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IO ION Geophysical Corporation
NYSE USD Energy
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- Market cap
- 10M
- P/E ratio
- Not available
- Analyst target
- 1.5
- Dividend yield
- 0.0%
- Beta
- 3.27
Profile
Company facts
- Exchange
- NYSE
- Currency
- USD
- Sector
- Energy
- Industry
- Energy Equipment & Services
- ISIN
- US4620442073
- Market cap
- 10M
- P/E ratio
- Not available
- Analyst target
- 1.5
- Dividend yield
- 0.0%
- Beta
- 3.27
About
About ION Geophysical Corporation
ION Geophysical Corporation provides data-driven decision-making to offshore energy, and ports, and defense industries worldwide. The company operates through two segments, E&P Technology & Services and Operations Optimization. The E&P Technology & Services segment creates digital data assets and delivers services to help E&P companies improve decision-making and reduce risk. This segment includes two synergistic groups, imaging and reservoir services, and ventures. The company's Imaging and Reservoir Services group provides data processing, imaging, and reservoir services that improve image quality and subsurface insights, helping E&P companies reduce exploration and production risk, evaluate and develop reservoirs, and increase production. Its Imaging and Reservoir Services group develops and applies proprietary processing algorithms through its imaging engine to data owned or licensed by its customers to translate raw data into subsurface images. The Operations Optimization segment develops mission-critical subscription offerings and provides engineering services that enable operational control and optimization offshore. This segment includes the company's Optimization Software & Services and Devices offerings. The company's Optimization Software & Services group provides survey design, command, and control software systems and related services for marine towed streamer and seabed operations. Its Devices offerings group develops intelligent equipment controlled by its software to optimize operations. The company sells its services and products through a direct sales force consisting of employees and international third-party sales representatives. ION Geophysical Corporation was formerly known as Input/Output, Inc. and changed its name to ION Geophysical Corporation in 2007. The company was founded in 1968 and is headquartered in Houston, Texas. On April 12, 2022, ION Geophysical Corporation along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court f
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5 years, 4 months ago
ION Geophysical Corporation is currently in a long term downtrend where the price is trading 17.6% below its 200 day moving average.
From a valuation standpoint, the stock is 97.5% cheaper than other stocks from the Energy sector with a price to sales ratio of 0.2.
ION Geophysical Corporation's total revenue sank by 36.1% to $27M since the same quarter in the previous year.
Its net income has increased by 9.4% to $-13M since the same quarter in the previous year.
Finally, its free cash flow fell by 290.5% to $-12M since the same quarter in the previous year.
Based on the above factors, ION Geophysical Corporation gets an overall score of 2/5.