Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of seismic data-processing equipment specialist Geospace Technologies (NASDAQ:GEOS) sank as low as 12% today after its quarterly results missed Wall Street expectations.

So what: The stock has been on fire over the past year on a string of better-than-expected results, but the wide fourth-quarter miss -- EPS of $0.33 on revenue of $36.9 million versus the consensus of $0.64 and $47.1 million -- is triggering concerns over slowing growth going forward. Management blamed erratic order flow and timing of shipments for the miss, however, giving Geospace bulls reason to believe that it's just a short-term hiccup.

Now what: I'd look into this pullback as a possible buy-in opportunity. "We ended fiscal year 2012 with $146 million of working capital, $71 million of cash/short-term investments, and no long-term debt on our balance sheet," said Chairman and CEO Gary Owens. "We believe the strength of our balance sheet puts us in a good position to meet the challenges ahead." When you couple that rock-solid financial position with the stock's still-reasonable forward P/E of 12, Geospace might have plenty of more room to run.

Interested in more info on Geospace? Add it to your watchlist.

Fool contributor Brian Pacampara and The Motley Fool have no positions in the stocks mentioned above. Motley Fool newsletter services recommend Geospace Technologies. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.