GEOSPACE TECHNOLOGIES CORP — Form 8-K
Filed August 7, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 48/100
What the filing says
Geospace Technologies' Quantum Technology Sciences subsidiary received a $10.8 million firm-fixed-price U.S. Navy contract for seismic acoustic detection system (completion by Dec 2027). However, Q3 2026 revenue fell 36% to $15.8M (vs. $24.8M prior year); 9-month revenue down 24% to $61.1M. Net loss for 9 months was $30.5M ($(2.37)/share) vs. $(0.7)M loss prior year. Smart Water revenue collapsed 56% in Q3 ($4.6M vs. $10.5M); cash declined from $26.3M to $2.8M.
Why this rating
Navy contract is meaningful (12% of market cap) but overshadowed by severe revenue decline (36% Q3, 24% YTD), massive cash burn ($27.3M operating), margin compression, and Smart Water collapse. Liquidity deteriorating but covenant-compliant.
See more from August 7, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.