ION Geophysical (IO) Reports Q1 Loss of $1.52/Share

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Go back to ION Geophysical (IO) Reports Q1 Loss of $1.52/Share

ION reports first quarter 2019 results

May 1, 2019 4:16 PM EDT

HOUSTON, May 1, 2019 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today reported revenues of $37.0 million in the first quarter 2019, a 10% increase compared to revenues of $33.5 million one year ago, driven in part by an increase in data library sales and Marlin deployments.  ION's net loss was $21.4 million, or $(1.52) per share, compared to a net loss of $18.4 million, or $(1.44) per share in the first quarter 2018.

The Company reported Adjusted EBITDA of $(4.6) million for the first quarter 2019, a decrease from the Adjusted EBITDA of $(1.1) million one year ago.  A reconciliation of... More