Geospace Technologies (GEOS) - 2024 Q4 - Annual Results

Exhibit 99.1 NEWS RELEASE GEOSPACE TECHNOLOGIES REPORTS FOURTH QUARTER AND FISCAL YEAR 2024 RESULTS Company's Hydroconn Smart Water Connector Cable Reports Record Setting Year Houston, Texas – November 21, 2024 – Geospace Technologies Corporation (NASDAQ: GEOS) ("the "Company") today announced a net loss of $6.6 million after fourth quarter non-cash charges of $17.3 million on revenue of $135.6 million, for its fiscal year ended September 30, 2024. This compares with net income of $12.2 million on revenue o ...