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Geospace Stock Falls Post Q3 Earnings Despite Smart Water Growth
ZACKS· 2025-08-12 17:41
Core Viewpoint - Geospace Technologies Corporation (GEOS) has experienced significant stock volatility, with a 21.9% decline since its latest earnings report, but a recent rebound of 24.4% over the past month indicates potential recovery [1] Financial Performance - For Q3 fiscal 2025, Geospace reported revenues of $24.8 million, a decrease of 3.9% from $25.9 million year-over-year, with net income of $0.8 million or $0.06 per diluted share, compared to a net loss of $2.1 million or $0.16 per share in the prior-year quarter [2] - For the nine months ended June 30, 2025, total revenue fell 20% to $80.1 million from $100.2 million, with a net loss of $0.7 million compared to a profit of $6.3 million in the same period last year [4] Segment Performance - Smart Water revenue increased by 6.1% to $10.5 million, driven by demand for Hydroconn connectors [3] - Energy Solutions revenue decreased by 13.6% to $8.1 million due to lower utilization and sales of marine ocean bottom node rental fleet [3] - Intelligent Industrial revenue fell by 5.4% to $6.1 million, impacted by reduced demand for imaging products and the absence of a completed government contract [3] Key Business Metrics - Gross profit for the quarter was $7.5 million, down 11.6% from $8.5 million last year, primarily due to lower rental revenue [5] - Operating expenses rose by 7.9% year-over-year to $11.8 million, influenced by increased personnel and sales and marketing costs [5] - Cash and short-term investments totaled $25.6 million at quarter-end, down from $37.1 million as of September 30, 2024, with no outstanding borrowings [7] Strategic Developments - CEO Richard Kelley highlighted a major contract with Petrobras for the OptoSeis PRM system, valued at over $80 million, expected to be fulfilled over 16-18 months [8] - The Smart Water segment achieved a record nine-month revenue of $27.3 million, up 32.7% from the previous fiscal year [6] - The company divested its streamer recovery device product line to streamline operations and acquired Heartbeat Detector to expand into the security technology market [13] Management Commentary - Management expressed optimism about sustaining profitability through diversification and strategic acquisitions, despite acknowledging ongoing challenges in ocean bottom node markets [12] - The launch of AquaLink, an IoT endpoint for multiunit water monitoring, is expected to enhance growth potential in the Smart Water segment [9]
Redodo’s Best Prime Day Deals 2025 Save Up to 55% on LiFePO4 Batteries
Globenewswire· 2025-07-01 14:00
Core Insights - Redodo is launching its Prime Day Sale on lithium batteries from June 25 to July 11, offering significant discounts on various battery models for RVs, marine applications, and solar setups [1][5][11] Pricing and Discounts - The Early Prime Day Sale runs from June 25 to July 7, featuring the lowest online prices and a 30-day price guarantee on all orders [3] - Customers can receive an automatic 3% discount sitewide and an 8% discount on battery accessories [4] - An additional 5% off is available for first-time orders through newsletter subscription or membership, with a free gift for purchases over $899 [4][12] Featured Products and Savings - Notable discounts include: - 12V 100Ah LiFePO4 Battery for $197, saving $22 - 12V 140Ah Group 31 Bluetooth Battery for $265, saving $34 - 12V 300Ah LiFePO4 Battery for $496, saving $53 [7][13] - The Prime Day Big Deals will take place from July 8 to July 11, featuring further discounts on lithium batteries [5][6] Product Benefits - Redodo batteries are constructed with high-density LiFePO4 cells, providing longer energy storage and performance [14] - The batteries are designed to be ultra-durable, lightweight, and safe, featuring over 20 built-in protection mechanisms [15][16][17] Corporate Social Responsibility - Redodo is involved in social impact initiatives, partnering with NGOs for community support and ecological restoration projects [18][19][21] - The company aims to inspire outdoor adventures while providing reliable energy solutions [22][23]