Matthew Dhane's questions to Geospace Technologies Corp (GEOS) leadership • Q1 2025
Question
Matthew Dhane of Tieton Capital Management asked for more details on R&D projects for specific clients and sought color on the momentum in the Smart Water segment, specifically for the Aquana and Hydroconn products.
Answer
CEO and President Richard Kelley explained that some large-scale projects require significant upfront R&D investment and that the company is investing in future revenue streams across its new segments, but could not provide specific project details. On the Smart Water segment, he noted Hydroconn saw an unexpected year-over-year uptake due to municipalities adopting automated meter technology. For Aquana, he highlighted positive feedback from its first commercial deliveries, growing orders, and early-stage discussions for additional international projects.