GEOSPACE TECHNOLOGIES Business Summary

Geospace Technologies Corp (GEOS) operates a diversified technology and instrumentation business model, generating revenue through high-precision product sales, equipment rental contracts, and a burgeoning monthly subscription model for its security software. The company is organized into three primary segments: Energy Solutions, which provides seismic data acquisition systems like the OBX and Pioneer wireless platforms; Smart Water, featuring the Hydroconn® connector line and automated water meter technologies; and Intelligent Industrial, encompassing industrial sensors, contract manufacturing, and the GeoVox security suite. As of early 2026, Geospace is strategically pivoting from its legacy as a micro-cap oil and gas service provider toward high-margin, scalable IoT and surveillance markets. It competes directly with industry players such as Nabors Industries, Teledyne Technologies, Forum Energy Technologies, and Sercel, positioning itself as a specialized, engineering-heavy niche leader with a focus on ruggedized technology for austere environments. Originally founded in 1980 by Richard F. Miles and Robert A. Cates, the company is currently led by President and CEO Richard J. ("Rich") Kelley, who assumed the role in October 2024 after a successful tenure as Executive VP and COO. Kelley is spearheading the firm’s "New Geospace" rebranding and strategic diversification. The executive team includes Executive VP and CFO Robert Curda, a CPA and former Operational Controller with over two decades of financial leadership at the firm, and David Witt, Senior Vice President of Information Technology. The Board of Directors is chaired by Stephen C. Jumper and includes former CEO Walter R. Wheeler and co-founder Richard F. Miles. Notable institutional backing is provided by major investors such as The Vanguard Group and Disciplined Growth Investors, Inc., reflecting a stable shareholder base despite recent sector-driven volatility.