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- **Smart Water Growth**: 10% FY25 revenue increase driven by Hydroconn connectors and expanding Aquana market share.
- **Energy Solutions Challenges**: 35% FY25 revenue decline due to low oil prices, offset by strategic wins (Pioneer, Petrobras PRM).
- **Industrial Segment Expansion**: 9% Q4 growth from sensors/manufacturing; Heartbeat Detector acquisition adds recurring revenue.
- **Financial Health**: $26.3M cash, $8M credit facility; $9.1M fleet investment.
- **Project Delays**: Petrobras PRM shipments mid-2026; Dawson contract delayed; government projects pushed to 2026.

**CEO Summary Section**
- **Q4 2025 Financials**: Revenue of $30.7 million, net loss of $9.1 million. Full-year revenue $110.8 million, net loss $9.7 million.
- **Smart Water Segment**: 10% FY25 growth driven by Hydroconn connectors; Aquana products gaining traction in U.S. and Caribbean.
- **Energy Solutions**: 35% FY25 revenue decline due to low oil prices and fleet underutilization; strategic wins include Petrobras PRM contract and Pioneer sales.
- **Intelligent Industrial Segment**: 9% Q4 growth from industrial sensors and contract manufacturing; Heartbeat Detector acquisition adds recurring revenue potential.
- **Strategic Moves**: $1.8 million investment in Heartbeat Detector; restructuring Exile product line to improve margins.

**CFO Financial Commentary**
- **Segment Breakdown**: Smart Water ($35.8M FY25), Energy Solutions ($50.7M FY25), Industrial ($24M FY25).
- **Cash Position**: $26.3M cash, $8M credit facility; $9.1M invested in rental fleet and PP&E.
- **Tariff Impact**: Higher COGS in Q4 due to tariffs; procurement team working to mitigate ongoing costs.

**Q&A Highlights**
- **Gross Margin Pressures**: Pioneer manufacturing inefficiencies resolved; expect improved margins in FY26. PRM project expected to offset land node margin challenges.
- **Project Shipments**: Petrobras PRM first shipments mid-2026; Dawson Geophysical contract delayed by customer. Navy projects delayed until Q3/Q4 2026.
- **Government Contracts**: CBP tunnel detection project feedback expected Q2 2026; Navy project delayed to mid-2026.

Geospace Technologies Corporation (GEOS) Q4 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

GEOS

GEOS fundamentals

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