GEOS earnings call for the period ending December 31, 2018.
News & Analysis: Geospace Technologies
GEOS earnings call for the period ending September 30, 2018.
Geospace logs another quarter without any signs of a catalyst in the visible future.
With so few seismic exploration projects out there, Geospace doesn't have a lot of customers to which it can sell its equipment.
A couple of short-term rental contracts might give investors a false sense of hope, but management remains sober in its outlook.
Some parts of the oil and gas market have rebounded, but Geospace Technologies has yet to benefit from the turnaround trend.
The entire oil and gas industry was up big in November, but the gains for offshore oil services specialists may be getting ahead of themselves.
Geospace Technologies posted its first year-over-year increase in revenue in close to two years. However, management isn't counting its chickens before they're hatched.
Rising oil prices, capped off by OPEC's announcement, gave Geospace Technologies a strong boost last month.
Geospace's non-seismic equipment sales continue to help, but not enough to prevent another quarter of losses.