Geospace acquires heartbeat detection security technology
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Yahoo
2 hours ago
- Yahoo
Geospace Technologies Corporation (GEOS) Acquires Heartbeat Detector Technology; Announces $24 Million Agreement for Initial Pioneer Ultralight Seismic Land Node Sales
Geospace Technologies Corporation (NASDAQ:GEOS) is included in our list of the 13 Hot Oil Stocks to Buy Now. A row of massive oil rigs in a desert landscape, against a setting sun. On August 4, 2025, Geospace Technologies Corporation (NASDAQ:GEOS) bought 100% of the Heartbeat Detector technology from GeoVox Security, Inc., which is a security solution developed by the U.S. Department of Energy's Oak Ridge National Laboratory. The portable device, which has already been deployed in more than a dozen countries to curtail human trafficking, illegal border crossings, and prison escapes, delivers results in under 10 seconds with 99% accuracy. With plans to expand its market reach, Geospace is expected to offer it through a subscription model. Furthermore, on August 11, Geospace Technologies Corporation (NASDAQ:GEOS) announced a $24 million agreement for the first major sales of the Pioneer ultralight seismic land node. Pioneer, which is designed and built in the U.S., delivers high-quality seismic data in a package that weighs less than 0.5 kg. Scheduled for delivery in Q3 2025, it offers operational efficiency and deployment speed. For decades, the company has remained an innovative solutions provider in the oil and gas industry's search for more energy reserves. Serving the energy exploration, security and surveillance, and industrial IoT markets, Geospace Technologies Corporation (NASDAQ:GEOS) provides technology solutions for enhanced situational awareness. It is included in our list of the hot stocks to buy. While we acknowledge the potential of GEOS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 7 Best Potash Stocks to Buy According to Analysts. Disclosure: None.
Yahoo
2 days ago
- Yahoo
Geospace Stock Falls Post Q3 Earnings Despite Smart Water Growth
Shares of Geospace Technologies Corporation GEOS have lost 21.9% since the company reported its earnings for the quarter ended June 30, 2025, against the S&P 500 Index's 0.5% gain over the same period. Over the past month, however, the stock rebounded, gaining 24.4% compared with the S&P 500's 2.1% rise. GEOS' Financial Performance Snapshot For the third quarter of fiscal 2025, Geospace reported revenues of $24.8 million, down 3.9% from $25.9 million a year earlier. Net income stood at $0.8 million, or $0.06 per diluted share, against a net loss of $2.1 million, or $0.16 per share, in the prior-year quarter. Segmentally, Smart Water revenue climbed 6.1% to $10.5 million from $9.9 million, driven by higher demand for Hydroconn connectors. Energy Solutions revenue fell 13.6% to $8.1 million from $9.4 million on lower utilization and sales of marine ocean bottom node rental fleet, while Intelligent Industrial revenue dipped 5.4% to $6.1 million from $6.5 million due to reduced demand for imaging products and the absence of a completed government contract that had benefited last year's results. For the nine months ended June 30, 2025, overall revenue dropped 20% to $80.1 million from $100.2 million, with a net loss of $0.7 million against a profit of $6.3 million in the year-ago period. Geospace's Other Key Business Metrics Gross profit for the quarter was $7.5 million, down 11.6% from $8.5 million last year, as rental revenue slid significantly due to lower utilization of marine ocean bottom nodes. Operating expenses increased 7.9% year over year to $11.8 million from $10.9 million, driven by higher personnel and sales and marketing costs. The company recorded a $4.6 million gain on the sale of idle property adjacent to its facility, bolstering profitability. Smart Water continued its upward trajectory, setting a nine-month revenue record of $27.3 million, up 32.7% from the comparable fiscal 2024 period, fueled by demand for Hydroconn connectors. Conversely, Energy Solutions' nine-month revenue plunged 42% due to weak marine node demand, though it booked its first sale of the new Pioneer ultralight land node. Intelligent Industrial saw a 7.6% revenue drop over nine months, impacted by reduced defense and imaging product demand, partially offset by higher contract manufacturing activity. Cash and short-term investments totaled $25.6 million at the quarter-end compared with $37.1 million as of Sept. 30, 2024, with no outstanding borrowings under its $15 million credit facility. Working capital stood at $74.5 million. Geospace Technologies Corporation Price, Consensus and EPS Surprise Geospace Technologies Corporation price-consensus-eps-surprise-chart | Geospace Technologies Corporation Quote GEOS' Management Commentary CEO Richard 'Rich' Kelley highlighted strategic achievements, including winning a major contract to supply and install nearly 500 kilometers of the OptoSeis Permanent Reservoir Monitoring (PRM) system for Petrobras' Mero Field in Brazil. This $80 million-plus equipment portion of the contract is expected to be fulfilled over 16–18 months, with revenue recognition beginning after milestone agreements are finalized. Kelley also noted the first sale of the Pioneer ultra-light land seismic node, the sale of the streamer recovery device product line, and continued strength in Smart Water driven by Hydroconn connectors. Management underscored the Smart Water segment's record nine-month revenue and its growth potential, especially with the launch of AquaLink, an IoT endpoint for multiunit water monitoring. The Energy Solutions team's recent wins are expected to improve Houston facility utilization and operational efficiency. Factors Influencing Geospace's Headline Numbers The quarter's results reflected mixed segmental dynamics. Robust Smart Water growth was offset by pronounced declines in Energy Solutions and Intelligent Industrial revenues. The Petrobras PRM contract, while strategically significant, did not contribute to the current quarter's numbers. Gains from asset sales, particularly the $9.2 million property disposal, provided a one-time lift to earnings. Operating cost pressures stemmed from workforce and marketing investments aimed at supporting new product launches and expanding market presence. GEOS' Guidance Geospace did not provide specific revenue or earnings guidance for the remainder of fiscal 2025. Management expressed optimism about sustaining profitability through diversification, strategic acquisitions and backlog strength, but acknowledged ongoing headwinds in ocean bottom node markets and the timing uncertainties for certain government security projects. Geospace's Other Developments During the quarter, Geospace sold its streamer recovery device product line to Seis Gear, divesting non-core assets to streamline operations. The acquisition of Heartbeat Detector from Oak Ridge National Laboratory marked a strategic expansion into the security technology market, with potential applications across borders and correctional facilities. Additionally, the company enhanced its Smart Water product portfolio with the launch of AquaLink, an IoT-enabled multi-device water monitoring solution targeting multiunit properties. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Geospace Technologies Corporation (GEOS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Business Wire
3 days ago
- Business Wire
Dawson Geophysical Company Purchases Ultralight Seismic Land Nodes from Geospace Technologies
HOUSTON--(BUSINESS WIRE)-- Geospace Technologies Corporation (NASDAQ: GEOS) ('Geospace') and Dawson Geophysical Company (NASDAQ: DWSN) ('Dawson') today jointly announced the first major sale of the Geospace Pioneer ™, ultralight seismic land node, to Dawson a geophysical services provider. Based on current contract terms the estimated value of the agreement is expected to reach approximately $24 million. The delivery of Pioneer will begin in the third quarter of the calendar year 2025. This investment will allow Dawson to be a leader in the industry, giving us a competitive advantage for large integrated high-resolution, high channel count surveys currently demanded by the exploration & production efforts of our industry leaders. Share 'In our industry, Geospace set the standard for wireless data acquisition land nodes. With Pioneer, we have maintained the data quality output our customers require, while reducing the size and weight of our nodes,' said Rich Kelley, President and CEO, Geospace Technologies. 'We are pleased that an industry leader such as Dawson recognized that you do not need to sacrifice quality to achieve the operational efficiency gains associated with Pioneer's lower power consumption, smaller size, and less weight.' Tony Clark, Dawson's President and CEO, commented, 'After significant field testing, we decided to make an investment to increase our channel count with Geospace's Pioneer product based on the high quality of data offered in a lightweight package. We believe this investment will allow Dawson to be a leader in the industry, giving us a competitive advantage for large integrated high-resolution, high channel count surveys currently demanded by the exploration & production efforts of our industry leaders. We anticipate improved efficiencies in our operations with lighter weight equipment. Additionally, we expect improved calendar efficiency by allowing us to be more competitive for small surveys.' Weighing less than 0.5kg, Pioneer™ is a small, lightweight, single-component, autonomous land wireless seismic data acquisition solution delivering precise, high resolution, accurate survey data. The USA designed and manufactured node continuously records for up to 50 days and offers accelerated deployment with an exclusive QuickDeploy feature. The device was engineered with a proprietary 5Hz geophone for better image quality. For more information on the Pioneer, visit About Dawson Dawson Geophysical Company is a leading provider of North American onshore seismic data acquisition services with operations throughout the continental United States and Canada. Dawson acquires and processes 2-D, 3-D and multi-component seismic data solely for its clients, ranging from major oil and gas companies to independent oil and gas operators, as well as providers of multi-client data libraries. Carbon Capture Utilization and Storage ("CCUS") seismic monitoring continues to grow and be an intricate part of our business. Dawson has acquired several CCUS base surveys and plan to acquire more in the future. About Geospace Technologies Geospace Technologies is a global technology and instrumentation manufacturer specializing in vibration sensing and highly ruggedized products which serve energy, industrial, government and commercial customers worldwide. The Company's products blend engineering expertise with advanced analytic software to optimize energy exploration, enhance national and homeland security, empower water utility and property managers, and streamline electronic printing solutions. With more than four decades of operational excellence, the Company's more than 600 employees across the world are dedicated to engineering and technical quality. Geospace is traded on the U.S. NASDAQ stock exchange under the ticker symbol GEOS. For more information, visit Cautionary Statement Regarding Forward-Looking Statements Certain statements in this press release may be considered "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. In some cases, the reader can identify forward-looking statements by words such as "may," "should," "would," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," or similar words. Forward-looking statements relate to future events or future financial or operating performance of Dawson or Geospace. These forward-looking statements include, among other things, statements regarding the anticipated benefits of the of the transactions described herein, including statements related to potential competitive advantages and improved efficiencies resulting from such transactions, and the benefits Pioneer is expected to deliver. Such forward-looking statements are based upon assumptions made as of the date hereof and are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, risks relating to the efficacy of Pioneer; the risk that the delivery of the equipment may not be delivered in a timely manner or at all; Dawson's and Geospace's ability to execute their respective business strategies and plans for growth; the failure to operationalize the acquired equipment in a timely manner or at all; risks associated with Dawson's ability to finance the transaction; industry conditions, including fluctuations in supply, demand and prices; global and regional economic and financial conditions; and other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in Dawson's and Geospace's filings with the Securities and Exchange Commission ("SEC"), which are available on the SEC's website at There may be additional risks about which the parties are presently unaware or that they currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. The reader should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Dawson and Geospace anticipate that subsequent events and developments may cause their assessments to change. However, while the companies may elect to update these forward-looking statements at some point in the future, they expressly disclaim any duty to update these forward-looking statements, except as otherwise required by law.
