Geospace Technologies Q3 revenue falls 36% on lower segment demand
GEOS•Outlook
- Company expects future revenue growth in Intelligent Industrial segment from security portfolio
- PRM delivery expected in third quarter of fiscal year 2027
Overview
- U.S. sensing tech maker's fiscal Q3 revenue fell 36% yr/yr on lower segment demand
- Company swung to net loss in fiscal Q3 from profit a year earlier
- Geospace awarded $10.8 mln U.S. Navy contract for seismic detection system
Key Details
| Metric | Actual |
|---|---|
| Q3 Revenue | $15.80 mln |
| Q3 Net Loss | $9.71 mln |
| Q3 Gross Profit | $496,000 |
| Q3 Operating Expenses | $10.63 mln |
| Q3 Pretax Loss | $9.71 mln |
Result Drivers
- Lower demand - Co said revenue declines were driven by reduced demand across Smart Water, Energy Solutions, and Intelligent Industrial segments
- Product mix and costs - Margin performance was affected by product mix, inflation, raw material costs, and component availability
- - Smart Water segment revenue fell due to reduced orders of Hydroconn connector, mainly Series III
