Pioneer (ultra lightweight land node)
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Geospace Technologies (GEOS) Dips Heavily Following FY 2025 Results
Yahoo Finance· 2025-11-28 02:41
Core Insights - Geospace Technologies Corporation (NASDAQ:GEOS) experienced a significant share price decline of 41.2% from November 19 to November 26, 2025, marking it as one of the worst-performing energy stocks during that week [1]. Financial Performance - The company reported a Q4 2025 revenue of $30.7 million, reflecting a year-over-year decline of over 13%. For the full fiscal year 2025, revenue decreased by more than 18% to $110.8 million [3]. - Geospace's net loss for Q4 2025 decreased by nearly 30% year-over-year, but the total net loss for FY 2025 rose to $9.7 million from $6.6 million in FY 2024 [3]. Segment Performance - The water solutions segment of Geospace Technologies showed strong performance, achieving double-digit revenue growth for the fourth consecutive year, despite challenges in the energy solutions segment [4]. - The CEO highlighted that market uncertainty and low oil prices led to reduced revenue from energy solutions, with decreased utilization of the ocean-bottom node rental fleet impacting segment revenue [4]. Strategic Developments - Geospace secured a major Permanent Reservoir Monitoring (PRM) contract with Petrobras and completed a significant sale of its ultra-lightweight land node, Pioneer, to several customers, indicating strategic wins despite overall revenue challenges [4]. - The company has a strong backlog heading into the next fiscal year, although the short-term exploration market remains uncertain due to ongoing low oil prices [4].