Geospace Technologies (GEOS) Reports Q1 EPS of $0.65

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Go back to Geospace Technologies (GEOS) Reports Q1 EPS of $0.65

Geospace Technologies Reports Profitable First Quarter for Fiscal Year 2025

February 5, 2025 4:35 PM EST

HOUSTON--(BUSINESS WIRE)-- Geospace Technologies Corporation (NASDAQ: GEOS) (the Company") today announced results for its first quarter ended December 31, 2024. For the three-months ended December 31, 2024, Geospace reported revenue of $37.2 million compared to revenue of $50.0 million for the comparable year-ago quarter. Net income for the three-months ended December 31, 2024, was $8.4 million, or $0.65 per diluted share, compared to $12.7 million, or $0.94 per diluted share, for the quarter ended December 31, 2024.

Managements Comments

Richard J. (Rich) Kelley, President and CEO of Geospace Technologies said, Our companywide focus on driving profitability through strategic decisions continues to yield positive results. We... More