Geospace Technologies Reports Fourth Quarter and Fiscal Year 2024 Results
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Geospace Technologies reported a net loss of $6.6 million for FY24, impacted by fourth quarter non-cash charges of $17.3 million, on revenue of $135.6 million.
November 21, 2024 | 10:00 pm
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Geospace Technologies reported a net loss of $6.6 million for FY24, with significant fourth quarter non-cash charges of $17.3 million, on revenue of $135.6 million.
The reported net loss and significant non-cash charges in the fourth quarter are likely to negatively impact investor sentiment and the stock price in the short term. The financial results indicate challenges in managing costs or revenue generation.
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