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MarketScreener Homepage  >  Equities  >  Nyse  >  Ion Geophysical Corp    IO

ION GEOPHYSICAL CORP

(IO)
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ION Geophysical Corporation (NYSE:IO) Files An 8-K Other Events

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01/11/2019 | 05:58pm EDT

ION Geophysical Corporation (NYSE:IO) Files An 8-K Other Events
Item 8.01Other Events

On January 11, 2019, ION Geophysical Corporation (the “Company”) issued the attached press release discussing the Federal Circuit Court’s opinion in WesternGeco LLC v. ION Geophysical Corporation.

Item 9.01Financial Statements and Exhibits

Exhibit Number

Description

99.1

Press release dated January 11, 2019

ION GEOPHYSICAL CORP Exhibit
EX-99.1 2 exhibit991fccdecision2019.htm EXHIBIT 99.1 Exhibit Exhibit 99.1Federal Circuit Court vacates lost profits award against ION; Remands case to District Court to determine whether to reinstate lost profits award or hold a new trial as to lost profits  HOUSTON – January 11,…
To view the full exhibit click here

About ION Geophysical Corporation (NYSE:IO)

ION Geophysical Corporation is a technology focused company that provides geophysical technology, services and solutions to the global oil and gas industry. The Company offers services and products through four segments: Solutions, Systems, Software and Ocean Bottom Services (OBS). The Company’s Solutions segment provides over two service activities: Ventures group and Imaging Services group. The Company’s Systems segment’s products include Marine Acquisition Systems, Marine Positioning Systems and Geophones. The Company’s Software segment provides command and control software systems, related software and services for towed marine streamer, and seabed operations, as well as survey design. The Company, through OceanGeo B.V., offers an integrated OBS solution, which includes expert survey design, planning and optimization, superior data captured using multicomponent acquisition systems available to OceanGeo; data acquisition, and data processing, interpretation and reservoir services.

The post ION Geophysical Corporation (NYSE:IO) Files An 8-K Other Events appeared first on Market Exclusive.

© Market Exclusive 2019, source Market Exclusive

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Financials (USD)
Sales 2019 199 M
EBIT 2019 -9,65 M
Net income 2019 -22,8 M
Debt 2019 -
Yield 2019 -
P/E ratio 2019 -6,01x
P/E ratio 2020 -108x
Capi. / Sales2019 0,69x
Capi. / Sales2020 0,59x
Capitalization 137 M
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Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 15,0  $
Last Close Price 9,73  $
Spread / Highest target 54,2%
Spread / Average Target 54,2%
Spread / Lowest Target 54,2%
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Managers
NameTitle
R. Brian Hanson President, Chief Executive Officer & Director
James Martial Lapeyre Chairman
Steven A. Bate Chief Financial Officer & Executive Vice President
Jacques P. Leveille Executive Vice President-Technology
S. James Nelson Independent Director
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