$GEOS
GEOSPACE TECHNOLOGIES CORP

2022 Q3 Form 10-Q Financial Statement

#000095017022016396 Filed on August 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $25.87M $20.69M $24.70M
YoY Change 33.16% -10.36% 3.38%
Cost Of Revenue $19.99M $17.04M $17.89M
YoY Change 22.39% -2.38% -22.37%
Gross Profit $5.880M $3.651M $6.810M
YoY Change 89.98% -35.12% 704.01%
Gross Profit Margin 22.73% 17.65% 27.57%
Selling, General & Admin $5.550M $6.373M $5.991M
YoY Change -4.43% 21.55% 9.36%
% of Gross Profit 94.39% 174.55% 87.97%
Research & Development $4.054M $4.108M $4.673M
YoY Change 4.06% 12.3% 24.12%
% of Gross Profit 68.95% 112.52% 68.62%
Depreciation & Amortization $4.583M $4.808M $5.075M
YoY Change -11.7% -3.4% -5.32%
% of Gross Profit 77.94% 131.69% 74.52%
Operating Expenses $9.611M $10.48M $10.66M
YoY Change 21.78% 17.75% 15.37%
Operating Profit -$3.731M -$6.534M -$1.649M
YoY Change -22.22% 167.9% -79.83%
Interest Expense $48.00K $26.00K $219.0K
YoY Change -2.04% -98.58% -72.63%
% of Operating Profit
Other Income/Expense, Net -$18.00K $28.00K $200.0K
YoY Change -700.0% -98.46% -81.01%
Pretax Income -$8.037M -$6.506M -$1.449M
YoY Change 69.38% 952.75% -79.66%
Income Tax $3.000K $100.0K $25.00K
% Of Pretax Income
Net Earnings -$8.040M -$6.574M -$1.474M
YoY Change 59.68% 735.32% -79.48%
Net Earnings / Revenue -31.08% -31.77% -5.97%
Basic Earnings Per Share -$0.51 -$0.11
Diluted Earnings Per Share -$617.5K -$0.51 -$0.11
COMMON SHARES
Basic Shares Outstanding 13.02M 13.01M 13.00M
Diluted Shares Outstanding 13.01M 13.00M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.00M $9.066M $11.87M
YoY Change -27.84% -69.75% -66.18%
Cash & Equivalents $16.11M $7.468M $8.211M
Short-Term Investments $894.0K $1.598M $3.660M
Other Short-Term Assets $2.077M $2.614M $1.170M
YoY Change 0.73% 2.23% -70.0%
Inventory $20.00M $18.87M $18.33M
Prepaid Expenses
Receivables $12.66M $12.29M $10.33M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $59.96M $56.95M $56.58M
YoY Change -0.11% -16.55% -16.26%
LONG-TERM ASSETS
Property, Plant & Equipment $26.60M $27.84M $28.26M
YoY Change -11.29% -61.64% -4.95%
Goodwill $736.0K $5.072M $5.072M
YoY Change -85.49% 16.95% 16.95%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $506.0K $411.0K $210.0K
YoY Change 10.72% -97.76% -99.16%
Total Long-Term Assets $75.10M $85.45M $89.03M
YoY Change -27.72% -18.21% -18.48%
TOTAL ASSETS
Total Short-Term Assets $59.96M $56.95M $56.58M
Total Long-Term Assets $75.10M $85.45M $89.03M
Total Assets $135.1M $142.4M $145.6M
YoY Change -17.61% -17.55% -17.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.595M $4.163M $4.640M
YoY Change -12.46% 40.03% -11.25%
Accrued Expenses $241.0K $237.0K $233.0K
YoY Change 7.11% 7.24% 16.5%
Deferred Revenue $0.00 $0.00 $0.00
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $12.63M $12.31M $11.52M
YoY Change -17.05% -13.76% -28.87%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $769.0K $16.00K $23.00K
YoY Change 2380.65% -99.8% -99.74%
Total Long-Term Liabilities $769.0K $16.00K $23.00K
YoY Change 2380.65% -99.8% -99.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.63M $12.31M $11.52M
Total Long-Term Liabilities $769.0K $16.00K $23.00K
Total Liabilities $13.41M $13.16M $12.83M
YoY Change -37.55% -40.99% -48.87%
SHAREHOLDERS EQUITY
Retained Earnings $49.65M $57.69M $64.27M
YoY Change -31.52%
Common Stock $94.81M $94.42M $94.03M
YoY Change 1.86%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.500M $7.500M $7.500M
YoY Change 10.21% 222.16%
Treasury Stock Shares $842.0K $842.0K $842.0K
Shareholders Equity $121.6M $129.2M $132.8M
YoY Change
Total Liabilities & Shareholders Equity $135.1M $142.4M $145.6M
YoY Change -17.61% -17.55% -17.63%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$8.040M -$6.574M -$1.474M
YoY Change 59.68% 735.32% -79.48%
Depreciation, Depletion And Amortization $4.583M $4.808M $5.075M
YoY Change -11.7% -3.4% -5.32%
Cash From Operating Activities $3.246M -$2.949M -$3.006M
YoY Change 846.36% -17.74% -51.83%
INVESTING ACTIVITIES
Capital Expenditures -$928.0K -$2.157M -$1.950M
YoY Change -30.23% -4.09% 74.11%
Acquisitions
YoY Change
Other Investing Activities $6.399M $4.988M $5.877M
YoY Change -2033.23% -220.54% -7.45%
Cash From Investing Activities $5.471M $2.831M $3.927M
YoY Change -429.38% -144.32% -24.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -211.0K 0.000
YoY Change -100.0% -83.23% -100.0%
NET CHANGE
Cash From Operating Activities 3.246M -2.949M -3.006M
Cash From Investing Activities 5.471M 2.831M 3.927M
Cash From Financing Activities 0.000 -211.0K 0.000
Net Change In Cash 8.717M -329.0K 921.0K
YoY Change -246.36% -97.07% -136.69%
FREE CASH FLOW
Cash From Operating Activities $3.246M -$2.949M -$3.006M
Capital Expenditures -$928.0K -$2.157M -$1.950M
Free Cash Flow $4.174M -$792.0K -$1.056M
YoY Change 149.49% -40.72% -79.37%

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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022Q1 us-gaap Stockholders Equity
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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CY2022Q2 us-gaap Net Income Loss
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CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q2 us-gaap Net Income Loss
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CY2021Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
532000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
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CY2021Q2 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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CY2021Q3 us-gaap Stockholders Equity
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CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2021Q4 geos Stock Issued During Period Value Stock Options Vesting Of Restricted Stock Units
StockIssuedDuringPeriodValueStockOptionsVestingOfRestrictedStockUnits
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CY2021Q4 us-gaap Treasury Stock Value Acquired Cost Method
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CY2021Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2021Q4 us-gaap Stockholders Equity
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2022Q2 us-gaap Stockholders Equity
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CY2020Q3 us-gaap Stockholders Equity
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CY2020Q4 us-gaap Net Income Loss
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CY2020Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2020Q4 us-gaap Treasury Stock Value Acquired Cost Method
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CY2020Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2020Q4 us-gaap Stockholders Equity
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CY2021Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2021Q1 us-gaap Treasury Stock Value Acquired Cost Method
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2021Q1 us-gaap Stockholders Equity
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CY2021Q2 us-gaap Net Income Loss
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CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2021Q2 us-gaap Treasury Stock Value Acquired Cost Method
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2021Q2 us-gaap Stockholders Equity
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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Equipment Expense
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us-gaap Depreciation
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geos Accretion Of Discounts On Short Term Investments
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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geos Inventory Obsolescence Expense
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geos Inventory Obsolescence Expense
InventoryObsolescenceExpense
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geos Estimated Fair Value For Contingent Consideration
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geos Estimated Fair Value For Contingent Consideration
EstimatedFairValueForContingentConsideration
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geos Gain Loss From Sale Of Used Rental Equipment
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us-gaap Gain Loss On Disposition Of Assets
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us-gaap Debt Securities Available For Sale Realized Gain Loss
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geos Increase Decrease In Trade Accounts And Notes Receivables
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us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Accounts Payable Trade
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us-gaap Increase Decrease In Accounts Payable Trade
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us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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geos Proceeds From Sale Of Used Rental Equipment
ProceedsFromSaleOfUsedRentalEquipment
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geos Proceeds From Sale Of Used Rental Equipment
ProceedsFromSaleOfUsedRentalEquipment
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us-gaap Payments To Acquire Short Term Investments
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us-gaap Payments To Acquire Short Term Investments
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ProceedsFromSaleOfShortTermInvestments
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us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
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us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Payment For Contingent Consideration Liability Financing Activities
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us-gaap Payments Of Debt Issuance Costs
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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geos Issuance Of Notes Receivable In Connection With Sale Of Used Rental Equipment
IssuanceOfNotesReceivableInConnectionWithSaleOfUsedRentalEquipment
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geos Inventories Transferred To Rental Equipment
InventoriesTransferredToRentalEquipment
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geos Inventories Transferred To Rental Equipment
InventoriesTransferredToRentalEquipment
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geos Inventory Transferred To Property Plant And Equipment
InventoryTransferredToPropertyPlantAndEquipment
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us-gaap Use Of Estimates
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<p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:6.667%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the use of estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. The Company considers many factors in selecting appropriate operational and financial accounting policies and controls, and in developing the estimates and assumptions that are used in the preparation of these financial statements. The Company continually evaluates its estimates, including those related to bad debt reserves, collectability of rental revenue, inventory obsolescence reserves, self-insurance reserves, product warranty reserves, useful lives of long-lived assets, impairment of long-lived assets and intangible assets, contingent consideration and deferred income tax assets. The Company bases its estimates on historical experience and various other factors that are believed to be reasonable under the circumstances. While management believes current estimates are reasonable and appropriate, actual results may differ from these estimates under different conditions or assumptions.</span></p>
CY2022Q2 us-gaap Restricted Cash
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CY2021Q3 us-gaap Restricted Cash
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CY2022Q2 geos Cash And Cash Equivalents Held By Foreign Subsidiaries
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CY2022Q2 us-gaap Change In Accounting Principle Accounting Standards Update Immaterial Effect
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CY2022Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P1Y
CY2022Q2 us-gaap Contract With Customer Liability Current
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CY2021Q3 us-gaap Contract With Customer Liability Current
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CY2022Q2 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
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CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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48060000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022Q2 us-gaap Debt Securities Realized Gain Loss
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CY2021Q2 us-gaap Debt Securities Realized Gain Loss
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us-gaap Amortization Of Intangible Assets
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CY2022Q2 us-gaap Accounts Receivable Gross Current
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CY2021Q3 us-gaap Accounts Receivable Gross Current
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CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2021Q3 us-gaap Accounts Receivable Net Current
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CY2021Q3 us-gaap Notes Receivable Gross
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CY2021Q3 geos Financing Receivables Deferred Income
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6000
CY2022Q2 geos Financing Receivables Deferred Income Net Of Deferred Income
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CY2021Q3 geos Financing Receivables Deferred Income Net Of Deferred Income
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CY2022Q2 us-gaap Notes And Loans Receivable Net Current
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CY2022Q2 us-gaap Notes And Loans Receivable Net Noncurrent
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CY2021Q3 us-gaap Inventory Finished Goods
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CY2022Q2 us-gaap Inventory Work In Process
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CY2021Q3 us-gaap Inventory Work In Process
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CY2022Q2 us-gaap Inventory Raw Materials
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CY2021Q3 us-gaap Inventory Raw Materials
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CY2022Q2 us-gaap Inventory Valuation Reserves
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CY2021Q3 us-gaap Inventory Valuation Reserves
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CY2022Q2 geos Inventory Current And Noncurrent
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CY2021Q3 geos Inventory Current And Noncurrent
InventoryCurrentAndNoncurrent
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CY2022Q2 us-gaap Inventory Net
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CY2021Q3 us-gaap Inventory Net
InventoryNet
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CY2022Q2 us-gaap Inventory Noncurrent
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CY2021Q3 us-gaap Inventory Noncurrent
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CY2022Q2 us-gaap Inventory Work In Process Net Of Reserves
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CY2021Q3 us-gaap Inventory Work In Process Net Of Reserves
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CY2022Q2 geos Finished Goods And Raw Materials Reserved
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CY2021Q3 geos Finished Goods And Raw Materials Reserved
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CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
72000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
270000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
278000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
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CY2022Q2 geos Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
225000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1161000
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
88000
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1073000
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
237000
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
836000
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
68000
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
67000
us-gaap Operating Lease Cost
OperatingLeaseCost
204000
us-gaap Operating Lease Cost
OperatingLeaseCost
178000
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
52000
CY2021Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
52000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
148000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
192000
CY2022Q2 us-gaap Lease Cost
LeaseCost
120000
CY2021Q2 us-gaap Lease Cost
LeaseCost
119000
us-gaap Lease Cost
LeaseCost
352000
us-gaap Lease Cost
LeaseCost
370000
CY2022Q2 us-gaap Goodwill
Goodwill
5072000
CY2021Q3 us-gaap Goodwill
Goodwill
5072000
us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P7Y8M12D
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
12583000
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
12583000
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6672000
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5333000
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5911000
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7250000
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
400000
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
400000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1300000
us-gaap Operating Lease Payments
OperatingLeasePayments
190000
us-gaap Operating Lease Payments
OperatingLeasePayments
142000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1336000
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y10M24D
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y9M18D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0325
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0325
CY2022Q2 geos Rental Equipment Gross
RentalEquipmentGross
85912000
CY2021Q3 geos Rental Equipment Gross
RentalEquipmentGross
95827000
CY2022Q2 geos Rental Equipment Accumulated Depreciation And Impairment
RentalEquipmentAccumulatedDepreciationAndImpairment
55002000
CY2021Q3 geos Rental Equipment Accumulated Depreciation And Impairment
RentalEquipmentAccumulatedDepreciationAndImpairment
56922000
CY2022Q2 geos Rental Equipment Net
RentalEquipmentNet
30910000
CY2021Q3 geos Rental Equipment Net
RentalEquipmentNet
38905000
geos Number Of Operating Rental Revenue Property Lease
NumberOfOperatingRentalRevenuePropertyLease
2
CY2022Q2 geos Number Of Operating Rental Revenue Property Lease
NumberOfOperatingRentalRevenuePropertyLease
2
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
49000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
136000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
128000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
131000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
132000
CY2022Q2 geos Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
11000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
338000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
768000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
395000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
381000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
374000
CY2022Q2 geos Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
3655000
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5911000
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
0
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-6574000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-787000
us-gaap Net Income Loss
NetIncomeLoss
-14816000
us-gaap Net Income Loss
NetIncomeLoss
-9021000
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-6574000
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-787000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-14816000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-9021000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13013616
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13353254
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12977146
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13464177
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13013616
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13353254
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12977146
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13464177
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.51
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.67
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.51
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.67
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
100000
us-gaap Operating Lease Expense
OperatingLeaseExpense
400000
CY2021Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
100000
us-gaap Operating Lease Expense
OperatingLeaseExpense
400000
CY2022Q2 us-gaap Revenues
Revenues
20691000
CY2021Q2 us-gaap Revenues
Revenues
23083000
us-gaap Revenues
Revenues
63382000
us-gaap Revenues
Revenues
75435000
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-6534000
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-2439000
us-gaap Operating Income Loss
OperatingIncomeLoss
-15069000
us-gaap Operating Income Loss
OperatingIncomeLoss
-12074000
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000

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