Geospace Technologies Announces Second Quarter Fiscal Year 2018 Earnings and Conference Call Schedule

HOUSTON–(BUSINESS WIRE)–Geospace Technologies (NASDAQ: GEOS) today announced that it will
release second quarter fiscal year 2018 financial results on Thursday,
May 3, 2018 after the market closes. In conjunction with the release,
Geospace has scheduled a conference call for Friday, May 4, 2018 at
10:00 a.m. Eastern Time (9:00 a.m. Central).

For those who cannot listen to the live call, a replay will be available
for approximately 60 days and may be accessed through the Investor Tab
of our website: www.geospace.com.

Geospace Technologies Corporation designs and manufactures instruments
and equipment used by the oil and gas industry in the acquisition and
processing of seismic data as well as in reservoir characterization and
monitoring activities. The company also designs and manufactures
non-seismic products, including industrial products, offshore cables,
thermal printing equipment and film.

This press release contains ÔÇ£forward-looking statementsÔÇØ within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. These
forward-looking statements can be identified by terminology such as
ÔÇ£mayÔÇØ, ÔÇ£willÔÇØ, ÔÇ£shouldÔÇØ, ÔÇ£intendÔÇØ, ÔÇ£expectÔÇØ, ÔÇ£planÔÇØ, ÔÇ£budgetÔÇØ,
ÔÇ£forecastÔÇØ, ÔÇ£anticipateÔÇØ, ÔÇ£believeÔÇØ, ÔÇ£estimateÔÇØ, ÔÇ£predictÔÇØ, ÔÇ£potentialÔÇØ,
ÔÇ£continueÔÇØ, ÔÇ£evaluatingÔÇØ or similar words. Statements that contain these
words should be read carefully because they discuss our future
expectations, contain projections of our future results of operations or
of our financial position or state other forward-looking information.
Examples of forward-looking statements include, among others, statements
that we make regarding our expected operating results, the adoption and
sale of our products in various geographic regions, anticipated levels
of capital expenditures and the sources of funding therefore, and our
strategy for growth, product development, market position, financial
results and the provision of accounting reserves. These forward-looking
statements reflect our current judgment about future events and trends
based on the information currently available to us. However, there will
likely be events in the future that we are not able to predict or
control. The factors listed under the caption ÔÇ£Risk FactorsÔÇØ and
elsewhere in our most recent Annual Report on Form 10-K and Quarterly
Report on Form 10-Q, which are on file with the Securities and Exchange
Commission, provide examples of risks, uncertainties and events that may
cause our actual results to differ materially from the expectations we
describe in our forward-looking statements. Such examples include, but
are not limited to, decreases in commodity price levels, which could
reduce demand for our products, the failure of our products to achieve
market acceptance, despite substantial investment by us, our sensitivity
to short term backlog, delayed or cancelled customer orders, product
obsolescence resulting from poor industry conditions or new
technologies, bad debt write-offs associated with customer accounts, and
any negative impact from our restatement of our financial statements
regarding current assets. The occurrence of the events described in
these risk factors and elsewhere in our most recent Annual Report on
Form 10-K and Quarterly Report on Form 10-Q could have a material
adverse effect on our business, results of operations and financial
position, and actual events and results of operations may vary
materially from our current expectations. We assume no obligation to
revise or update any forward-looking statement, whether written or oral,
that we may make from time to time, whether as a result of new
information, future developments or otherwise.

Contacts

Geospace Technologies
Rick Wheeler, 713.986.4444
President and
CEO