Geospace Technologies (US:GEOS)2025-11-20 21:56Revenue Performance - Revenue for Q4 2025 was $30.7 million, a decrease of 13.3% from $35.4 million in Q4 2024[2] - For the fiscal year 2025, total revenue was $110.8 million, down 18.3% from $135.6 million in fiscal year 2024[3] - The Smart Water segment generated $8.5 million in Q4 2025, a decrease of 28% from $11.9 million in Q4 2024, but annual revenue increased by 10% to $35.8 million[9] - Revenue from the Energy Solutions segment for Q4 2025 was $15.7 million, an 11% decrease from $17.6 million in Q4 2024, with a 35% annual decline to $50.7 million[10] - The Intelligent Industrial segment reported $6.4 million in Q4 2025, a 9% increase from $5.8 million in Q4 2024, while annual revenue decreased by 4% to $24.0 million[11] - Total revenue for the year ended September 30, 2025, was $110.803 million, a decrease of 18.3% compared to $135.598 million in 2024[25] - The Smart Water segment generated revenue of $35.816 million for the year ended September 30, 2025, an increase of 10.4% from $32.434 million in 2024[25] - The Energy Solutions segment reported a revenue decline of 35% to $50.706 million in 2025, down from $77.977 million in 2024[25] Net Loss and Financial Position - Net loss for Q4 2025 was $9.1 million, or $(0.71) per diluted share, compared to a net loss of $12.9 million, or $(1.00) per diluted share in Q4 2024[2] - The net loss for the year ended September 30, 2025, was $9.724 million, compared to a net loss of $6.578 million in 2024[23] - The company used $22.2 million in cash from operating activities for the twelve-month period ended September 30, 2025[12] - Cash and cash equivalents increased to $26.338 million as of September 30, 2025, from $6.895 million in 2024, representing a significant increase of 282.5%[23] - Total current liabilities rose to $24.430 million in 2025, up from $17.197 million in 2024, indicating a 42.5% increase[21] Assets and Inventory - Total assets increased slightly to $153.037 million as of September 30, 2025, compared to $152.194 million in 2024[21] - The company reported a significant inventory obsolescence expense of $3.071 million for the year ended September 30, 2025[23] Strategic Initiatives - The company anticipates continued market demand for Hydroconn and Aquana solutions, particularly in international markets[5] - Geospace Technologies acquired Geovox Security, Inc. to enhance its Intelligent Industrial segment and increase recurring revenue[7] Operating Performance - Operating loss from the Energy Solutions segment was $4.992 million for the three months ended September 30, 2025, compared to an operating income of $5.567 million in the same period of 2024[25] - The company made a payment of $1.750 million for a business acquisition during the year[23]