Filing Flows › Geospace Technologies (GEOS) › Q4 FY24
Geospace Technologies (GEOS) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 22, 2024
Geospace Technologies (GEOS) reported revenue of $35.4M for the fourth quarter fiscal 2024 (Q4 FY24), +21% from a year earlier and +37% from the quarter before. Operating margin was 3.3%, net loss $12.9M (36.3% of revenue).
Geospace Technologies, Q4 FY24: revenue $35.4M (+21% year over year), operating margin 3.3%, net loss $12.9M, operating cash flow −$1.6M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $35.4M | +37% | +21% |
| Operating profit | $1.2M | — | — |
| Net earnings | −$12.9M | — | — |
| Operating cash flow | −$1.6M | — | — |
What changed
Revenue was $35.4M in Q4 FY24, up 21% year over year and up 37% from the previous quarter. Product was the largest line at 92% of revenue.
Gross margin was 45.0%, down 3.6 points from a year earlier. Operating profit was $1.2M, a 3.3% margin (down 10.6 points year over year). Operating profit fell $2.9M even though revenue rose $6.1M versus a year earlier, so costs grew faster than sales. Operating expenses grew 45% against revenue growth of 21%. The quarter ended with a net loss of $12.9M, wider than the previous quarter's $2.1M loss. Net interest and other expense of $14.0M was the main reason.
Operating cash flow was −$1.6M. Non-cash charges added back $1.0M of depreciation and amortization and $275K of share-based compensation. Working capital and other items added $10.0M. Capital expenditures of $280K exceeded it, leaving free cash flow of −$1.8M.
Questions
What was Geospace Technologies' revenue in the fourth quarter fiscal 2024?
Geospace Technologies (GEOS) reported revenue of $35.4M for the fourth quarter fiscal 2024 (Q4 FY24), +21% from a year earlier and +37% from the quarter before.
Was Geospace Technologies profitable in the fourth quarter fiscal 2024?
Operating profit was $1.2M (3.3% of revenue) and net loss $12.9M.