Overview

* Geospace ( GEOS ) Q3 revenue falls 3.9% yr/yr to $24.8 mln

* Net income for Q3 at $760,000, a turnaround from $2.1 mln loss in 2024

* Smart Water segment revenue grows 6.1% in Q3, reaching record nine-month level

Outlook

* Company expects Pioneer system delivery before fiscal year-end

* Geospace ( GEOS ) sees recurring revenue growth from Heartbeat Detector subscriptions

* Company anticipates increased demand for Pioneer ultralight land node

* Geospace ( GEOS ) aims to boost security product adoption with industry engagement

Result Drivers

* SMART WATER GROWTH - Revenue from Smart Water segment increased by 6.1% in Q3, marking a record high for nine-month revenue

* ENERGY SOLUTIONS CHALLENGES - Revenue decreased due to lower utilization and sales for marine ocean bottom node rental fleet

* INTELLIGENT INDUSTRIAL DECLINE - Revenue fell due to completion of a government contract and lower demand for imaging products

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $24.84

Revenue mln

Q3 EPS $0.06

Q3 Net $760,000

Income

Q3 Gross $7.54

Profit mln

Q3 $11.79

Operatin mln

g

Expenses

Q3 $828,000

Pretax

Profit

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)