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Geospace Technologies (GEOS)
NASDAQ:GEOS
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Geospace Technologies
(NASDAQ:GEOS)
53Neutral
Geospace Technologies (GEOS) vs. S&P 500 (SPY)
Market Cap
$92.12M
Dividend YieldN/A
Average Volume (3M)65.14K
Price to Earnings (P/E)―
Beta (1Y)0.71
Revenue Growth-14.39%
EPS Growth-143.84%
CountryUS
Employees450
SectorEnergy
Sector Strength84
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)-0.83
Shares Outstanding12,776,752
10 Day Avg. Volume52,043
30 Day Avg. Volume65,143
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.77
Price to Cash Flow (P/CF)-2.10
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Geospace Technologies Business Overview & Revenue Model
Company DescriptionGeospace Technologies Corporation designs and manufactures instruments and equipment used in the oil and gas industry to acquire seismic data in order to locate, characterize, and monitor hydrocarbon producing reservoirs. The company operates through three segments: Oil and Gas Markets, Adjacent Markets, and Emerging Markets. The Oil and Gas Markets segment offers wireless seismic data acquisition systems and reservoir characterization products and services, as well as traditional seismic exploration products, such as geophones, hydrophones, leader wires, connectors, cables, marine streamer retrieval and steering devices, and other seismic products. The Adjacent Markets segment provides industrial products, including imaging equipment, water meter products, remote shut-off valves and Internet of Things platform, and offshore cables, as well as seismic sensors for vibration monitoring and geotechnical applications, such as mine safety and earthquake detection applications; and electronic pre-press products that employ direct thermal imaging, direct-to-screen printing systems, and digital inkjet printing technologies targeted at the commercial and industrial graphics, textile, and flexographic printing industries. The Emerging Markets segment designs and sells products used for border and perimeter security surveillance, cross-border tunneling detection, and other products targeted at movement monitoring, intrusion detection, and situational awareness. This segment serves customers that include various agencies of the United States government, including the Department of Defense, Department of Energy, Department of Homeland Security, and other agencies. The company operates in Asia, Canada, Europe, the United States, and internationally. Geospace Technologies Corporation was founded in 1980 and is headquartered in Houston, Texas.
How the Company Makes MoneyGeospace Technologies generates revenue primarily through the sale and rental of seismic data acquisition equipment and related technologies. The company's key revenue streams include the manufacturing and sale of seismic instruments such as geophones, cables, and wireless data recording systems. Additionally, Geospace offers leasing options for their seismic equipment, catering to clients who prefer temporary solutions over permanent purchases. The company also engages in strategic partnerships and collaborations with major oil and gas corporations to provide customized seismic solutions tailored to specific exploration needs. Revenue is further supported by maintenance and support services offered to clients utilizing Geospace's equipment, ensuring ongoing performance and client satisfaction.
Geospace Technologies Financial Statement Overview
Summary
Geospace Technologies faces significant profitability and cash flow challenges, despite a strong equity position. The company needs to address operational inefficiencies and improve its ability to generate positive cash flow to enhance its financial health.Income Statement
The company's revenue growth has been inconsistent, with a notable decline in the most recent TTM period. Gross profit margin is improving, but net profit margin remains negative, indicating profitability challenges. EBIT and EBITDA margins have also shown volatility, reflecting operational inefficiencies.55
Neutral
Balance Sheet
The balance sheet shows a strong equity position with a low debt-to-equity ratio, indicating financial stability. Return on equity is negative, highlighting profitability issues, but the equity ratio is high, suggesting a solid asset base.68
Positive
Cash Flow
Cash flow performance is weak, with negative operating cash flow and declining free cash flow, indicating liquidity issues. The operating cash flow to net income ratio is negative, further emphasizing the company's struggle to generate cash from operations.45
Neutral
| Breakdown | |||||
| TTM | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 122.79M | 135.60M | 124.51M | 89.25M | 94.86M | 87.83M | Gross Profit |
| 50.49M | 52.57M | 51.69M | 18.04M | 16.29M | 23.43M | EBIT |
| 2.12M | 7.12M | 11.33M | -23.54M | -19.03M | -15.21M | EBITDA |
| 2.73M | 8.49M | 26.25M | -3.06M | 7.30M | 7.14M | Net Income Common Stockholders |
| -10.88M | -6.58M | 12.21M | -22.86M | -14.06M | -19.24M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 19.73M | 37.12M | 33.72M | 17.00M | 23.56M | 32.69M | Total Assets |
| 143.94M | 152.19M | 153.04M | 135.06M | 163.93M | 186.84M | Total Debt |
| 7.92M | 512.00K | 769.00K | 1.01M | 1.23M | 0.00 | Net Debt |
| -11.81M | -6.38M | -18.03M | -15.10M | -12.83M | -32.69M | Total Liabilities |
| 20.10M | 17.57M | 20.33M | 13.41M | 21.47M | 25.88M | Stockholders Equity |
| 123.84M | 134.62M | 132.72M | 121.65M | 142.46M | 160.97M |
| Cash Flow | Free Cash Flow | ||||
| -35.28M | -12.94M | 1.67M | -16.00M | -12.48M | 9.72M | Operating Cash Flow |
| -23.24M | -9.08M | 15.56M | -10.04M | -7.17M | 18.12M | Investing Cash Flow |
| 12.85M | 3.82M | -11.88M | 14.15M | -3.32M | -4.05M | Financing Cash Flow |
| -6.58M | -6.38M | -525.00K | -1.71M | -8.23M | -78.00K |
Geospace Technologies Technical Analysis
Negative
7.26
Price Trends
8.26
Negative
9.63
Negative
9.73
Negative
Market Momentum
-0.28
Negative
33.59
Neutral
23.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GEOS, the sentiment is Negative. The current price of 7.26 is below the 20-day moving average (MA) of 7.40, below the 50-day MA of 8.26, and below the 200-day MA of 9.73, indicating a bearish trend. The MACD of -0.28 indicates Negative momentum. The RSI at 33.59 is Neutral, neither overbought nor oversold. The STOCH value of 23.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GEOS.
Geospace Technologies Peers Comparison
Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $43.52B | 14.77 | 18.47% | 1.96% | 9.10% | 55.56% | |
79 Outperform | $13.11B | 16.29 | 27.06% | 0.63% | 16.23% | 1403.29% | |
77 Outperform | $56.84B | 13.46 | 21.59% | 2.65% | 9.58% | 6.53% | |
75 Outperform | $22.02B | 8.96 | 25.14% | 2.68% | -0.32% | -3.41% | |
65 Neutral | $2.20B | 15.46 | 21.97% | ― | 9.75% | 50.93% | |
58 Neutral | $9.12B | 5.24 | -7.59% | 7.51% | 0.53% | -65.25% | |
53 Neutral | $92.12M | ― | -7.53% | ― | -14.39% | -143.84% |
* Energy Sector Average
Performance Comparison
GEOS
Geospace Technologies
7.26
-6.61
-47.66%
BKR
Baker Hughes Company
44.80
11.98
36.50%
FTI
TechnipFMC
32.17
6.00
22.93%
HAL
Halliburton
25.55
-13.45
-34.49%
OII
Oceaneering International
22.27
-2.52
-10.17%
SLB
Schlumberger
42.20
-11.07
-20.78%
Geospace Technologies Earnings Call Summary
Earnings Call Date: Feb 5, 2025 | % Change Since: -18.79% | Next Earnings Date: May 8, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture with a strong start to the fiscal year and significant growth in the Smart Water segment. However, there were notable declines in the Energy Solutions and Intelligent Industrial segments, along with increased operating expenses.Highlights
Strong Start to Fiscal Year 2025
Reported revenue of $37.2 million and net income of $8.4 million or $0.65 per diluted share for the first quarter, indicating a strong start to the fiscal year.
Significant Growth in Smart Water Segment
Revenue from the Smart Water segment increased by 72% compared to the previous year, totaling $7.3 million, driven by higher demand for Hydroconn cable and connector products.
Completion of Stock Repurchase Program
The company completed a $7 million stock repurchase program, purchasing approximately 716,000 shares at an average price of $9.72 per share.
Strong Balance Sheet
The company remains debt-free with $22 million of cash and short-term investments, $41 million in trade and financing receivables, and total liquidity of $34 million.
Lowlights
Decrease in Energy Solutions Segment Revenue
Revenue from the Energy Solutions segment decreased by 39% compared to the previous year, totaling $24.3 million, due to lower utilization of the OBX rental fleet and a large sale in the previous year.
Decline in Intelligent Industrial Segment Revenue
The Intelligent Industrial segment reported a 4% decrease in revenue compared to the previous year, totaling $5.6 million, primarily due to lower demand for imaging products.
Increased Operating Expenses
Operating expenses increased by 31% compared to the previous year, amounting to $12.3 million, driven by higher personnel-related costs and R&D expenditures.
Company Guidance
During the Geospace Technologies First Quarter 2025 Earnings Conference Call, the company reported a revenue of $37.2 million and a net income of $8.4 million, equating to $0.65 per diluted share. The Smart Water segment saw a notable revenue increase of 72% to $7.3 million, driven by heightened demand for Hydroconn products. However, the Energy Solutions segment experienced a 39% decline in revenue to $24.3 million, partly due to a prior year's $30 million sale not recurring, while the Intelligent Industrial segment's revenue slightly decreased by 4% to $5.6 million. Operating expenses rose by 31% to $12.3 million, attributed to personnel costs and R&D expenditures. The company ended the quarter debt-free, holding $22 million in cash and short-term investments, with a total liquidity of $34 million. Geospace also completed a $7 million stock repurchase program. No specific revenue or earnings guidance was provided for future periods.Geospace Technologies Corporate Events
Executive/Board ChangesShareholder Meetings
Geospace Technologies Announces Leadership Transition
Neutral
Nov 26, 2024
Geospace Technologies Corporation announces leadership changes as Gary D. Owens steps down as Chairman, with Stephen C. Jumper taking over the role immediately. Owens, a board member since 1997, will not seek re-election, marking a significant transition ahead of the February 2025 shareholders meeting.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.