Revenue: As of FY2026 Q1, the actual value is USD 25.59 M.EPS: As of FY2026 Q1, the actual value is USD -0.76.EBIT: As of FY2026 Q1, the actual value is USD -10.84 M.<h3>Consolidated Financial Performance (Three Months Ended December 31, 2025 vs. December 31, 2024)</h3><ul><li>Total Revenue: Total revenue was $25.6 million, a decrease of $11.6 million, or 31.3%, compared to $37.2 million in the prior fiscal year corresponding period. This decrease was primarily driven by the Energy Solutions segment and lower demand for Hydroconn® cable and connector products in the Smart Water segment .</li><li>Gross Profit: Consolidated gross profit was $2.7 million, an 86.6% decrease from $20.1 million in the prior fiscal year corresponding period, mainly due to decreased revenue in the Energy Solutions segment and a high gross margin on a $17 million sale of ocean bottom nodes in the prior year, alongside increased tariffs on raw materials .</li><li>Operating Expenses: Consolidated operating expenses increased by $0.6 million, or 5.1%, to $12.9 million from $12.3 million in the prior year .</li><li>Other Income: Consolidated other income decreased by $0.1 million, or 13.9%, to $0.6 million from $0.7 million in the prior year .</li><li>Net Income (Loss): The company reported a net loss of - $9.8 million, compared to a net income of $8.4 million for the same period in the prior fiscal year .</li></ul><h3>Segmented Performance (Three Months Ended December 31, 2025 vs. December 31, 2024)</h3><h4>Smart Water Segment</h4><ul><li>Revenue: Revenue decreased by $1.5 million, or 21.0%, to $5.8 million, from $7.3 million, primarily due to reduced demand for Hydroconn® cable and connector products .</li><li>Operating Income (Loss): The segment reported an operating loss of - $0.8 million, compared to an operating income of $0.4 million in the prior period .</li></ul><h4>Energy Solutions Segment</h4><ul><li>Total Revenue: Total revenue decreased by $9.6 million, or 39.7%, to $14.6 million, from $24.3 million .<ul><li>Product Revenue: Decreased by $6.3 million, or 31.5%, to $13.6 million, from $19.8 million .</li><li>Rental Revenue: Decreased by $3.4 million, or 76.1%, to $1.1 million, from $4.5 million, due to lower utilization of the ocean bottom nodes rental fleet .</li></ul></li><li>Operating Income (Loss): The segment reported an operating loss of - $3.4 million, compared to an operating income of $13.3 million in the prior period .</li></ul><h4>Intelligent Industrial Segment</h4><ul><li>Revenue: Revenue decreased by $0.5 million, or 8.4%, to $5.1 million, from $5.6 million .</li><li>Operating Loss: The operating loss decreased by $0.1 million, or 13.5% .</li></ul><h4>Corporate Segment</h4><ul><li>Rental Revenue: Increased to $83 thousand from $76 thousand .</li><li>Operating Loss: The operating loss increased to - $5.2 million from - $4.9 million .</li></ul><h3>Liquidity and Capital Resources (As of December 31, 2025)</h3><ul><li>Cash and Cash Equivalents: Cash and cash equivalents stood at $10.6 million .</li><li>Net Cash Used in Operating Activities: The company used - $15.1 million in operating activities for the three months ended December 31, 2025 .</li><li>Net Cash Used in Investing Activities: The company used - $0.4 million in investing activities, including - $2.5 million for property additions, partially offset by $2.1 million from the sale of rental equipment .</li><li>Net Cash Used in Financing Activities: The company used - $0.3 million in financing activities .</li><li>Credit Facility: Geospace Technologies Corporation (地球空间技术) had no debt outstanding and $25 million in borrowing availability under its revolving credit facility .</li></ul><h3>Outlook and Strategy</h3>Geospace Technologies Corporation (地球空间技术) anticipates continued growth in its Smart Water segment, particularly for Hydroconn® connector cables, and expects future revenue from Aquana smart water valve and IoT technology products . The company projects fiscal year 2026 cash investments in property, plant and equipment to be approximately $5 million, without anticipating a significant increase to its rental fleet . The current cash and available credit are believed to be sufficient to finance future operating losses and planned capital expenditures through the next twelve months, supported by a $6.8 million installment payment received in February 2026 from a Permanent Reservoir Monitoring (PRM) customer and an expected $9.5 million by month-end .

Geospace Tech | 10-Q: FY2026 Q1 Revenue: USD 25.59 M