Geospace Technologies Signs $11.9 Million OBX Rental Agreement
Geospace Technologies Corporation (GEOS)
Last geospace technologies corporation earnings: 5/4 05:01 pm
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Geospace Technologies Corporation (NASDAQ: GEOS) today announced a 240-day rental contract with a worldwide leading geophysical solution provider who will rent OBX-750E, shallow water seabed wireless seismic data acquisition nodes. Based on current contract terms, the minimum value of the agreement is $11.9 million. The delivery of OBX nodes will occur in Geospace’s fourth quarter of fiscal year 2024.“We are gratified to see the proven technology of the OBX-750E continuing to provide our seismic survey customers the ability to acquire high quality data for their clients,” said Walter R. Wheeler, President and CEO, Geospace Technologies. “In today’s competitive ocean bottom node market, companies must push the boundaries of timely and cost-effective seismic surveys. By partnering with Geospace, our longtime customers know they will perform reliable and precise surveys at the lowest investment and operational cost with a trusted degree of accuracy.”The OBX-
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- Geospace Technologies Awarded $7.6 Million Purchase Contract To Deliver Mariner Ocean Bottom Nodes [Yahoo! Finance]Yahoo! Finance
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- GEOS Stock Declines Despite Q1 Earnings Uptick Y/Y, Gross Margin Down [Yahoo! Finance]Yahoo! Finance
- Geospace Technologies Reports Profitable First Quarter for Fiscal Year 2025 [Yahoo! Finance]Yahoo! Finance
- Geospace Technologies Reports Profitable First Quarter for Fiscal Year 2025Business Wire
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- 2/14/25 - Form SCHEDULE
- 2/11/25 - Form SCHEDULE
- 2/7/25 - Form 4
- GEOS's page on the SEC website