The sharp revenue decline and cash burn rate suggest the company may need to raise capital or restructure debt within the next 12 months. Monitor the PRM contract ramp and Smart Water segment recovery; the Navy contract provides a modest long-term catalyst but does not offset near-term headwinds. The next 10-Q will be critical for cash runway visibility.
Price Chart
Executive Summary
Geospace Technologies reported a disastrous Q3 FY2026 with revenue of $15.8M, down 36% YoY from $24.8M, and a net loss of $9.7M ($0.75/share) compared to net income of $0.8M ($0.06/share) in the prior year. All three segments declined sharply (Smart Water -56%, Energy Solutions -28%, Intelligent Industrial -14%), and cash burned to $2.8M from $26.3M six months ago. A $10.8M U.S. Navy contract provides a long-term offset but does not change the near-term fundamental deterioration.
Key Financial Metrics
Key Facts
- Q3 FY2026 revenue fell 36% YoY to $15.8M from $24.8M
- Net loss of $9.7M ($0.75/diluted share) vs net income of $0.8M ($0.06) in Q3 FY2025
- Smart Water segment revenue dropped 56% to $4.6M; Energy Solutions down 28% to $5.9M; Intelligent Industrial down 14% to $5.2M
- Cash and cash equivalents collapsed to $2.8M from $26.3M at Sept 30, 2025; operating cash flow used $27.3M in nine months
- U.S. Navy awarded subsidiary Quantum Technology Sciences a $10.8M firm-fixed-price contract for seismic acoustic detection system (completion by Dec 2027)
- PRM contract period extended due to customer scope changes; full production entered
Financial Impact
Revenue decline of $9.0M (36%) YoY; net loss swing of $10.5M from prior-year profit; cash burn of $27.3M in nine months
Risk Factors
- Continued revenue erosion across all segments, especially Smart Water (-56% YoY)
- Cash balance of $2.8M with $27.3M operating cash burn in nine months raises going-concern risk
- PRM contract delays or scope changes could further pressure Energy Solutions revenue
- Geopolitical uncertainty and customer access to capital impacting demand
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-026445 |
| Document: geos20260806_8k.htm | 0001437749-26-026445 |
| Document: 0001437749-26-026445-index-headers.html | 0001437749-26-026445 |
| Document: 0001437749-26-026445-index.html | 0001437749-26-026445 |
| Document: 0001437749-26-026445.txt | 0001437749-26-026445 |
| 8-K Data (Synthetic) | 0001437749-26-026445 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 19d ago | SC 13G | $4.62 | awaiting T+20 | — | $4.26 (−7.79%) |
Aug 7, 2026 11w ago | 8-K | $5.85 $5.38 | ▲ +8.03% | ▲ +7.64% | $4.26 (+27.18%) |
Jun 11, 2026 19w ago | Institutional Cluster | $7.37 $7.19 | ▼ −2.44% | ▼ −4.33% | $4.26 (−42.20%) |
May 7, 2026 24w ago | 8-K | $8.40 $7.70 | ▼ −8.33% | ▼ −8.36% | $4.26 (−49.29%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers