ION Geophysical (IO) Misses Q2 EPS by 29c

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Go back to ION Geophysical (IO) Misses Q2 EPS by 29c

ION reports second quarter 2020 results

August 5, 2020 5:18 PM EDT

HOUSTON, Aug. 5, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today reported total net revenues of $22.7 million in the second quarter 2020, a 46% decrease compared to $41.8 million one year ago.  Year-to-date revenues of $79.1 million are greater than or equal to revenues in the comparable prior five years. 

ION's net loss was $5.2 million, or a loss of $0.37 per share, compared to a net loss of $8.6 million, or a loss of $0.61 per share in the second quarter 2019.  Excluding special items in both periods, the Company reported an Adjusted net loss of $12.1... More