Business Context and Reporting Period
Company: OYO Geospace Corporation (formerly Geospace Technologies Corp)
Filing Type: Form 8-K (Current Report)
Date of Report: July 7, 2011
Reporting Period: Specific event date of July 7, 2011
Business Context: The registrant is a provider of geophysical data acquisition systems. This filing reports a specific operational milestone regarding the sale of its GSR wireless data acquisition system.
Key Financial Metrics
Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: The filing text does not provide a clear value for these metrics. This Form 8-K reports a specific transaction event rather than a comprehensive financial statement.
Key Transaction Metric: Sale of 14,850 channels of the GSR wireless data acquisition system.
Material Changes
- Operational Milestone: The company announced the cumulative sale of 14,850 channels of its GSR wireless data acquisition system as of July 7, 2011.
- Comparison: No prior comparable period data is provided in this specific filing to quantify the change.
Guidance, Outlook, and Risks
Management Commentary: The filing references a press release (Exhibit 99.1) for the full details of the announcement. The text itself serves as a notification of the event.
Guidance and Outlook: The filing text does not provide a clear value for future guidance or outlook.
Risks and Contingencies: No specific risks or contingencies are detailed in the body of this filing.
Unusual Items: None reported beyond the standard operational announcement.
Investor Verification Checklist
- Verify the total revenue impact of the 14,850 channel sales by reviewing the attached Press Release (Exhibit 99.1).
- Confirm the geographic distribution and customer concentration of these sales.
- Review the company's most recent 10-Q or 10-K for context on how this milestone affects overall quarterly or annual performance.
- Check for any subsequent filings regarding the recognition of revenue from these specific channel sales.