2024 Q3 Form 10-Q Financial Statement

#000143774924025790 Filed on August 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q3
Revenue $35.44M $25.86M $29.30M
YoY Change 20.95% -20.96% 13.25%
Cost Of Revenue $19.51M $17.33M $15.10M
YoY Change 29.19% -7.49% -24.47%
Gross Profit $15.93M $8.526M $14.20M
YoY Change 12.18% -39.01% 141.5%
Gross Profit Margin 44.95% 32.97% 48.46%
Selling, General & Admin $7.215M $6.941M $6.400M
YoY Change 12.73% 4.3% 15.32%
% of Gross Profit 45.29% 81.41% 45.07%
Research & Development $4.775M $4.011M $3.800M
YoY Change 25.66% -7.92% -6.27%
% of Gross Profit 29.97% 47.04% 26.76%
Depreciation & Amortization $3.337M $3.517M $3.630M
YoY Change -8.07% 290.78% -20.79%
% of Gross Profit 20.95% 41.25% 25.56%
Operating Expenses $11.99M $10.92M $10.10M
YoY Change 18.71% 0.79% 5.09%
Operating Profit $3.940M -$2.393M $4.100M
YoY Change -3.9% -176.06% -209.89%
Interest Expense $544.0K $358.0K $500.0K
YoY Change 8.8% 1527.27% 941.67%
% of Operating Profit 13.81% 12.2%
Other Income/Expense, Net -$39.00K $321.0K -$100.0K
YoY Change -61.0% 6.64% 455.56%
Pretax Income -$12.86M -$2.072M $4.500M
YoY Change -385.67% -160.11% -155.99%
Income Tax $5.000K -$2.000K $100.0K
% Of Pretax Income 2.22%
Net Earnings -$12.86M -$2.070M $4.400M
YoY Change -392.27% -164.13% -154.73%
Net Earnings / Revenue -36.29% -8.01% 15.02%
Basic Earnings Per Share -$0.16
Diluted Earnings Per Share -$1.01 -$0.16 $0.33
COMMON SHARES
Basic Shares Outstanding 12.91M 13.36M 13.19M
Diluted Shares Outstanding 13.22M

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $37.12M $42.52M $33.50M
YoY Change 10.81% 57.68% 97.02%
Cash & Equivalents $6.895M $12.33M $18.80M
Short-Term Investments $30.23M $30.19M $14.90M
Other Short-Term Assets $4.154M $2.771M $2.500M
YoY Change 66.16% -20.83% 20.37%
Inventory $26.22M $24.56M $18.43M
Prepaid Expenses
Receivables $14.64M $16.16M $20.16M
Other Receivables $0.00 $0.00 $1.200M
Total Short-Term Assets $89.37M $86.01M $75.78M
YoY Change 17.93% 12.61% 26.38%
LONG-TERM ASSETS
Property, Plant & Equipment $21.08M $24.04M $24.05M
YoY Change -12.33% 9.66% -9.59%
Goodwill $736.0K $736.0K $736.0K
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $304.0K $361.0K $486.0K
YoY Change -37.45% 54.94% -3.95%
Total Long-Term Assets $62.83M $65.95M $77.26M
YoY Change -18.68% -4.85% 2.89%
TOTAL ASSETS
Total Short-Term Assets $89.37M $86.01M $75.78M
Total Long-Term Assets $62.83M $65.95M $77.26M
Total Assets $152.2M $152.0M $153.0M
YoY Change -0.55% 4.3% 13.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.003M $4.230M $6.659M
YoY Change 20.18% -38.55% 19.02%
Accrued Expenses $173.0K $215.0K $300.0K
YoY Change -42.33% -15.02% 24.48%
Deferred Revenue $0.00 $0.00 $700.0K
YoY Change -100.0% -100.0%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $17.20M $14.14M $19.80M
YoY Change -13.14% -12.33% 56.79%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $339.0K $368.0K $500.0K
YoY Change -32.2% -36.88% -34.98%
Total Long-Term Liabilities $339.0K $368.0K $500.0K
YoY Change -32.2% -36.88% -34.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.20M $14.14M $19.80M
Total Long-Term Liabilities $339.0K $368.0K $500.0K
Total Liabilities $17.57M $14.53M $20.33M
YoY Change -13.56% -13.12% 51.58%
SHAREHOLDERS EQUITY
Retained Earnings $55.28M $68.14M $61.86M
YoY Change -10.63% 18.67% 24.58%
Common Stock $97.48M $97.21M $96.18M
YoY Change 1.36% 1.39% 1.45%
Preferred Stock
YoY Change
Treasury Stock (at cost) $13.89M $10.50M $7.500M
YoY Change 85.13% 0.0%
Treasury Stock Shares
Shareholders Equity $134.6M $137.4M $132.7M
YoY Change
Total Liabilities & Shareholders Equity $152.2M $152.0M $153.0M
YoY Change -0.55% 4.3% 13.32%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q3
OPERATING ACTIVITIES
Net Income -$12.86M -$2.070M $4.400M
YoY Change -392.27% -164.13% -154.73%
Depreciation, Depletion And Amortization $3.337M $3.517M $3.630M
YoY Change -8.07% 290.78% -20.79%
Cash From Operating Activities -$1.556M -$1.256M $12.43M
YoY Change -112.52% -115.31% 282.93%
INVESTING ACTIVITIES
Capital Expenditures $420.0K $4.643M $5.800M
YoY Change -92.76% -26.46% -725.0%
Acquisitions
YoY Change
Other Investing Activities $335.0K $456.0K -$14.40M
YoY Change -102.33% -81.66% -325.04%
Cash From Investing Activities -$85.00K -$4.187M -$20.21M
YoY Change -99.58% 9.38% -469.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.386M -2.999M -350.0K
YoY Change 867.43%
NET CHANGE
Cash From Operating Activities -1.556M -1.256M 12.43M
Cash From Investing Activities -85.00K -4.187M -20.21M
Cash From Financing Activities -3.386M -2.999M -350.0K
Net Change In Cash -5.027M -8.442M -8.130M
YoY Change -38.17% -292.83% -193.27%
FREE CASH FLOW
Cash From Operating Activities -$1.556M -$1.256M $12.43M
Capital Expenditures $420.0K $4.643M $5.800M
Free Cash Flow -$1.976M -$5.899M $6.630M
YoY Change -129.8% -411.79% 58.84%

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CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13216386
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13171654
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13270444
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13131795
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13216386
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13320881
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13431714
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13157919
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-2070000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
3228000 usd
us-gaap Net Income Loss
NetIncomeLoss
6282000 usd
us-gaap Net Income Loss
NetIncomeLoss
7768000 usd
CY2024Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-17000 usd
CY2023Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
2000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-22000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
17000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
46000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-208000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
415000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1550000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
29000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-206000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
393000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1533000 usd
CY2024Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2041000 usd
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3022000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6675000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6235000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
132716000 usd
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
12679000 usd
CY2023Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
506000 usd
CY2023Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
CY2023Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
406000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
146307000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-4327000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-142000 usd
CY2024Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
356000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
142194000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-2070000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
29000 usd
CY2024Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2999000 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
267000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
137421000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
121647000 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-97000 usd
CY2022Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
14000 usd
CY2022Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
1000 usd
CY2022Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
370000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
121935000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
4637000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1341000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
306000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
125537000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
3228000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-206000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
398000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
128957000 usd
us-gaap Net Income Loss
NetIncomeLoss
6282000 usd
us-gaap Net Income Loss
NetIncomeLoss
7768000 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
10000 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
1000 usd
us-gaap Depreciation Nonproduction
DepreciationNonproduction
8534000 usd
us-gaap Depreciation Nonproduction
DepreciationNonproduction
9204000 usd
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
2595000 usd
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
2785000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
622000 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
415000 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
50000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1029000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1074000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-84000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-41000 usd
us-gaap Inventory Write Down
InventoryWriteDown
144000 usd
us-gaap Inventory Write Down
InventoryWriteDown
2131000 usd
geos Gain Loss From Sale Of Used Rental Equipment
GainLossFromSaleOfUsedRentalEquipment
20751000 usd
geos Gain Loss From Sale Of Used Rental Equipment
GainLossFromSaleOfUsedRentalEquipment
4318000 usd
us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
0 usd
us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
38000 usd
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
-5162000 usd
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
10561000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5787000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
7175000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
176000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-453000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-1408000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
1290000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-2973000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1654000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7527000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3128000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3577000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1862000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4406000 usd
us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
8181000 usd
us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
6213000 usd
geos Proceeds From Sale Of Used Rental Equipment
ProceedsFromSaleOfUsedRentalEquipment
30948000 usd
geos Proceeds From Sale Of Used Rental Equipment
ProceedsFromSaleOfUsedRentalEquipment
11095000 usd
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
24033000 usd
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
-0 usd
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
8750000 usd
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
900000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
3909000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
8326000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2999000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
-0 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
-0 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
175000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2999000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-175000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
141000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-124000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6476000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
11155000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
18803000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
16109000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
12327000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
27264000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
185000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
111000 usd
geos Inventories Transferred To Rental Equipment
InventoriesTransferredToRentalEquipment
5765000 usd
geos Inventories Transferred To Rental Equipment
InventoriesTransferredToRentalEquipment
117000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><i>Use of Estimates</i></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 27pt;">The preparation of financial statements in conformity with U.S. GAAP 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 revenue recognition, credit loss, collectability of rental revenue, inventory obsolescence reserves, self-insurance reserves, product warranty reserves, useful lives of long-lived assets, impairment of long-lived assets, impairment of goodwill and other intangible assets 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 <em style="font: inherit;"> may </em>differ from these estimates under different conditions or assumptions.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"></p>
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
0 usd
CY2024Q2 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
0 usd
CY2023Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
700000 usd
CY2023Q3 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
0 usd
CY2024Q2 geos Contract With Customer Liability Revenue Recognized Including Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingBalance
20000 usd
geos Contract With Customer Liability Revenue Recognized Including Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingBalance
700000 usd
CY2024Q2 geos Contract With Customer Liability Cost Of Revenue Recognized
ContractWithCustomerLiabilityCostOfRevenueRecognized
0 usd
CY2024Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
30221000 usd
CY2024Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 usd
CY2024Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
32000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
30189000 usd
CY2023Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
14932000 usd
CY2023Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
4000 usd
CY2023Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
15000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
14921000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
0 pure
us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
0 usd
CY2024Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
17709000 usd
CY2023Q3 us-gaap Accounts Receivable Gross
AccountsReceivableGross
20282000 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
35000 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
125000 usd
CY2024Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
17674000 usd
CY2023Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
20157000 usd
CY2024Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
16164000 usd
CY2023Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
20157000 usd
CY2024Q2 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
1510000 usd
CY2023Q3 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
0 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
67000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
706000 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
125000 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
591000 usd
CY2024Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
5000 usd
CY2023Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
16000 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
60000 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
400000 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
38000 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
194000 usd
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
144000 usd
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
441000 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
-0 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
321000 usd
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
7000 usd
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
327000 usd
CY2024Q2 geos Accounts Receivable Allowance For Credit Loss Currency Translation
AccountsReceivableAllowanceForCreditLossCurrencyTranslation
1000 usd
CY2023Q2 geos Accounts Receivable Allowance For Credit Loss Currency Translation
AccountsReceivableAllowanceForCreditLossCurrencyTranslation
1000 usd
geos Accounts Receivable Allowance For Credit Loss Currency Translation
AccountsReceivableAllowanceForCreditLossCurrencyTranslation
1000 usd
geos Accounts Receivable Allowance For Credit Loss Currency Translation
AccountsReceivableAllowanceForCreditLossCurrencyTranslation
-15000 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
35000 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
208000 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
35000 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
208000 usd
CY2024Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
16588000 usd
CY2023Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
18555000 usd
CY2024Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
6748000 usd
CY2023Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
11992000 usd
CY2024Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
28187000 usd
CY2023Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
26832000 usd
CY2024Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
9604000 usd
CY2023Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
14061000 usd
CY2024Q2 geos Inventory Current And Noncurrent
InventoryCurrentAndNoncurrent
41919000 usd
CY2023Q3 geos Inventory Current And Noncurrent
InventoryCurrentAndNoncurrent
43318000 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
24557000 usd
CY2023Q3 us-gaap Inventory Net
InventoryNet
18430000 usd
CY2024Q2 us-gaap Inventory Noncurrent
InventoryNoncurrent
17362000 usd
CY2023Q3 us-gaap Inventory Noncurrent
InventoryNoncurrent
24888000 usd
CY2024Q2 us-gaap Inventory Write Down
InventoryWriteDown
100000 usd
CY2023Q2 us-gaap Inventory Write Down
InventoryWriteDown
300000 usd
us-gaap Inventory Write Down
InventoryWriteDown
2100000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-2070000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
3228000 usd
us-gaap Net Income Loss
NetIncomeLoss
6282000 usd
us-gaap Net Income Loss
NetIncomeLoss
7768000 usd
CY2024Q2 us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
0 usd
CY2023Q2 us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
0 usd
us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
0 usd
us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
0 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-2070000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3228000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
6282000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
7768000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13216386
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13171654
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13270444
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13131795
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
149227
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
161270
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
26124
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13216386
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13320881
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13431714
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13157919
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.47
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.59
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.16
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.59
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
25858000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32715000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
100160000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
95194000 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-2393000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
3146000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
5938000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
7244000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000 usd

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geos20240630_10q.htm Edgar Link pending
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