Filing Flows › Geospace Technologies (GEOS) › Q2 FY25
Geospace Technologies (GEOS) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 9, 2025
Geospace Technologies (GEOS) reported revenue of $18.0M for the second quarter fiscal 2025 (Q2 FY25), -26% from a year earlier and -52% from the quarter before. Operating margin was -57.0%, net loss $9.8M (54.4% of revenue).
Geospace Technologies, Q2 FY25: revenue $18.0M (-26% year over year), operating margin -57.0%, net loss $9.8M, operating cash flow −$1.9M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $18.0M | -52% | -26% |
| Operating profit | −$10.3M | -972% | — |
| Net earnings | −$9.8M | — | — |
| Operating cash flow | −$1.9M | — | — |
What changed
Revenue was $18.0M in Q2 FY25, down 26% year over year and down 52% from the previous quarter.
Gross margin was 9.7%, down 14.5 points from a year earlier. Operating costs exceeded revenue by $10.3M, an operating margin of -57.0%. Operating expenses grew 16% against a revenue fall of 26%. The fastest-growing cost line was Research & development (+36%). The quarter ended with a net loss of $9.8M, after a profit of $8.4M the previous quarter.
Operating cash flow was −$1.9M. Non-cash charges added back $2.5M of depreciation and amortization and $547K of share-based compensation. Working capital and other items added $4.9M. Capital expenditures of $1.2M exceeded it, leaving free cash flow of −$3.1M.
Questions
What was Geospace Technologies' revenue in the second quarter fiscal 2025?
Geospace Technologies (GEOS) reported revenue of $18.0M for the second quarter fiscal 2025 (Q2 FY25), -26% from a year earlier and -52% from the quarter before.
Was Geospace Technologies profitable in the second quarter fiscal 2025?
Operating loss was $10.3M (-57.0% of revenue) and net loss $9.8M.