Q2 2026 Geospace Technologies Corp Earnings Call Transcript

May 8, 2026 / 02:00 PM GMT

Release Date Price: $8.4 (-1.18%)

Transcript 10-Q8-K

Key Points

Positve

Geospace Technologies Corp (GEOS) reported an increase in revenue to $19.7 million for the second quarter, up from $18 million in the previous year.
The Energy Solutions segment saw a significant revenue increase of 272% for the quarter compared to the previous year.
The company recognized its first revenue from the Permanent Reservoir Monitoring (PRM) project, marking a milestone in its execution.
There is increased interest in the summer survey season for the ocean-bottom node fleet, indicating potential future revenue growth.
Geospace Technologies Corp (GEOS) is leveraging its contract manufacturing expertise to pursue white-label product developments in smart water technologies, expanding its market reach.

Negative

The company reported a net loss of $11.1 million for the quarter, an increase from the previous year's net loss of $9.8 million.
Revenue from the Smartwater segment decreased by 61% compared to the same period last year.
The company implemented a workforce reduction of approximately 20% to align its cost structure with current market conditions.
Demand for the hydrocon connector is lower than expected as customers work through excess inventory, impacting revenue.
The conflict in the Middle East has delayed potential future business due to travel restrictions and regional uncertainty.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GEOS.OQ - Geospace Technologies Corp
Q2 2026 Geospace Technologies Corp Earnings Call
May 08, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone, and welcome to the Geospace Technologies Second Quarter 2026 Earnings Conference Call. Hosting the call today from Geospace is Mr. Rich Kelly, President and Chief Executive Officer. He is joined by Mr. Robert Curta, the company's Chief Financial Officer. Today's call is being recorded and will be available on the Geospace Technologies Investor Relations website following the call. At this time, all participants have been placed in a listen-only mode, and the floor will be open for your questions following the presentation.

If you would like to ask a question at that time, please press star one on your telephone. If at any point your question has been answered, you may remove yourself from

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