Exhibit 99.1 NEWS RELEASE GEOSPACE TECHNOLOGIES REPORTS PROFITABLE FIRST QUARTER FOR FISCAL YEAR 2025 Houston, Texas – February 5, 2025 – 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, ...

Shares of Geospace Technologies Corporation (GEOS) have lost 9.3% since the company reported its earnings for the quarter ended Sept. 30, 2024, against the S&P 500 index’s 2.6% increase during the same period. Over the past month, the stock has moved down 1.6%, again lagging the S&P 500’s gain of 7.1%.Revenue and Profitability OverviewGeospace reported fiscal 2024 revenues of $135.6 million, up 8.9% from $124.5 million in the prior year. The uptick in revenues was driven by increases in demand across all th ...

Recommendations BellRing Brands price target raised by $5 at Barclays, here's why » BRBRBellRing Brands / + Available to The Fly Members OnlyBreaking content available to members only. Sign up or login for access.Create FREE AccountBarclays raised the… Earnings Baidu reports Q3 EPS RMB 16.60 vs. RMB 20.40 last year » BIDUBaidu $86.76 / +0.73 (+0.85%) Available to The Fly Members OnlyBreaking content available to members only. Sign up or login for access.Create FREE AccountReports Q3 revenue RMB ...

Microcap companies can be prone to lumpy revenue performance, following a less linear growth trajectory which rivals an EKG chart. This is especially true if their end-markets have very strong sensitivity to customer cap-ex spending or if they have exposure to government-financed large-scale projects, which come and go. Larger companies can better absorb pockets of market softness and "smooth-out" results via market and product diversification. So how to follow the bouncing ball and pick a good entry point ...

Zacks Investment Research has recently initiated coverage of Geospace Technologies Corporation (GEOS) , assigning a "Neutral" recommendation to the company's shares. This assessment comes amid a mixed outlook for the company, which has been making notable strides in the seismic instruments and equipment space despite industry challenges. Geospace Technologies, headquartered in Houston, TX, is known for designing and manufacturing seismic instruments and equipment primarily for the oil and gas industry. The ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the Quarterly Period Ended March 31, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from ____ to ____ Commission file number 001-13601 GEOSPACE TECHNOLOGIES CORPORATION (Exact Name of Registrant as Specified in Its Charter) Texas 76-0447780 (State ...

HOUSTON, TX – May 9, 2024 - Geospace Technologies Corporation (NASDAQ: GEOS) (the "Company") today announced results for its second quarter ended March 31, 2024. For the three-months ended March 31, 2024, Geospace reported revenue of $24.3 million, compared to revenue of $31.4 million for the comparable year-ago quarter. Net loss for the three-months ended March 31, 2024 was $4.3 million, or ($0.32) per diluted share, compared to net income of $4.6 million, or $0.35 per diluted share, for the quarter ended ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the Quarterly Period Ended December 31, 2023 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from ____ to ____ Commission file number 001-13601 GEOSPACE TECHNOLOGIES CORPORATION (Exact Name of Registrant as Specified in Its Charter) Texas 76-0447780 (St ...

Financial Performance - Consolidated revenue for fiscal year 2023 was $124.5 million, an increase of $35.3 million, or 39.5%, from fiscal year 2022[146] - Consolidated gross profit for fiscal year 2023 was $51.7 million, an increase of $33.6 million, or 186.5%, from fiscal year 2022[147] - Cash generated from operating activities for fiscal year 2023 was $15.6 million, with net income of $12.2 million[158] - Cash and cash equivalents increased by $17.0 million during fiscal year 2023, totaling approximately $33.7 million at year-end[165] Revenue Growth by Market - Revenue from Oil and Gas Markets products for fiscal year 2023 increased $24.9 million, or 50.6%, from fiscal year 2022[151] - Wireless exploration product revenue for fiscal year 2023 increased $20.2 million, or 49.6%, primarily due to increased rental revenue from the OBX rental fleet[151] - Revenue from Adjacent Markets products for fiscal year 2023 increased $9.9 million, or 25.2%, from the prior fiscal year[153] - Revenue from Emerging Markets products for fiscal year 2023 was $1.2 million, compared to $0.7 million from the prior fiscal year[154] - Industrial product revenue increased by $11.2 million, or 43.8%, primarily due to higher demand for water meter products[157] Operating Income and Loss - Operating income associated with Oil and Gas Markets products for fiscal year 2023 was $15.8 million, compared to an operating loss of $(7.5) million from the prior fiscal year[152] - Operating income from Adjacent Markets products for fiscal year 2023 was $11.5 million, an increase of $5.5 million, or 90.8% from the prior fiscal year[153] - Operating loss from Emerging Markets products for fiscal year 2023 was $4.0 million, compared to $9.1 million from the prior fiscal year[155] Future Expectations - The company expects fiscal year 2024 cash investments in the rental fleet to be approximately $9 million and in property, plant, and equipment to be approximately $4 million[159] - Revenue from oil and gas reservoir products is expected to increase slightly in fiscal year 2024 compared to fiscal year 2023[185] - Revenue from Adjacent Markets products is anticipated to increase in fiscal year 2024 due to the acquisition of Aquana and integration of its products[186] - The company expects fiscal year 2024 revenue from Emerging Markets products to increase due to optimism in obtaining new security-related contracts[187] Cost Management and Financial Position - The company implemented a plan to discontinue certain low margin products, expecting annual savings of more than $2 million[141] - The company has no outstanding borrowings under its credit agreement, with a borrowing base availability of $13.1 million[164] - The company is subject to contingent compensation costs related to the acquisition of Aquana, with no maximum limit on potential payments[168] Product Revenue Changes - Imaging product revenue decreased by $1.4 million, or 10.0%, due to lower demand for imaging equipment[157]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the Quarterly Period Ended June 30, 2023 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from ____ to ____ Commission file number 001-13601 GEOSPACE TECHNOLOGIES CORPORATION (Exact Name of Registrant as Specified in Its Charter) Texas 76-0447780 (State ...