Geospace technologies corp (GEOS)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Jun'10
Revenue:
Products

9,517

9,083

11,390

12,153

11,845

10,459

12,852

13,270

13,910

13,274

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rental

16,390

16,615

17,548

10,720

14,278

7,416

7,735

8,000

5,337

1,370

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total revenue

25,907

25,698

28,938

22,873

26,123

17,875

20,587

21,270

19,247

14,644

23,683

14,195

20,558

15,285

16,314

17,678

14,931

13,137

16,008

19,751

27,942

21,166

26,285

40,728

68,551

101,348

68,288

78,148

76,420

77,751

36,949

55,201

56,233

43,281

32,805

46,368

50,696

43,101

35,292

Cost of revenue:
Products

9,722

9,903

13,085

10,508

11,246

11,220

11,796

12,956

14,065

13,096

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rental

8,280

5,305

5,456

4,775

4,526

3,565

3,527

3,637

3,183

2,516

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total cost of revenue

18,002

15,208

18,541

15,283

15,772

14,785

15,323

16,593

17,248

15,612

33,369

19,307

23,116

18,612

21,781

20,578

19,525

19,539

25,297

23,057

26,526

21,187

20,196

25,352

40,648

54,257

38,508

44,273

40,859

37,206

23,563

32,241

31,173

22,623

20,025

25,812

29,012

24,008

20,392

Gross profit

7,905

10,490

10,397

7,590

10,351

3,090

5,264

4,677

1,999

-968

-9,686

-5,112

-2,558

-3,327

-5,467

-2,900

-4,594

-6,402

-9,289

-3,306

1,416

-21

6,089

15,376

27,903

47,091

29,780

33,875

35,561

40,545

13,386

22,960

25,060

20,658

12,780

20,556

21,684

19,093

14,900

Operating expenses:
Selling, general and administrative

6,066

5,997

6,133

6,050

5,358

6,085

5,409

4,551

4,785

5,129

5,146

4,972

5,026

5,094

5,217

5,125

5,617

5,574

5,380

5,469

5,953

5,869

5,798

6,237

6,554

6,702

6,511

5,610

5,899

5,363

4,430

4,838

4,911

4,735

4,187

4,114

5,308

4,442

4,284

Research and development

4,225

4,296

4,180

4,246

3,898

3,171

2,707

2,537

2,430

3,158

3,324

3,674

3,412

3,372

3,295

3,441

3,510

3,605

4,138

3,564

3,691

3,301

3,397

3,667

5,097

4,375

4,234

3,327

3,768

3,365

2,969

2,800

3,509

2,889

2,544

2,820

3,225

2,940

2,842

Change in estimated fair value of contingent consideration

972

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt expense (recovery)

8,124

27

-163

629

73

-103

-2,072

2,725

6

350

22

16

64

-482

-941

549

266

889

1,017

112

321

697

176

14

296

347

-97

-53

338

269

-207

-279

168

436

-17

112

103

-70

84

Total operating expenses

19,387

10,320

-

-

9,329

9,153

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

-

-

-

10,925

-

-

-

9,813

7,221

8,637

8,492

8,662

8,502

7,984

9,349

9,115

9,393

8,290

12,378

9,145

9,965

9,867

9,371

9,918

11,947

11,424

10,648

8,884

10,005

8,997

7,192

7,359

8,588

8,060

6,714

7,046

8,636

7,312

7,210

Gain (loss) on disposal of equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

0

16

-

Income (loss) from operations

-11,482

170

9,409

-3,335

1,022

-6,063

-780

-5,136

-5,222

-9,605

-18,178

-13,774

-11,060

-11,311

-14,816

-12,015

-13,987

-14,692

-21,667

-12,451

-8,549

-9,888

-3,282

5,458

15,956

35,667

19,132

24,991

25,556

31,548

6,194

15,601

16,472

12,598

6,049

13,511

13,048

11,797

7,690

Other income (expense):
Interest expense

11

12

14

28

23

34

51

94

127

64

15

8

8

8

8

7

4

7

-26

36

107

112

93

143

103

132

65

62

48

85

-

76

43

-

0

0

0

43

51

Interest income

216

134

410

446

180

272

284

257

279

263

201

185

137

130

124

84

62

106

115

138

115

59

55

12

25

31

185

236

230

229

182

118

176

267

101

37

67

62

76

Foreign exchange gains (losses), net

108

-132

56

-1

119

67

409

264

-306

-43

61

-120

-215

-65

-104

-678

679

-10

1,001

-567

599

1,589

50

52

101

-21

195

-235

-714

46

173

-9

171

122

44

-10

-94

140

-125

Other, net

-28

-29

-29

-54

-41

-88

-32

-34

-29

-25

-16

-11

-16

-17

-10

-16

-18

-16

38

-24

-23

-90

-2

-50

-12

-26

-38

11

-3

-16

51

-47

47

-55

-51

-2

-17

-20

-3

Total other income (expense), net

285

-39

423

363

235

217

610

393

-183

131

231

46

-102

40

2

-617

719

73

1,180

-489

584

1,446

10

-129

11

-148

274

-50

-532

174

326

-14

351

334

94

25

-44

139

-103

Income (loss) before income taxes

-11,197

131

9,832

-2,972

1,257

-5,846

-170

-4,743

-5,405

-9,474

-17,947

-13,728

-11,162

-11,271

-14,814

-12,632

-13,268

-14,619

-20,487

-12,940

-7,965

-8,442

-3,272

5,329

15,967

35,519

19,406

24,941

25,024

31,722

6,520

15,587

16,823

12,932

6,143

13,536

13,004

11,936

7,587

Income tax expense

607

1,420

1,160

700

550

7

37

53

-676

6

1,260

648

341

434

-2,505

-978

-2,303

-3,577

-7,037

-4,376

-2,783

-2,997

-1,439

1,577

5,151

11,343

5,722

7,950

8,155

9,709

2,254

4,851

5,392

4,247

2,554

4,329

4,302

3,723

2,510

Net income (loss)

-11,804

-1,289

8,672

-3,672

707

-5,853

-207

-4,796

-4,729

-9,480

-19,207

-14,376

-11,503

-11,705

-12,309

-11,654

-10,965

-11,042

-13,450

-8,564

-5,182

-5,445

-1,833

3,752

10,816

24,176

13,684

16,991

16,869

22,013

4,266

10,736

11,431

8,685

3,589

9,207

8,702

8,213

5,077

Income (loss) per common share:
Basic

-0.87

-0.10

0.65

-0.27

0.05

-0.44

-0.01

-0.36

-0.36

-0.72

-1.46

-1.09

-0.88

-0.89

-0.94

-0.89

-0.84

-0.85

-1.04

-0.66

-0.40

-0.41

-0.16

0.29

0.83

1.86

1.05

1.32

1.31

1.72

0.34

0.84

0.90

0.68

-1.83

1.47

1.41

1.34

0.84

Diluted

-0.87

-0.10

0.65

-0.27

0.05

-0.44

-0.01

-0.36

-0.36

-0.72

-1.46

-1.09

-0.88

-0.89

-0.94

-0.89

-0.84

-0.85

-1.04

-0.66

-0.40

-0.41

-0.15

0.29

0.82

1.85

1.07

1.31

1.30

1.70

0.34

0.83

0.89

0.68

-1.76

1.44

1.38

1.30

0.81

Weighted average common shares outstanding:
Basic

13,541

13,454

13,408

13,405

13,401

13,339

13,270

13,266

13,264

13,202

13,148

13,147

13,146

13,094

13,053

13,051

13,049

13,024

13,004

13,002

13,002

12,977

12,954

12,951

12,950

12,947

12,923

12,911

12,882

12,827

12,763

12,748

12,726

12,704

31,222

6,257

6,166

6,118

6,032

Diluted

13,541

13,454

13,252

13,405

13,557

13,339

13,270

13,266

13,264

13,202

13,148

13,147

13,146

13,094

13,053

13,051

13,049

13,024

13,004

13,002

13,002

12,977

12,985

12,999

13,002

13,000

12,889

12,982

12,955

12,926

12,766

12,882

12,860

12,835

31,311

6,375

6,297

6,306

6,240

Products
Total revenue

-

-

-

-

-

-

-

-

-

-

22,095

12,888

14,775

10,297

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total cost of revenue

-

-

-

-

-

-

-

-

-

-

30,424

15,489

18,799

14,836

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rental equipment
Total revenue

-

-

-

-

-

-

-

-

-

-

1,588

1,307

5,783

4,988

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total cost of revenue

-

-

-

-

-

-

-

-

-

-

2,945

3,818

4,317

3,776

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-