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GEOS - FY2020 Looks Promising For Geospace Technologies Corp.
Geospace Technologies Corporation
Geospace Technologies, Corp. (Nasdaq: GEOS) is on the path to a very rewarding FY2020. The company is making strides in capturing new and existing customers and restoring the business to profitability. The upcoming year will indeed be a year shareholders are eager for, just so long as the company maintains its current trajectory.
Over the past several years, demand for GEOS' seismic data acquisition products diminished after years of excess supply caused by the oil price crash that began in 2014. Just before the crash, crude was trading over a $100 per barrel, but