Revenue growth in Energy Solutions and cost-cutting initiatives provide a potential path to profitability, but the widening net loss and Smart Water segment decline are concerning. Monitor upcoming summer survey season for ocean bottom node utilization and further PRM contract ramp for signs of inflection.
Price Chart
Executive Summary
Geospace Technologies reported Q2 FY2026 revenue of $19.7M (+9.5% YoY) but net loss widened to $(0.86)/share from $(0.77). Smart Water revenue plunged 60.6% while Energy Solutions surged 272% on PRM contract and Dawson deliveries. The company announced a 20% workforce reduction expected to save $12M annually, with $1.3M in restructuring charges. Despite revenue growth, deepening losses and cash burn of $16.7M in six months signal ongoing operational strain.
Key Financial Metrics
Key Facts
- Q2 revenue $19.7M vs $18.0M YoY (+9.5%)
- Net loss per diluted share $(0.86) vs $(0.77)
- Smart Water segment revenue fell 60.6% to $3.7M
- Energy Solutions revenue up 272% to $9.6M including first PRM contract revenue
- Workforce reduction of ~20% with $12M annualized cost savings expected
- Restructuring charges of ~$1.3M anticipated in Q2 and Q3
- Cash used in operations (6 months) $16.7M; cash balance $13.4M
- No consensus estimates provided; six-month revenue down 18% YoY
Financial Impact
Net loss widened by $1.3M vs prior year quarter; restructuring costs of $1.3M; annualized cost savings target $12M.
Risk Factors
- Continued cash burn could pressure liquidity despite $25M undrawn credit facility
- Smart Water demand may not recover to prior levels
- Restructuring execution risk and potential further charges
- Dependence on large contracts (PRM, Dawson) for revenue concentration
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-015666 |
| Document: geos20260507_8k.htm | 0001437749-26-015666 |
| Document: 0001437749-26-015666-index-headers.html | 0001437749-26-015666 |
| Document: 0001437749-26-015666-index.html | 0001437749-26-015666 |
| Document: 0001437749-26-015666.txt | 0001437749-26-015666 |
| 8-K Data (Synthetic) | 0001437749-26-015666 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 20d ago | SC 13G | $4.62 | awaiting T+20 | — | $4.51 (−2.38%) |
Aug 7, 2026 11w ago | 8-K | $5.85 $5.38 | ▲ +8.03% | ▲ +7.64% | $4.51 (+22.91%) |
Jun 11, 2026 19w ago | Institutional Cluster | $7.37 $7.19 | ▼ −2.44% | ▼ −4.33% | $4.51 (−38.81%) |
May 7, 2026 24w ago | 8-K | $8.40 $7.70 | ▼ −8.33% | ▼ −8.36% | $4.51 (−46.31%) |
US Market Status
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