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Stock impact report

Geospace Technologies Reports Fourth Quarter and Fiscal Year 2024 Results

Geospace Technologies Corporation (GEOS) 
Last geospace technologies corporation earnings: 5/4 05:01 pm Check Earnings Report
US:NASDAQ Investor Relations: geospace.com/investor-relations
Company Research Source: Business Wire
Company’s Hydroconn Smart Water Connector Cable Reports Record Setting Year HOUSTON--(BUSINESS WIRE)--Geospace Technologies Corporation (NASDAQ: GEOS) (“the “Company") today announced a net loss of $6.6 million after fourth quarter non-cash charges of $17.3 million on revenue of $135.6 million, for its fiscal year ended September 30, 2024. This compares with net income of $12.2 million on revenue of $124.5 million for the comparable year-ago period. Excluding the non-cash charges, fiscal year 2024 adjusted net income is $10.7 million. This compares with adjusted net income of $12.2 million for the comparable year-ago period.For the fourth quarter ended September 30, 2024, the Company reported a net loss of $12.9 on revenue of $35.4 million. This compares with net income of $4.4 million on revenue of $29.3 million for the comparable year-ago period. Excluding the non-cash charges, adjusted net income is $4.4 million for the fourth quarter ended September 30, 2024. This compares with Show less Read more
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