The following is a summary of the Geospace Technologies Corporation (GEOS) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Geospace Technologies reported revenue of $135.6 million for FY 2024, increasing over the previous year's $124.5 million.

• Due to non-cash charges totaling $17.3 million, primarily from the divestiture of the Russian entity and asset impairments, the year ended with a net loss of $6.5 million.

• The company remains debt-free, with $37.1 million in cash and short-term investments.

Business Progress:

• Achieved the highest revenue figure in 10 years.

• Announced divestiture of Russian entity due to increased complications and uncertainties, maintaining compliance with international sanctions.

• Notable revenue contributions from the oil and gas market segment, with significant contracts for OBX Seabed nodes.

• Record-setting year for the Hydroconn line in smart water markets.

• Transitioning to new business segments: Smart Water, Energy Solutions, and Intelligent Industrial beginning in early February.

Opportunities:

• Anticipated growth from Smart Water sector, with continued focus on municipal and multifamily residential applications.

• Potential benefits from regulatory changes and technological requirement compliance in the oil and gas segment, as well as environmental sector expansions like carbon capture storage.

Risks:

• Cited uncertainties beyond company control that could affect outcomes contrast to company statements, as referenced in forward-looking statements during earnings call.

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