GEOSPACE TECHNOLOGIES CORP 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds The following table provides information with respect to purchases of common stock of the Company made during the three months ended March 31, 2025: Period Total Number of Shares Purchased (1) Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program (1) January 1, 2025 through January 31, 2025 41,895 $ 9.93 — — February 1, 2025 through February 28, 2025 — — — — March 1, 2025 through March 31, 2025 — — — — (1) On May 9, 2024, Company's Board of Directors (the "Board') authorized a stock repurchase program (the "Program") under which the Company may repurchase up to $5 million of its outstanding stock. On August 8, 2024, the Board approved an extension to the Program increasing the dollar amount of shares allowed to be purchased to $7 million. Under the Program, the Company may purchase shares of common stock on a discretionary basis from time to time through open market transactions through block trades, in privately negotiated transactions and pursuant to any trading plan that may be adopted by the Company’s management in accordance with Rule 10b5-1 of the Exchange Act, or otherwise. The timing and number of shares repurchased depends on a variety of factors, including stock price, trading volume, and general business and market conditions. The Program has no time limit, does not obligate the Company to acquire a specified number of shares and may be modified, suspended or discontinued at any time at the Company’s discretion. The Program was completed in January 2025. The Program was funded with existing cash. Item 6. Exhibits The following exhibits are filed with this Report on Form 10-Q or are incorporated by reference 3.1 Amended and Restated Certificate of Formation of Geospace Technologies Corporation (incorporated by reference to Exhibit 3.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, filed May 8, 2015). 3.2 Amended and Restated Bylaws of Geospace Technologies Corporation (incorporated by reference to Exhibit 3.2 to the Company’s Current Report on Form 8-K filed August 8, 2019). 10.1 Employment Agreement effective January 1, 2025, between Geospace Technologies Corporation and Richard J. Kelley (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed March 4, 2025). 10.2 Employment Agreement effective January 1, 2025, between Geospace Technologies Corporation and Robert L. Curda (incorporated by reference to Exhibit 10.2 to the Company's Current Report on Form 8-K filed March 4, 2025). 31.1* Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) under the Securities and Exchange Act of 1934. 31.2* Certification of the Chief Financial Officer pursuant Rule 13a-14(a) under the Securities and Exchange Act of 1934. 32.1** Certification of the Chief Executive Officer pursuant 18 U.S.C. Section 1350. 32.2** Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350. 101* The following financial information from the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, formatted in Inline Extensible Business Reporting Language (iXBRL): (i) the Consolidated Balance Sheets at March 31, 2025 and September 30, 2024 , (ii) the Consolidated Statements of Operations for the three and six months ended March 31, 2025 and 2024, (iii) the Consolidated Statements of Comprehensive Income for the three and six months ended March 31, 2025 and 2024, (iv) the Consolidated Statements of Stockholders’ Equity for the three and six months ended March 31, 2025 and 2024, (v) the Consolidated Statements of Cash Flows for the six months ended March 31, 2025 and 2024 and (vi) Notes to Consolidated Financial Statements. 104* The cover page from the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 formatted in Inline XBRL and contained in Exhibit 101. * Filed with this Quarterly Report on Form 10-Q ** Furnished with this Quarterly Report on Form 10-Q 22 Table of Contents SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. GEOSPACE TECHNOLOGIES CORPORATION Date: May 9, 2025 By: /s/ Richard J. Kelley Richard J. Kelley, President and Chief Executive Officer (duly authorized officer) Date: May 9, 2025 By: /s/ Robert L. Curda Robert L. Curda, Vice President, Executive Vice President, Chief Financial Officer and Secretary (principal financial officer) 23