Every material Form 8-K GEOSPACE TECHNOLOGIES CORP has filed with the SEC since May 07, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Geospace Technologies entered into a three-year, $25 million revolving credit facility with Amerisource Funding on October 29, 2026, and used it to repay and terminate its existing Woodforest credit agreement, which had a $7.5 million outstanding balance. The new facility carries prime plus 3.5% interest, is secured by substantially all borrower assets, and includes a $65.0 million minimum tangible net worth covenant, so shareholders should note the tighter terms and the lender's default provisions.
New Amerisource revolver: $25 million maximum availability, subject to a borrowing base, three-year term
Interest at prime rate plus 3.5% per annum; default rate of 18% per annum if obligations are accelerated
Minimum tangible net worth covenant of $65.0 million; 1.00% annual commitment fee and 0.25% non-usage fee
Woodforest credit agreement, which had a $7.5 million outstanding balance, was repaid and terminated, with no material early termination penalties reported
Geospace Technologies reported a third-quarter fiscal 2026 net loss of $9.7 million, or $(0.75) per diluted share, compared with net income of $0.8 million, or $0.06 per diluted share, a year earlier, on revenue of $15.8 million versus $24.8 million. For the nine months ended June 30, 2026, the net loss was $30.5 million, or $(2.37) per diluted share, and the company used $27.3 million in cash from operating activities, which weighs on shareholders.
Q3 revenue $15.8 million vs. $24.8 million a year earlier; net loss $9.7 million, $(0.75) per diluted share, vs. net income of $0.8 million, $0.06 per share
Nine-month revenue $61.1 million vs. $80.1 million; net loss $30.5 million, $(2.37) per diluted share
Smart Water revenue $4.6 million vs. $10.5 million; Energy Solutions $5.9 million vs. $8.1 million; Intelligent Industrial $5.2 million vs. $6.1 million
U.S. Navy awarded a $10.8 million firm-fixed price contract to subsidiary Quantum Technology Sciences, expected to complete by December 2027; working capital was $40.6 million at June 30, 2026
Geospace Technologies reported fiscal second-quarter 2026 revenue of $19.7 million, up from $18.0 million a year earlier, but its net loss widened to $11.1 million, or $(0.86) per diluted share, from $9.8 million, or $(0.77). The company also said it will cut about 20% of its workforce, with expected annualized savings of roughly $12 million and about $1.3 million in restructuring charges.
Q2 revenue $19.7 million vs. $18.0 million a year earlier; Smart Water revenue fell to $3.7 million from $9.5 million
Six-month net loss $20.8 million, or $(1.62) per diluted share, vs. $1.4 million, or $(0.11), a year earlier; six-month revenue $45.3 million vs. $55.2 million
Workforce reduction of approximately 20% with a voluntary early retirement program; roughly $12 million annualized savings and about $1.3 million in restructuring charges expected in the second and third quarters of fiscal 2026
Cash and cash equivalents of $13.4 million at March 31, 2026, with $25.0 million of undrawn bank borrowing availability
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every GEOSPACE TECHNOLOGIES CORP filing is on SEC EDGAR ↗. 8-K briefs of other companies →