By Katherine Hamilton
Geospace Technologies shares fell after the company said oil volatility and market uncertainty weighed on its fiscal fourth quarter results.
The stock slipped 11%, to $15.38, in after-hours trading Thursday. Through the close, the stock was up 72% this year.
Sales dropped 13%, to $30.7 million, in the quarter ended Sept. 30, the sensor maker said Thursday.
It recorded a loss of $9.1 million, or 71 cents a share, from a loss of $12.9 million, or $1 a share, the year before.
Market uncertainty and volatility in oil prices resulted in lower sales in the company's energy-solutions business, Chief Executive Rich Kelley said. Offshore exploration decreased, while competition and consolidation increased.
These factors have resulted in less use of Geospace's ocean-bottom node rental fleet, negatively affecting revenue.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
November 20, 2025 18:28 ET (23:28 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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