Geospace FY26 Q2 net loss widens to $11.1 million; revenue rises 9.55% to $19.7 million

Geospace Technologies Corporation

Geospace Technologies Corporation

GEOS

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  • Geospace Technologies posted fiscal Q2 revenue of USD 19.7 million, up 9.4% year over year, while net loss widened to USD 11.1 million, or USD 0.86 per share.
  • Six-month revenue fell 17.9% to USD 45.3 million, while net loss widened to USD 20.8 million, or USD 1.62 per share.
  • Energy Solutions revenue rose more than tripled to USD 9.6 million on PRM contract revenue and final Pioneer land wireless deliveries, while Smart Water revenue dropped 60.6% to USD 3.7 million on lower Hydroconn connector demand.
  • Geospace implemented a voluntary early retirement program and a roughly 20% workforce reduction, targeting about USD 12 million in annualized cost savings and about USD 1.3 million in restructuring charges across fiscal Q2 and Q3.


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