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GEOSPACE TECHNOLOGIES REPORTS FOURTH QUARTER AND

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Geospace Technologies (NASDAQ: GEOS) today announced that it narrowed its net loss to $19.2 million, or $1.45 per diluted share, on revenue of $75.7 million for its fiscal year ended September 30, 2018.

This compares with a net loss of $56.8 million, or $4.32 per diluted share, on revenues of $73.7 million for the prior year. For the fourth quarter ended September 30, 2018, the company recorded revenue of $20.6 million and a net loss of $0.2 million, or $0.02 per diluted share. For the comparable period last year, the company recorded revenues of $23.7 million and a net loss of $19.2 million, or $1.46 per diluted share. Walter R. (Rick) Wheeler, President and CEO of Geospace Technologies said, In the fourth quarter of fiscal year 2018, we reported total revenue of $20.6 million, representing a decrease of 13% from last years fourth quarter. As a consideration for this reduction in revenue, last years fourth quarter …

[Read on via official release]

Source: US SEC
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8-K_for_GEOSPACE_TECHNOLOGIES_CORP_8-K-11-16-2018