Last $3.40 USD
Change Today +0.03 / 0.89%
Volume 709.5K
IO On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 08/26/14 All times are local (Market data is delayed by at least 15 minutes).

ion geophysical corp (IO) Snapshot

Open
$3.36
Previous Close
$3.37
Day High
$3.44
Day Low
$3.36
52 Week High
09/20/13 - $5.52
52 Week Low
12/12/13 - $2.81
Market Cap
557.9M
Average Volume 10 Days
599.4K
EPS TTM
$0.18
Shares Outstanding
164.1M
EX-Date
--
P/E TM
19.4x
Dividend
--
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 geophysical technology, services, and solutions to the oil and gas industry worldwide. The company offers seismic data processing services for marine and land environments, reservoir solutions, onboard processing and quality control, seismic data libraries, and services for managing the seismic process, including survey planning and design, data acquisition and management, and subsurface imaging and reservoir characterization. It also provides processing and imaging services to evaluate and develop reservoirs; and command and control software systems and related services for navigation and data management functions comprising towed marine streamer and seabed operations. In addition, the company offers concept software systems, such as marine imaging; seabed imaging; survey design, planning, and optimization; and ice management systems. Further, it manufactures re-deployable ocean-bottom cable seismic data acquisition systems and shipboard recorders; towed streamer acquisition, positioning, and control systems; and analog geophone sensors. It has a strategic agreement with Polarcus Limited to plan and execute 3-D multi-client surveys. 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.

1,072 Employees
Last Reported Date: 02/24/14
Founded in 1968

ion geophysical corp (IO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $490.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $312.0K
Executive Vice President and Chief Operating ...
Total Annual Compensation: $358.0K
Executive Vice President and Chief Operating ...
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 Second Quarter and Six Months Ended June 30, 2014

ION Geophysical Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income of $1.2 million, or $0.01 per diluted share, on revenues of $121.5 million, compared to a net loss of $71.1 million, or $0.45 per share, on revenues of $120.9 million in second quarter 2013. The second quarter results include a non-recurring gain on the sale of the Company's marine source product line, while second quarter 2013 results included a charge related to the ongoing WesternGeco legal matter. Excluding these special items, the Company's second quarter 2014 adjusted net income was a loss of $5.0 million, or $0.03 per share, compared to adjusted net income of $0.4 million, or $0.00 per diluted share, in second quarter 2013. Adjusted EBITDA was $33.7 million, a 6% increase over second quarter 2013. Income from operations was $3.79 million compared to $6.78 million for the same period last year. Income before income taxes was $3.14 million compared to loss before income taxes of $109.44 million for the same period last year. Adjusted EBITDA was $33.66 million compared to $31.84 million for the same period last year. Revenues for the quarter were slightly above second quarter 2013 revenues, as benefited from the revenues contributed by OceanGeo from their project in Trinidad. For the six months ended June 30, 2014, the company reported net income of $77.2 million, or $0.47 per diluted share, compared to a net loss of $69.6 million, or $0.44 per share, in first half 2013. Both periods included special items primarily related to the WesternGeco legal matter. Excluding these special items, in first half 2014, the Company reported net income of $1.4 million, or $0.01 per diluted share, compared to net income of $1.9 million, or $0.01 per diluted share, in first half 2013. Total net revenues were $266.18 million compared to $250.65 million for the same period last year. Income from operations was $23.46 million compared to $8.69 million for the same period last year. Income before income taxes was $84.85 million compared to loss before income taxes of $106.44 million for the same period last year. Net cash provided by operating activities was $76.74 million compared to $43.38 million for the same period last year. Purchase of property, plant, equipment and seismic rental assets was $4.54 million compared to $8.96 million for the same period last year. Adjusted EBITDA was $76.53 million compared to $57.58 million for the same period last year. At June 30, the company had full availability under $175 million credit facility. The company’s net debt decreased $11 million to $33 million, down from $44 million at March 31. This decline in net debt was due to continued collections during the quarter, along with proceeds from the source product line sale.

ION Geophysical Corporation to Report Q2, 2014 Results on Aug 06, 2014

ION Geophysical Corporation announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 06, 2014

ION Geophysical Corporation, Q2 2014 Earnings Call, Aug 07, 2014

ION Geophysical Corporation, Q2 2014 Earnings Call, Aug 07, 2014

 

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IO Competitors

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Company Last Change
Dawson Geophysical Co $23.04 USD -0.08
Dolphin Group AS 4.45 NOK -0.02
Geospace Technologies Corp $42.41 USD +1.69
Polarcus Ltd 2.53 NOK +0.01
SAExploration Holdings Inc $8.52 USD -0.08
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Industry Analysis

IO

Industry Average

Valuation IO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.0x
Price/Book 1.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.3x
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