal Year 2020 Results
10 Nov 20
8-K
Geospace Technologies Announces Changes to the Board of Directors
11 Aug 20
8-K
Results of Operations and Financial Condition
7 Aug 20
Registration and prospectus
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-3
Shelf registration
13 Nov 11
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
424B3
Prospectus supplement
8 Aug 05
Proxies
DEF 14A
Definitive proxy
30 Dec 20
DEF 14A
Definitive proxy
6 Jan 20
DEF 14A
Definitive proxy
4 Jan 19
DEF 14A
Definitive proxy
2 Jan 18
DEF 14A
Definitive proxy
27 Dec 16
DEF 14A
Definitive proxy
22 Dec 15
DEF 14A
Definitive proxy
29 Dec 14
PRE 14A
Preliminary proxy
11 Dec 14
DEF 14A
Definitive proxy
10 Dec 13
DEF 14A
Definitive proxy
21 Jul 13
Other
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
CORRESP
Correspondence with SEC
16 Apr 14
UPLOAD
Letter from SEC
8 Apr 14
Ownership
SC 13G
GEOSPACE TECHNOLOGIES / DISCIPLINED GROWTH INVESTORS ownership change
16 Feb 21
SC 13G/A
GEOSPACE TECHNOLOGIES / DIMENSIONAL FUND ADVISORS ownership change
12 Feb 21
SC 13G/A
GEOSPACE TECHNOLOGIES / VANGUARD ownership change
9 Feb 21
SC 13G/A
GEOSPACE TECHNOLOGIES / FMR ownership change
8 Feb 21
4
GEOSPACE TECHNOLOGIES / THOMAS L DAVIS ownership change
5 Feb 21
4
GEOSPACE TECHNOLOGIES / GARY D OWENS ownership change
5 Feb 21
4
GEOSPACE TECHNOLOGIES / Richard F Miles ownership change
5 Feb 21
4
GEOSPACE TECHNOLOGIES / Tina M Langtry ownership change
5 Feb 21
4
GEOSPACE TECHNOLOGIES / Edgar R. JR. Giesinger ownership change
5 Feb 21
4
GEOSPACE TECHNOLOGIES / Margaret Ashworth ownership change
5 Feb 21
Patents
GRANT
Utility
Optical filter
21 Sep 20
A device.
APP
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.
APP
Utility
Omni-directional Geophone with 10 Hertz Natural Frequency
29 Jan 20
A geophone includes a magnet, an electrical coil assembly, and a tubular case.
Transcripts
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
2020 Q1
Earnings call transcript
6 Feb 20
2019 Q4
Earnings call transcript
22 Nov 19
2019 Q3
Earnings call transcript
10 Aug 19
2019 Q2
Earnings call transcript
4 May 19
2019 Q1
Earnings call transcript
6 Feb 19
2018 Q4
Earnings call transcript
16 Nov 18