Geospace Technologies Corporation reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported sales was USD 12.99 million compared to USD 7.23 million a year ago. Revenue was USD 32.72 million compared to USD 20.69 million a year ago. Net income was USD 3.23 million compared to net loss of USD 6.57 million a year ago. Basic earnings per share from continuing operations was USD 0.25 compared to basic loss per share from continuing operations of USD 0.51 a year ago. Diluted earnings per share from continuing operations was USD 0.24 compared to diluted loss per share from continuing operations of USD 0.51 a year ago.
For the nine months, sales was USD 38.22 million compared to USD 15.32 million a year ago. Revenue was USD 95.19 million compared to USD 63.38 million a year ago. Net income was USD 7.77 million compared to net loss of USD 14.82 million a year ago. Basic earnings per share from continuing operations was USD 0.59 compared to basic loss per share from continuing operations of USD 1.14 a year ago. Diluted earnings per share from continuing operations was USD 0.59 compared to diluted loss per share from continuing operations of USD 1.14 a year ago.