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    Michael Cox • Investor

    Michael Cox is a Managing Director and Equity Research Analyst at Investor AB, specializing in coverage of leading consumer and retail companies such as Home Depot, Lowe’s, and Walmart. He is recognized for his sharp investment insights, maintaining a recommendation success rate of over 65% according to TipRanks, and consistently outperforming sector benchmarks with above-average annual portfolio returns. Cox began his career as an associate analyst at J.P. Morgan in 2002, later advancing through senior roles at Merrill Lynch and Barclays before joining Investor AB in 2018. He is FINRA-registered, holding Series 7 and Series 63 securities licenses, and is lauded for his industry expertise and frequent recognition as a top-ranked analyst among peers.

    Michael Cox's questions to Geospace Technologies Corp (GEOS) leadership

    Michael Cox's questions to Geospace Technologies Corp (GEOS) leadership • Q3 2025

    Question

    An investor, Michael Cox, inquired about the recent Petrobras Permanent Reservoir Monitoring (PRM) contract, asking about the timing of the announcement, the breakdown of the $80 million revenue figure between equipment and installation, how the contract's financial model compares to older projects, and if other PRM discussions are currently in progress.

    Answer

    President and CEO Richard Kelley explained that the Petrobras contract was the result of approximately six months of negotiations. He clarified that the $80 million in revenue is for the equipment manufacturing portion, which will be recognized over 16-18 months, while the installation revenue will largely be recognized by their partner, Blue Marine. Kelley noted that the new optical technology has a different financial model than older systems but is still expected to have good margins. He confirmed that other PRM discussions are ongoing but advised against assuming other contracts are imminent.

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