tiprankstipranks

Geospace announces $30M contract to sell shallow water ocean bottom nodes

Geospace Technologies announced a $30 million contract with an international marine geophysical services provider for the purchase of the Company’s latest shallow water ocean bottom nodes known as Mariner. This contract replaces the approximately $20 million contract announced in June 2023. Delivery of the Mariner products is complete, and revenue will be recognized in Q1 of FY24.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Disclaimer & DisclosureReport an Issue