ION Geophysical Past Earnings Performance

Past criteria checks 0/6

ION Geophysical has been growing earnings at an average annual rate of 3.6%, while the Energy Services industry saw earnings growing at 23.1% annually. Revenues have been declining at an average rate of 10.9% per year.

Key information

3.6%

Earnings growth rate

12.2%

EPS growth rate

Energy Services Industry Growth	23.7%
Revenue growth rate	-10.9%
Return on equity	n/a
Net Margin	-42.1%
Last Earnings Update	30 Sep 2021

Recent past performance updates

Recent updates

ION Geophysical Corporation Files For Bankruptcy Protection - Sell

Apr 18

ION Geophysical Corporation: Stock Craters After Reports Of Upcoming Chapter 11 Filing

Jan 28

ION Geophysical Corporation: Pre-Packaged Bankruptcy Likely After Missed Debt Payments

Dec 20

ION Geophysical Corporation - Review Of Strategic Alternatives Is A Cause For Concern

Sep 23

ION Geophysical: New Opportunities Emerge Despite The Balance Sheet Risks

Aug 18

Analysts Have Just Cut Their ION Geophysical Corporation (NYSE:IO) Revenue Estimates By 12%

Aug 14

Revenue & Expenses Breakdown
Beta

How ION Geophysical makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OTCPK:IOGP.Q Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
30 Sep 21	105	-44	34	13
30 Jun 21	77	-60	33	12
31 Mar 21	80	-42	33	12
31 Dec 20	123	-37	39	13
30 Sep 20	138	-39	36	14
30 Jun 20	175	-26	43	16
31 Mar 20	194	-29	53	18
31 Dec 19	175	-48	60	19
30 Sep 19	207	-53	65	20
30 Jun 19	201	-57	66	20
31 Mar 19	183	-74	62	19
31 Dec 18	180	-71	57	18
30 Sep 18	163	-53	60	18
30 Jun 18	177	-41	58	17
31 Mar 18	199	-25	60	17
31 Dec 17	198	-30	62	16
30 Sep 17	175	-35	61	15
30 Jun 17	193	-39	61	15
31 Mar 17	183	-53	62	16
31 Dec 16	173	-65	61	17
30 Sep 16	215	-64	64	19
30 Jun 16	203	-86	65	21
31 Mar 16	204	-5	72	24
31 Dec 15	222	-25	82	26
30 Sep 15	281	-200	94	32

Quality Earnings: IOGP.Q is currently unprofitable.

Growing Profit Margin: IOGP.Q is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: IOGP.Q is unprofitable, but has reduced losses over the past 5 years at a rate of 3.6% per year.

Accelerating Growth: Unable to compare IOGP.Q's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: IOGP.Q is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (58.6%).

Return on Equity

High ROE: IOGP.Q's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.

Return on Assets

Return on Capital Employed

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ION Geophysical Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

Third quarter 2021 earnings released: US$0.016 loss per share (vs US$1.16 loss in 3Q 2020)

Second quarter 2021 earnings released: US$0.90 loss per share (vs US$0.37 loss in 2Q 2020)

First quarter 2021 earnings released: US$0.46 loss per share (vs US$0.16 loss in 1Q 2020)

Full year 2020 earnings released: US$2.61 loss per share (vs US$3.41 loss in FY 2019)

ION Geophysical Corporation to Report Q4, 2020 Results on Feb 10, 2021

Third quarter 2020 earnings released: US$1.16 loss per share

Recent updates

ION Geophysical Corporation COM NEW Deleted from OTC Equity

Sercel SA completed the acquisition of Software Business of ION Geophysical Corporation.

TGS ASA (OB:TGS) completed the acquisition of Certain Assets of ION Geophysical Corporation (OTCPK:IOGP.Q).

Second Modified First Amended Reorganization Plan and Disclosure Statement Approved for ION Geophysical Corporation

First Motion for Exclusivity Period Extension Filed by ION Geophysical Corporation

First Amended Reorganization Plan and Supplement Disclosure Statement Filed by ION Geophysical Corporation

Sercel SA won the auction to acquire software business of ION Geophysical Corporation.

TGS ASA (OB:TGS) agreed to acquire Certain assets related to ION’s multi-client and processing businesses from ION Geophysical Corporation (OTCPK:IOGP.Q).

ION Completes the Mid North Sea High Phases 2 and 2B Programs, Providing A Greater Understanding of the Zechstein Play

NYSE to Suspend Trading Immediately in ION Geophysical Corporation and Commence Delisting Proceedings

ION Geophysical Receives Non-Compliance Notice from NYSE Regarding 10-K Filing Delinquency

ION Geophysical Corporation Files For Bankruptcy Protection - Sell

Motion for Asset Sale Filed by ION Geophysical Corporation

Motion for Joint Administration Approved for ION Geophysical Corporation

ION Geophysical Corporation announced delayed annual 10-K filing

ION Receives Continued Listing Standard Notice from the NYSE

ION Geophysical Corporation: Stock Craters After Reports Of Upcoming Chapter 11 Filing

ION Geophysical Corporation Provides Earnings Guidance for the Fourth Quarter 2021

ION Receives Continued Listing Standards Notice from the New York Stock Exchange

ION Geophysical Corporation: Pre-Packaged Bankruptcy Likely After Missed Debt Payments

Third quarter 2021 earnings released: US$0.016 loss per share (vs US$1.16 loss in 3Q 2020)

ION Geophysical Corporation - Review Of Strategic Alternatives Is A Cause For Concern

Consensus revenue estimates fall to US$77.8m

ION Geophysical: New Opportunities Emerge Despite The Balance Sheet Risks

Analysts Have Just Cut Their ION Geophysical Corporation (NYSE:IO) Revenue Estimates By 12%

Second quarter 2021 earnings released: US$0.90 loss per share (vs US$0.37 loss in 2Q 2020)

High number of new directors

ION Geophysical Corporation Provides Revenue Guidance for the Second Quarter of 2021

Consensus forecasts updated

Independent Director has left the company

Independent Director has left the company

First quarter 2021 earnings released: US$0.46 loss per share (vs US$0.16 loss in 1Q 2020)

ION Geophysical Corporation 2021 Q1 - Results - Earnings Call Presentation

Ion Geophysical Corporation Provides Preliminary Revenue Guidance for the First Quarter of 2021

ION Geophysical Corporation has completed a Follow-on Equity Offering in the amount of $10.465004 million.

Independent Director has left the company

Earnings beat expectations, revenue disappoints

Full year 2020 earnings released: US$2.61 loss per share (vs US$3.41 loss in FY 2019)

ION Geophysical Corporation Announces Board Changes

New 90-day high: US$3.44

ION Geophysical Corporation to Report Q4, 2020 Results on Feb 10, 2021

Have Insiders Been Buying ION Geophysical Corporation (NYSE:IO) Shares?

New 90-day high: US$2.79

ION Geophysical Corporation Announces First Proprietary Commercial Deployment of Gemini for Super Major

ION Geophysical +17% on initial Gemini deployment

Ion Geophysical Announces CFO Changes

ION Geophysical Corporation Wins Competitive Tender to Supply Marlin Smartport to 17 of Calmac Ferries' Ports and Ferry Terminals

New 90-day high: US$2.34

Analysts update estimates

Earnings beat expectations, revenue disappoints

Third quarter 2020 earnings released: US$1.16 loss per share

ION Geophysical Corporation to Report Q3, 2020 Results on Nov 04, 2020

New 90-day low: US$1.39

ION Geophysical Corporation Completes Phase 1 of North Sea 3D Multi-Client Program Ahead of Schedule

Price target lowered to US$3.17

ION Geophysical Corporation Commercializes Gemini Extended Frequency Source Technology

New 90-day low - US$1.76

New 90-day low - US$2.13

ION Geophysical Corporation to Report Q2, 2020 Results on Aug 05, 2020

Earnings released

ION Geophysical Corporation(NYSE:IO) dropped from S&P Global BMI Index

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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Revenue & Expenses Breakdown
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