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Geospace Technologies (GEOS)
NASDAQ:GEOS
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 21, 2024
|% Change Since: -26.80%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While Geospace Technologies achieved record revenue and maintained a strong cash position, the company faced significant noncash charges that resulted in a net loss for the year. Growth was evident in the Industrial Products segment and international sales, yet challenges persisted with the divestiture of the Russian entity and decreased demand in the Oil and Gas segment.Company Guidance
In the Geospace Technologies Q4 2024 earnings call, the company reported a record $135.6 million in annual revenue, marking the highest figure in a decade, despite ending the year with a net loss of $6.5 million due to $17.3 million in noncash charges primarily linked to divesting its Russian entity. Excluding these charges, the adjusted net income was $10.7 million. The oil and gas segment contributed $77.5 million in revenue over twelve months, while the industrial products segment saw a 91% increase in Q4 revenue, largely driven by its Hydroconn smart water cables. The company maintained a strong balance sheet with $37.1 million in cash and short-term investments, alongside zero debt. Looking ahead, Geospace Technologies plans to reorganize its reporting into three new business segments: Smart Water, Energy Solutions, and Intelligent Industrial.Record Revenue
Geospace Technologies reported annual revenue of $135.6 million, the highest in 10 years, marking an increase from the previous year's $124.5 million.
Strong Cash Position
The company ended the fiscal year with zero debt and $37.1 million in cash and short-term investments.
Growth in Industrial Products
Industrial Products revenue increased by 91% in Q4 2024 compared to Q4 2023, driven by record-high sales of Hydroconn water meter cables and connector product lines.
Successful International Sales
Achieved first successful international sale of Aquana products, contributing to traction in smart water markets.
Inclusion in Russell Indexes
Geospace Technologies was added to the Russell 2000, Russell 3000, and Russell Microcap Indexes.
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GEOS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GEOS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 21, 2024 | $13.62 | $11.27 | -17.25% |
| Aug 08, 2024 | $8.37 | $8.34 | -0.36% |
| May 09, 2024 | $13.63 | $10.44 | -23.40% |
| Feb 07, 2024 | $15.68 | $14.22 | -9.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Geospace Technologies (GEOS) report earnings?
Geospace Technologies (GEOS) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Geospace Technologies (GEOS) earnings time?
Geospace Technologies (GEOS) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GEOS EPS forecast?
Currently, no data Available
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