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Last $2.19 USD
Change Today -0.04 / -1.79%
Volume 672.8K
IO On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 6:40 PM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

ion geophysical corp (IO) Snapshot

Open
$2.27
Previous Close
$2.23
Day High
$2.30
Day Low
$2.18
52 Week High
04/16/14 - $4.73
52 Week Low
03/10/15 - $2.10
Market Cap
360.2M
Average Volume 10 Days
562.2K
EPS TTM
$0.18
Shares Outstanding
164.5M
EX-Date
--
P/E TM
12.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for ION GEOPHYSICAL CORP (IO)

ion geophysical corp (IO) Related Businessweek News

No Related Businessweek News Found

ion geophysical corp (IO) Details

ION Geophysical Corporation provides geoscience technology, services, and solutions for the oil and gas industry worldwide. It operates through four segments: Solutions, Systems, Software, and Ocean Bottom Services. The Solutions segment offers seismic data services, including survey planning and design, data acquisition, data processing and interpretation, subsurface imaging, and reservoir characterization services. This segment also provides data processing and imaging services to help its exploration and production customers for reducing exploration and production risk, evaluating and developing reservoirs, and enhancing production. The Software segment provides command and control software systems, related software, and services for towed marine streamer and seabed operations, as well as for survey design. The Systems segment manufactures re-deployable ocean bottom cable seismic data acquisition systems and shipboard recorders; marine towed streamer positioning and control systems; and analog geophone sensors. The Ocean Bottom Services segment offers survey design, planning, and optimization services to maximize seismic image quality, operational efficiency, and safety; superior imaging services; and data processing, interpretation, and reservoir services The company markets and sells its services and products through direct sales force and third-party sales representatives. The company was formerly known as Input/Output, Inc. and changed its name to ION Geophysical Corporation in 2007. ION Geophysical Corporation was founded in 1968 and is headquartered in Houston, Texas.

879 Employees
Last Reported Date: 02/17/15
Founded in 1968

ion geophysical corp (IO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $490.0K
Chief Operating Officer-Commercialization and...
Total Annual Compensation: $358.0K
Chief Innovation Officer - Innovation and Exe...
Total Annual Compensation: $350.0K
Senior Vice President of Ocean Bottom Service...
Total Annual Compensation: $312.0K
Compensation as of Fiscal Year 2013.

ion geophysical corp (IO) Key Developments

ION Geophysical Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Impairment of Goodwill and Intangible Assets for the Fourth Quarter of 2014

ION Geophysical Corporation announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. The company reported a fourth quarter 2014 net loss applicable to common shares of $180.9 million, or $1.10 per diluted share, which included restructuring and special items totaling $170 million that reduced reported earnings per share by $1.03, compared to net income of $19.819 million or $0.12 per diluted share a year ago. Excluding these restructuring and special items, ION's fourth quarter 2014 net loss was $11.0 million on revenues of $136.8 million, or $0.07 per share, compared to an adjusted net income of $53.4 million on revenues of $218.7 million, or $0.33 per diluted share, in fourth quarter 2013. Loss from operations was $136.036 million against income from operations of $64.231 million a year ago. Loss before income taxes was $175.207 million against income before income taxes of $25.946 million a year ago. Adjusted EBITDA was $25.264 million against $104.480 million a year ago. On adjusted basis, the company reported income from operations of $5.906 million against $64.985 million a year ago. Fourth quarter revenues were a 37% decrease from the fourth quarter of 2013. This decrease was due to a decline in revenues across Solutions, Software and Systems segments, which more than offset revenues generated by Ocean Bottom Services segment. Adjusted EBITDA decrease was the result of last year's record fourth quarter data library revenues by Solutions segment, which were not repeated this quarter. Full year 2014 Adjusted EBITDA was $108.3 million, compared to $154.3 million in 2013. Fourth quarter and full year results were significantly impacted by the continued slowdown in exploration spending by E&P companies. The company reported a net loss applicable to common shares of $128.3 million, or $0.78 per diluted share, compared to a net loss applicable to common shares of $251.9 million, or $1.59 per diluted share, in 2013. Both periods included special items related to the WesternGeco legal matter and certain restructuring and other special items. Excluding these special items, in 2014, the company reported a net loss of $34.1 million, or $0.21 per share, compared to net income of $19.3 million, or $0.12 per diluted share, in 2013. Loss from operations was $117.929 million against income from operations of $16.396 million a year ago. Loss before income taxes was $106.936 million against $220.798 million a year ago. Net cash provided by operating activities was $129.780 million against $147.587 million a year ago. Purchase of property, plant, equipment and seismic rental equipment was $8.264 million against $16.914 million a year ago. On adjusted basis, the company reported income from operations of $24.013 million against $59.064 million a year ago. Net debt was $17 million. For the quarter, the company reported impairment of goodwill and intangible assets of $23.284 million.

ION Geophysical Corporation to Report Q4, 2014 Results on Feb 11, 2015

ION Geophysical Corporation announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Feb 11, 2015

ION Geophysical Corporation, Q4 2014 Earnings Call, Feb 12, 2015

ION Geophysical Corporation, Q4 2014 Earnings Call, Feb 12, 2015

 

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Industry Analysis

IO

Industry Average

Valuation IO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book 2.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.0x
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