Geospace reports $19.7 million revenue and $11.1 million net loss
Geospace Technologies reported $19.7 million of revenue and a net loss of $11.1 million for the quarter ended March 31, 2026.
The company outlined $12M annualized cost savings following a 20% workforce reduction.
The recent results reflect near-term market pressures but the company expects the PRM revenue curve to extend into 2027-2028.