GEOS earnings analysis
What we found in GEOS's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Geospace Technologies reported $15.804 million of quarterly revenue and $(0.75) of EPS. Revenue fell approximately 21% sequentially and 37% year over year, while EPS improved from $(0.86) in the prior quarter but deteriorated from $0.06 a year earlier. The provided filing excerpt does not include the financial statements, MD&A, cash-flow details, segment disclosures, or updated Item 1A risk factors, so margin, free-cash-flow, balance-sheet, segment, and quantitative-guidance conclusions are limited.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue declined sequentially and year over year
- Quarterly revenue was $15.804 million, down from $20.0 million in 2026Q2 and $25.0 million in 2025Q3, representing sequential and year-over-year declines of approximately 21% and 37%, respectively.
- EPS improved sequentially but fell year over year
- Reported EPS was $(0.75), an improvement from $(0.86) in 2026Q2 but materially below the $0.06 reported in 2025Q3.
- Disclosure controls deemed effective
- Management concluded that disclosure controls and procedures were effective as of June 30, 2026.
- No material internal-control changes
- The filing states there were no changes during the quarter ended June 30, 2026 that materially affected, or were reasonably likely to materially affect, internal control over financial reporting.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Persistent revenue contraction
- Revenue declined to $15.804 million from $20.0 million in 2026Q2 and $25.0 million in 2025Q3, increasing operating-risk pressure while EPS remained negative at $(0.75).
- Limited market-risk disclosure
- Under Item 3, the company identifies itself as a smaller reporting company and states it is not required to provide market-risk disclosures under Item 305(e) of Regulation S-K, limiting visibility into quantified market exposures.
- Residual disclosure-control risk
- Although controls were assessed as effective as of June 30, 2026, the filing states there can be no assurance that the controls will detect or uncover all failures to report material information.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.75
What they said about what is next.
No quantitative revenue or EPS outlook is included in the provided filing text. The excerpt contains no MD&A outlook, liquidity outlook, or capital-spending forecast.
The filing reads worse than the one before it.
What came before.
- 10-Q · May 8, 2026
- Geospace Technologies reported Q2 FY2026 results showing a revenue increase of 9.5% year-over-year to $19.7 million, but an EPS of -$0.86 missed consensus estimates. The company cited significant growth in the Energy…
- 10-Q · February 12, 2026
- Geospace reported Q1 fiscal 2026 revenue of $25,586,000 and a net loss of $9,765,000 (diluted EPS $(0.76)), down sharply versus the year-ago quarter. Revenue declined 31.3% year-over-year and gross margin compressed to…
- 10-Q · February 6, 2025
- Geospace reported revenue of $37.223M for the quarter ended December 31, 2024, down $12.809M (25.6%) year-over-year but up $2.223M (6.3%) sequentially. Gross margin expanded to 54.1% (gross profit $20.149M) driving…
- 10-Q · August 9, 2024
- Geospace reported Q3 revenue of $25,858 (three months ended June 30, 2024) and a GAAP net loss of $2,070 (diluted EPS $(0.16)). Revenue declined year-over-year, driven by a sharp drop in rental revenue, while product…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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