Geospace Technologies posted Q3 revenue of $15.8 million, down 36.4% year over year, swinging to a net loss of $9.7 million.
Loss per diluted share widened to $0.75; Smart Water revenue fell 56.1% to $4.6 million on reduced Hydroconn connector orders.
Gross profit slipped to $496,000; management cited inflation, raw material costs, component availability, and product mix as margin headwinds.
Contract wins and production update
Quantum Technology Sciences won a $10.8 million U.S. Navy contract; the PRM contract moved into full production with delivery expected in Q3 fiscal 2027.
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