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Last $0.55 USD
Change Today +0.0163 / 3.08%
Volume 329.1K
IO On Other Exchanges
New York
As of 8:04 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

ion geophysical corp (IO) Snapshot

Previous Close
Day High
Day Low
52 Week High
09/4/14 - $3.50
52 Week Low
08/24/15 - $0.38
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for ION GEOPHYSICAL CORP (IO)

ion geophysical corp (IO) Related Businessweek News

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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: $550.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $316.6K
Chief Operating Officer of Commercialization ...
Total Annual Compensation: $372.3K
Chief Innovation Officer of Innovation Divisi...
Total Annual Compensation: $364.0K
Executive Vice President of Ocean Bottom Serv...
Total Annual Compensation: $330.0K
Compensation as of Fiscal Year 2014.

ion geophysical corp (IO) Key Developments

Ion Geophysical Corp. to Cut 25% of Workforce

Ion Geophysical Corp. announced that it expects to cut approximately 25% of its global workforce as part of an aggressive cost-reduction initiative. The job cuts are expected to be substantially complete by Sept. 30, and the company expects termination costs to total $5 million to $6 million. However, the overall plan is expected to reduce annual operating costs by approximately $40 million. When combined with measures implemented since December, the company estimates it will achieve annual savings of $80 million, and its workforce will have been cut in half.

ION Geophysical Corporation Wins TPDC Contract for Seismic Survey

ION Geophysical Corporation and the Tanzanian Petroleum Development Corporation announced that the TPDC has awarded ION a contract to acquire 4,058 km of 2D seismic, gravity and magnetic data over offshore blocks 4/1B and 4/1C in the Rovuma Delta region.

ION Geophysical Receives Non-Compliance Notice From NYSE

ION Geophysical Corporation announced that it received notice on August 11, 2015 from the New York Stock Exchange (the "NYSE") that the price of its common stock fell below the NYSE's continued listing standards. The NYSE requires the average closing price of a listed company's common stock remain above $1.00 per share over a consecutive 30 trading-day period. As of August 7, 2015, the 30 trading-day period average closing price of the Company's common stock was $0.98 per share. In accordance with NYSE rules, the Company will respond to the NYSE within 10 business days of receipt of the notification with its intent to resolve the deficiency. The Company has six months to regain compliance with the NYSE continued listing requirements and will actively monitor its stock price and evaluate all available options in order to regain compliance within the prescribed time frame. During the six-month period, the Company's common stock will continue to be listed and traded on the NYSE, subject to compliance with other continued listing standards. The deficiency does not affect the Company's ongoing business operations or its SEC reporting requirements.


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