Slide 1: Investor Briefing Second Quarter Fiscal Year 2025
== GEOSPACE. Solutions for a Smarter Future : INVESTOR BRIEFING SECOND QUARTER FISCAL YEAR 2025 MAY 2025
Slide 2: Forward-looking statements
This presentation includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. All statements other than statements of historical facts included herein, including statements regard
Slide 3: Geospace partners with customers to solve their toughest challenges
Geospace partners with customers to solve their toughest challenges, delivering innovative solutions and sustainable long-term value to our key stakeholders. Founded in 1980 in Houston, Texas Publicly Traded on NASDAQ - GEOS Earned a reputation for paradigm-shifting approaches to seismic data acquis
Slide 4: Source: NASDAQ as of March 31, 2025
Source: NASDAQ as of March 31, 2025
Slide 5: We're Divided Into
We’re Divided Into We boast a history of technology innovation and robust manufacturing with solid adoption in varied markets including oil and gas exploration, smart water, imaging, and security and surveillance. 30% of Revenue 49% of Revenue 21% of Revenue Our smart water solutions enable the glob
Slide 6: CEO Quarterly Commentary
CEO QUARTERLY COMMENTARY RECORD PERFORMANCE in our Smart Water segment, Richard J. (“Rich”) Kelley, President and CEO with our Hydroconn® universal connectors continuing to of the Company said, “Points specifically fueling outperform year over year. Q2 increase of 47.8%. optimism for future periods
Slide 7: FY25 Q2 Revenue
FY25 Q2 REVENUE FY25 Q2 GROSS PROFIT $18.0 Million $1.7 Million down 26% q-o-q down 70% q-o-q FY25 Q2 NET INCOME (LOSS) FY25 Q2 ADJUSTED EBITDA ($9.8 Million) ($6.5 Million) increase 126% q-o-q down 129% q-o-q Note: Q2 FY25 impacted by revenue reversal of Mariner ocean bottom node rental contract.
Slide 8: TTM Revenue
TTM REVENUE TTM GROSS PROFIT $116.5 Million $46.4 Million down 15% y-o-y down 17% y-o-y TTM NET INCOME (LOSS) TTM ADJUSTED EBIDTA ($16.4 Million) $16 Million down 202% y-o-y down 53% y-o-y
Slide 9: TTM Adjusted EBITDA
TTM Adjusted EBITDA TTM Ending 3/2025 TTM Ending 3/2024 ($’s in thousands) Income (loss) before income taxes ($16,360) $16,444 Depreciation Expense 11,846 14,840 Amortization of intangible assets 222 465 Interest Expense 176 144 Inventory Obsolescence 1,383 515 Stock-Based Compensation 1,436 1,459 I
Slide 10: Financial Stability and Staying Power
($ in millions, as of March 31, 2025) FINANCIAL STABILITY and staying power Cash & Short-term Investments $ 20 NO LONG-TERM DEBT with ability to Working Capital $ 71 borrow up to $15M Current Ratio 5.6X Debt / Total Book Capitalization 0% LONG-TERM TRACK RECORD of Stockholders’ Equity $ 133 conserva
Slide 11: Smart Water: FY25 Q2 Revenue
FY25 Q2 REVENUE FY25 Q2 OPERATING INCOME $9.5 Million $1.4 Million up 48% q-o-q down 15% q-o-q Note: As a result of the business segment realignment, a change in allocation of manufacturing costs and other costs of reven ue was introduced causing misalignment in period over period operating profit.
Slide 12: Vision for Smart Water
Hydroconn® connectors achieving their highest first six-months revenue to date. Vision for Smart Water “We see significant future potential in Hydroconn® connectors sold the municipal and multi-family into smart water meter market establishing the product markets for our water management as the indu
Slide 13: Energy Solutions: FY25 Q2 Revenue
FY25 Q2 REVENUE FY25 Q2 OPERATING INCOME(LOSS) $2.6Million ($6.7 Million) down 77% q-o-q down 242% q-o-q
Slide 14: $7.6 million sales contract for Mariner ocean bottom wireless nodes
$7.6 million sales contract for Mariner® ocean bottom wireless nodes to Caspian Engineering Company to be delivered by the end of FY 2025. A global energy technology company purchased Insight by Optoseis products for use in a high temperature application in the Middle East. Actively engaged in PRM F
Slide 15: Intelligent Industrial: FY25 Q2 Revenue
FY25 Q2 REVENUE FY25 Q2 OPERATING INCOME (LOSS) $5.9 Million ($1.3 Million) down 13% q-o-q down 82% q-o-q Note: As a result of the business segment realignment, a change in allocation of manufacturing costs and other costs of revenue was introduced causing misalignment in period over period operatin
Slide 16: Homeland security offerings and tariff impact
Maintained relationships and expanded visibility of homeland security and national defense offerings at leading industry events including Sea, Air, Space and the Border Security Expo which featured Secretary Kristi Noem and Border Czar Tom Homan. Our Intelligent Industrial segment is negatively impa
Slide 17: Conservatively run company with strong balance sheet, no debt
Conservatively run History of technology 30% Smart Water company with strong innovation and robust 49% Energy Solutions balance sheet, no debt. manufacturing with solid 21% Intelligent Industrial adoption in varied markets. Segment Percentages shown as YTD
Slide 18: Solutions for a Smarter Future
== GEOSPACE. Solutions for a Smarter Future " Explore Investing in GEOS For questions or conversation regarding this briefing, please contact InvestorQuestions@geospace.com