Geospace Technologies Corporation reported its financial results for the second quarter and six-month period ending March 31, 2025. The company recorded a revenue of $18.0 million for the three-month period, a decline from the $24.3 million reported in the same quarter last year. For the six-month period, revenue stood at $55.2 million, compared to $74.3 million for the corresponding period in 2024. The net loss for the second quarter was $9.8 million, compared to a net loss of $4.3 million in the prior-year quarter. For the six-month period, the company reported a net loss of $1.4 million, contrasting with a net income of $8.4 million in the previous year. The company's Smart Water segment generated $9.5 million in revenue for the three-month period, marking a strong performance. However, the Energy Solutions segment faced challenges due to global trade concerns, tariffs, and decreasing oil prices, leading to project delays and cancellations. The Intelligent Industrial segment was also negatively impacted by tariff concerns. Despite these challenges, the company maintains a strong balance sheet with no debt and $19.8 million in cash and short-term investments, positioning itself for future growth. The company also plans to complete the sale of excess land and facilities adjacent to its Houston facility in the third quarter.