Geospace Technologies reported a net loss of $9.7 million, or $(0.75) per diluted share, for the third quarter ended June 30, 2026, compared to net income of $0.8 million in the prior year period. Revenue declined 36% to $15.8 million from $24.8 million, driven by reduced demand across its Smart Water and Energy Solutions segments. The company also announced a $10.8 million firm-fixed price contract with the U.S. Navy for seismic acoustic detection systems, expected to be completed by December 2027. For the nine-month period, revenue fell to $61.1 million from $80.1 million, resulting in a net loss of $30.5 million. Geospace Technologies is a global technology and instrumentation manufacturer specializing in advanced sensing, IoT, and ruggedized products for smart water, energy exploration, industrial, government, and commercial customers.