Geospace swings to FY26 Q3 net loss of $9.7 million; revenue drops 36.4% to $15.8 million

Reuters2026/08/06 22:23

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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.
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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Geospace Technologies Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260806889058) on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Geospace swings to FY26 Q3 net loss of $9.7 million; revenue drops 36.4% to $15.8 million

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