Tue, Jul 2, 6:51 PM (111 days ago)
Geospace Technologies Corporation filed Amendment No. 1 to its Annual Report on Form 10-K for the fiscal year ended September 30, 2022, to correct an administrative error involving the omission of the auditors' signature. No changes were made to the financial statements or other disclosures. The amendment includes revised certifications by the principal executive and financial officers. The auditors, RSM US LLP, provided an unqualified opinion on the financial statements, highlighting critical audit matters such as inventory valuation and goodwill impairment. The company is not a well-known seasoned issuer and is categorized as a smaller reporting company. As of October 31, 2022, there were 13,021,241 shares of common stock outstanding, with an aggregate market value of approximately $71 million as of March 31, 2022.