Geospace Stock Skyrockets After Major Petrobras Contract Geospace Technologies (NASDAQ:GEOS) reported second-quarter fiscal 2026 revenue of $19.7 million and a net loss of $11.1 million, as the company navigated what executives described as near-term market pressure while…
ntinuing efforts to diversify beyond its traditional oil and gas exposure. On the company’s earnings call, President and CEO Richard Kelley said the quarter included “encouraging signs through new contract wins and expanding opportunities,” highlighting early revenue recognition from a Permanent Reservoir Monitoring (PRM) project, ongoing progress in recurring revenue initiatives such as the Heartbeat Detector subscription model, and efforts to expand contract manufacturing and “white label” opportunities in Smart Water
Quarterly results and balance sheet – 3 Stocks For the Resurgent Energy Rally Chief Financial Officer Robert Curda said Geospace ended the March 31 quarter with revenue of $19.7 million, up from $18.0 million in the year-ago period. Net loss widened to $11.1 million, or $0.86 per diluted share, compared with a net loss of $9.8 million, or $0.77 per diluted share, a year earlier. For the first six months of fiscal 2026, Curda reported revenue of $45.3 million, down from $55.2 million in the comparable prior-year period.
Net loss for the six-month period was $20.8 million, or $1.62 per diluted share, compared with a net loss of $1.4 million, or $0.11 per diluted share, last year. Curda also provided balance sheet details, stating the company had $13.4 million in cash at quarter-end and “available borrowings of $25 million” under its credit agreement with Woodforest National Bank. Working capital was $45 million, including $19 million of trade accounts and financing receivables.