[PART I. FINANCIAL INFORMATION](index=3&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) This section presents the company's unaudited consolidated financial statements and management's financial analysis [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) The unaudited consolidated financial statements show significant financial improvement, transitioning from net loss to net income [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) Total assets increased to **$145.7 million** by June 30, 2023, driven by higher cash and equity growth Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2023 | September 30, 2022 | | :--- | :--- | :--- | | **Total Current Assets** | $76,376 | $59,961 | | **Total Assets** | $145,683 | $135,056 | | **Total Current Liabilities** | $16,127 | $12,627 | | **Total Liabilities** | $16,726 | $13,409 | | **Total Stockholders' Equity** | $128,957 | $121,647 | [Consolidated Statements of Operations](index=4&type=section&id=Consolidated%20Statements%20of%20Operations) The company achieved a significant turnaround, reporting net income for Q3 and nine months ended June 30, 2023 Statement of Operations Summary (in thousands, except per share data) | Metric | Q3 2023 | Q3 2022 | Nine Months 2023 | Nine Months 2022 | | :--- | :--- | :--- | :--- | :--- | | **Total Revenue** | $32,715 | $20,691 | $95,194 | $63,382 | | **Gross Profit** | $13,979 | $3,651 | $37,462 | $12,163 | | **Income (Loss) from Operations** | $3,146 | $(6,534) | $7,244 | $(15,069) | | **Net Income (Loss)** | $3,228 | $(6,574) | $7,768 | $(14,816) | | **Diluted EPS** | $0.24 | $(0.51) | $0.59 | $(1.14) | [Consolidated Statements of Cash Flows](index=7&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operations turned positive, increasing cash and equivalents by **$11.2 million** by June 30, 2023 Cash Flow Summary for Nine Months Ended June 30 (in thousands) | Activity | 2023 | 2022 | | :--- | :--- | :--- | | **Net Cash from Operating Activities** | $3,128 | $(13,281) | | **Net Cash from Investing Activities** | $8,326 | $8,678 | | **Net Cash from Financing Activities** | $(175) | $(1,713) | | **Increase (Decrease) in Cash** | $11,155 | $(6,598) | | **Cash and Cash Equivalents, End of Period** | $27,264 | $7,468 | [Notes to Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Notes detail accounting policies, segment performance, debt, and risks including customer concentration and geopolitical events - As of June 30, 2023, the company held **$2.1 million** in cash in its Russian subsidiary, which may be difficult or costly to repatriate due to government-imposed restrictions[24](index=24&type=chunk) Segment Revenue (in thousands) - Nine Months Ended June 30 | Segment | 2023 | 2022 | | :--- | :--- | :--- | | Oil and Gas Markets | $56,239 | $34,317 | | Adjacent Markets | $38,392 | $28,312 | | Emerging Markets | $393 | $571 | - The company has significant customer concentration risk, with two customers accounting for receivables of **$5.9 million** and **$4.7 million**, and revenues of **$25.9 million** and **$9.3 million**, respectively, for the nine months ended June 30, 2023[79](index=79&type=chunk) - The net carrying value of the company's Russian subsidiary (GTE) was **$6.2 million** as of June 30, 2023. The ongoing conflict in Ukraine and related sanctions pose a significant risk to these operations[86](index=86&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=18&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses significant revenue and profit growth from increased demand in key segments, supported by strong liquidity [Consolidated Results of Operations](index=21&type=section&id=Consolidated%20Results%20of%20Operations) Consolidated revenue increased by **50.2%** to **$95.2 million**, with gross profit surging **208.0%** Year-over-Year Financial Performance Comparison | Metric | Nine Months 2023 | Nine Months 2022 | Change (%) | | :--- | :--- | :--- | :--- | | **Revenue** | $95.2M | $63.4M | +50.2% | | **Gross Profit** | $37.5M | $12.2M | +208.0% | - The increase in revenue was largely due to higher rental revenue from the Oil and Gas Markets segment (increased OBX fleet utilization) and higher demand for industrial products from the Adjacent Markets segment[121](index=121&type=chunk) [Segment Results of Operations](index=21&type=section&id=Segment%20Results%20of%20Operations) Oil and Gas Markets revenue grew **55.6%** due to OBX fleet utilization; Adjacent Markets revenue increased **35.6%** - Oil and Gas Markets revenue for the nine months ended June 30, 2023, increased by **$21.9 million (55.6%)**, primarily due to higher utilization of the OBX rental fleet[127](index=127&type=chunk) - Adjacent Markets revenue for the nine months ended June 30, 2023, increased by **$10.1 million (35.6%)**, driven by higher demand for water meter products[129](index=129&type=chunk)[133](index=133&type=chunk) - The Emerging Markets segment's operating loss decreased by **$0.3 million (9.5%)** for the nine-month period, mainly due to lower personnel costs from a workforce reduction[131](index=131&type=chunk) [Liquidity and Capital Resources](index=22&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity strengthened with **$27.3 million** in cash and a new **$15 million** revolving credit facility - The company had **$27.3 million** in cash and cash equivalents as of June 30, 2023, with no long-term debt outstanding[134](index=134&type=chunk)[140](index=140&type=chunk) - On July 26, 2023, the company entered into a new credit agreement for a revolving credit facility with a maximum availability of **$15 million**, expiring in July 2025[139](index=139&type=chunk) [Item 3. Quantitative and Qualitative Disclosures about Market Risk](index=22&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) As a smaller reporting company, the company is exempt from providing quantitative and qualitative disclosures about market risk - As a smaller reporting company defined by Rule 12b-2 of the Exchange Act, the company is exempt from providing quantitative and qualitative disclosures about market risk[148](index=148&type=chunk) [Item 4. Controls and Procedures](index=23&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls and procedures were effective as of June 30, 2023, with no material changes to internal controls - Based on an evaluation as of June 30, 2023, the CEO and CFO concluded that the company's disclosure controls and procedures were effective[150](index=150&type=chunk) - No changes occurred during the fiscal quarter ended June 30, 2023, that have materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[151](index=151&type=chunk) [PART II. OTHER INFORMATION](index=23&type=section&id=PART%20II.%20OTHER%20INFORMATION) This section includes other required information, such as exhibits filed with the report [Item 6. Exhibits](index=23&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including certifications from the CEO and CFO and financial data - The exhibits filed with this report include certifications from the Chief Executive Officer and Chief Financial Officer pursuant to Rule 13a-14(a) and 18 U.S.C. Section 1350[153](index=153&type=chunk)

Geospace Technologies Corporation (NASDAQ:GEOS) Q2 2023 Earnings Conference Call May 12, 2023 10:00 AM ET Company Participants Rick Wheeler - President and Chief Executive Officer Robert Curda - Chief Financial Officer Conference Call Participants Scott Bundy - Moors & Cabot Bill Dezellem - Tieton Capital. Dennis Scannell - Rutabaga Capital Operator Good day and welcome to the Geospace Technologies’ Second Quarter 2023 Earnings Conference Call. Hosting the call today from Geospace is Mr. Rick Wheeler, Presi ...

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, 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 ...

Geospace Technologies Corporation (NASDAQ:GEOS) Q1 2023 Results Conference Call February 9, 2023 10:00 AM ET Company Participants Rick Wheeler - President and Chief Executive Officer Robert Curda - Chief Financial Officer Conference Call Participants William Dezellem - Tieton Capital. Jeffrey Feldman - Primary Succession Capital LLC Scott Bundy - Moors & Cabot Michael Melby - Gate City Capital Operator Welcome to the Geospace Technologies’ first quarter 2023 earnings conference call. Hosting the call today ...

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, 2022 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from ____ to ____ GEOSPACE TECHNOLOGIES CORPORATION (Exact Name of Registrant as Specified in Its Charter) (State or other jurisdiction of incorporation or orga ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the Fiscal Year Ended September 30, 2022 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number 001-13601 GEOSPACE TECHNOLOGIES CORPORATION (Exact Name of Registrant as Specified in Its Charter) Houston, Texas 77040-6601 (Address of Principal Executive Offices) (713) 986-4444 ...

Geospace Technologies Corporation (NASDAQ:GEOS) Q4 2022 Earnings Conference Call November 18, 2022 10:00 AM ET Company Participants Rick Wheeler - President and CEO Robert Curda - CFO Mark Tinker - CEO, Quantum Technology Sciences Conference Call Participants Scott Bundy - Moors & Cabot William Dezellem - Tieton Capital Brent Miley - Rutabaga Capital Glenn Kukla - Kukla Capital Partners Michael Melby - Gate City Capital Management Operator Welcome to the Geospace Technologies Fourth Quarter 2022 Earnings Co ...

Geospace Technologies Corp (NASDAQ:GEOS) Q3 2022 Earnings Conference Call August 10, 2022 10:00 AM ET Company Participants Walter Wheeler - President, CEO & Director Robert Curda - VP, CFO & Secretary Mark Tinker - CEO, Quantum Technology Sciences Conference Call Participants Scott Bundy - Moors & Cabot William Dezellem - Tieton Capital Management Michael Cox - Private Investor Michael Melby - Gate City Capital Management Operator Welcome to the Geospace Technologies Third Quarter 2022 Earnings Conference C ...

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, 2022 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 ...

GEOSPACE® D Q1 FY2022 Presentation February 2022 | --- ...