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ION Geophysical Corp (IO)

IO on New York Consolidated

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20 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Ion expands 2D data library with new acquisition offshore Panama
Tuesday, 8 Aug 2017 04:15pm EDT 

Aug 8 (Reuters) - Ion Geophysical Corp :Ion expands 2D data library with new acquisition offshore Panama.  Full Article

Ion Geophysical Corp Q1 loss per share $1.98
Wednesday, 3 May 2017 06:44pm EDT 

May 3 (Reuters) - Ion Geophysical Corp :Ion reports first quarter 2017 results.Q1 loss per share $1.98.Q1 revenue rose 44 percent to $32.6 million.Q1 adjusted loss per share $1.55 excluding items.Ion Geophysical Corp - regarding patent litigation with Westerngeco, district court recently indicated in ruling from bench that co will be ordered to pay additional $5 million.Ion Geophysical Corp - "continue to believe 2017 will deliver a modest improvement over 2016 as market recovers".  Full Article

ION reports Q4 and year end 2016 results
Wednesday, 8 Feb 2017 07:39pm EST 

ION Geophysical Corp : ION reports fourth quarter and year end 2016 results . Q4 loss per share $0.55 . Q4 revenue fell 54 percent to $35.4 million . Q4 adjusted loss per share $0.99 .Increase in backlog of multi-client and data processing projects to $34 million at Dec 31, compared to $19 million one year ago.  Full Article

Ion Geophysical says trial court issued an order
Friday, 18 Nov 2016 04:40pm EST 

Ion Geophysical Corp : Ion Geophysical-on November 14, 2016, trial court issued an order in previously-reported lawsuit of Westerngeco L.L.C. V. Ion Geophysical Corp . Trial court issued an order that reduced amount of appeal bond from $120 million to $65 million dollars . Co has adequate liquidity to fund trial court's decision . Ion Geophysical Corp - ordered sureties to pay principal and interest on royalty previously awarded in amount of approximately $22 million - SEC filing .Ion Geophysical Corp - trial court declined to issue a final judgment until after consideration of whether enhanced damages should be awarded in case.  Full Article

Ion Geophysical files for mixed shelf of up to $100 mln
Friday, 23 Sep 2016 04:39pm EDT 

Ion Geophysical Corp :Files for mixed shelf of up to $100 million – sec filing.  Full Article

Ion Q2 loss per share $2.22
Wednesday, 3 Aug 2016 06:14pm EDT 

Ion Geophysical Corp : Ion reports second quarter 2016 results . Q2 revenue $36.2 million versus $36.8 million . Q2 loss per share $2.22 . Q2 adjusted loss per share $1.85 . Expect with anticipated increase in revenues during q3, q4, will generate positive cash flows in second half of year . "looking to second half of year, we anticipate our revenues will increase in part from completion of our obs survey offshore nigeria" ."we expect our second half to be stronger than first".  Full Article

ION Geophysical Corp acquires Global Dynamics Incorporated
Thursday, 10 Mar 2016 04:20pm EST 

ION Geophysical Corp:Acquires Global Dynamics Incorporated.  Full Article

ION Geophysical Corp announces stock repurchase program
Wednesday, 4 Nov 2015 04:46pm EST 

ION Geophysical Corp:Authorized the Company to repurchase, from time to time from November 10, 2015 through November 10, 2017, up to $25 million in shares of its outstanding common stock.  Full Article

BRIEF-ION extends new 2d multi-client program offshore Panama

* ION Geophysical Corp says approximate 50 pct extension to its previously announced program offshore Panama Source text for Eikon: Further company coverage: