Through ongoing research and development programs and strategic acquisitions, ION has assembled a comprehensive technology toolkit that spans the entire seismic workflow.The ION family of companies today provides advanced acquisition equipment, command & control software, planning and imaging services, and seismic data libraries to the global oil & gas industry.

Employee Rating

2.5More
TypePublic
HQHouston, US
Founded1967
Size (employees)335 (est)
Websiteiongeo.com
Ion Geophysical Corporation was founded in 1967 and is headquartered in Houston, US
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Key People/Management at Ion Geophysical Corporation

Steve Bate

Steve Bate

Executive Vice President and Chief Financial Officer
Chris Usher

Chris Usher

Executive Vice President and Chief Operating Officer E&P Operations Optimization
Ken Williamson

Ken Williamson

Executive Vice President and Chief Operating Officer E&P Technology & Services
Larry Burke

Larry Burke

Executive Vice President, Global Human Resources
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Ion Geophysical Corporation Office Locations

Ion Geophysical Corporation has an office in Houston
Houston, US (HQ)
400 2105 CityWest Blvd
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Ion Geophysical Corporation Financials and Metrics

Ion Geophysical Corporation Revenue

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Ion Geophysical Corporation's revenue was reported to be $197.55 m in FY, 2017
USD

Revenue (Q3, 2018)

47.2m

Gross profit (Q3, 2018)

16.5m

Gross profit margin (Q3, 2018), %

34.9%

Net income (Q3, 2018)

(7.5m)

EBIT (Q3, 2018)

(2.5m)

Market capitalization (14-Dec-2018)

88.4m

Closing stock price (14-Dec-2018)

6.3

Cash (30-Sep-2018)

30.0m

EV

59.7m
Ion Geophysical Corporation's current market capitalization is $88.4 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

549.2m509.6m221.5m172.8m197.6m

Revenue growth, %

(7%)(57%)(22%)

Cost of goods sold

277.5m278.6m179.8m115.8m103.1m

Gross profit

271.7m230.9m41.7m57.0m94.4m
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

129.7m120.9m79.8m144.7m121.5m106.5m40.6m36.8m66.7m22.7m36.2m78.6m32.6m46.0m61.1m33.5m24.7m47.2m

Cost of goods sold

69.3m67.0m52.3m72.1m68.3m60.3m45.5m38.8m47.9m25.8m31.3m40.7m22.3m24.8m26.4m22.3m26.3m30.7m

Gross profit

60.5m54.0m27.6m72.6m53.1m46.3m(5.0m)(2.0m)18.8m(3.2m)4.9m37.9m10.3m21.2m34.7m11.2m(1.5m)16.5m

Gross profit Margin, %

47%45%35%50%44%43%(12%)(5%)28%(14%)13%48%32%46%57%33%(6%)35%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

148.1m173.6m84.9m52.7m52.1m

Accounts Receivable

149.4m114.3m44.4m20.8m19.5m

Inventories

57.2m51.2m32.7m15.2m14.5m

Current Assets

428.9m375.4m196.8m111.6m131.0m
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

66.6m109.5m88.6m197.3m157.8m129.8m144.4m117.1m88.2m76.7m52.4b62.5b49.6m43.3m40.2m50.8m44.3m30.0m

Accounts Receivable

91.0m92.7m62.9m98.2mwdxefcqufszuzezftuxetqsqxt85.8m86.7m39.4m26.5m21.6m15.1m20.1b34.7b16.2m19.0m39.4m29.8m15.4m23.6m

Inventories

68.1m79.5m61.4m54.7m55.3m55.4m43.0m35.9m34.7m33.1m34.4b33.3b15.2m14.6m14.3m14.7m14.9m15.1m

Current Assets

327.1m400.9m321.5m444.3m397.2m355.9m263.9m206.2m187.0m156.3m146.0b164.0b105.7m101.6m124.0m117.3m95.7m100.4m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(246.5m)(127.5m)(25.2m)(64.7m)(29.4m)

Depreciation and Amortization

18.2m27.7m26.5m22.0m16.6m

Inventories

(8.9m)(14.0m)2.3m2.3m190.0k

Accounts Payable

Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

1.8m(68.9m)(266.2m)76.4m78.9m54.0m(55.5m)256.0k(19.9m)(35.0m)(60.3m)1.9m(23.0m)(33.0m)(28.0m)(18.3m)(43.8m)(51.3m)

Depreciation and Amortization

4.2m8.3m13.1m7.9m13.8m21.0m13.0m19.7m5.7m11.4m4.7m9.0m13.2m2.5m4.8m6.9m

Inventories

1.4m(9.0m)(13.2m)(144.0k)(3.2m)(4.3m)43.0m(739.0k)464.0k350.0k1.3m33.3b(274.0k)440.0k831.0k(164.0k)(445.0k)(646.0k)

Accounts Payable

36.2m30.7m29.2m25.3m28.0m20.9m27.0b32.0b26.7m
USDY, 2018

EV/EBIT

-24.3 x

EV/CFO

-8.1 x

Financial Leverage

10.3 x
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Ion Geophysical Corporation Online and Social Media Presence

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Ion Geophysical Corporation Company Life and Culture

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Ion Geophysical Corporation Frequently Asked Questions

  • When was Ion Geophysical Corporation founded?

    Ion Geophysical Corporation was founded in 1967.

  • Who are Ion Geophysical Corporation key executives?

    Ion Geophysical Corporation's key executives are Steve Bate, Chris Usher and Ken Williamson.

  • How many employees does Ion Geophysical Corporation have?

    Ion Geophysical Corporation has 335 employees.

  • What is Ion Geophysical Corporation revenue?

    Latest Ion Geophysical Corporation annual revenue is $197.6 m.

  • What is Ion Geophysical Corporation revenue per employee?

    Latest Ion Geophysical Corporation revenue per employee is $589.7 k.

  • Who are Ion Geophysical Corporation competitors?

    Competitors of Ion Geophysical Corporation include Soco International, Clean Energy Fuels and Sanchez Energy.

  • Where is Ion Geophysical Corporation headquarters?

    Ion Geophysical Corporation headquarters is located at 400 2105 CityWest Blvd, Houston.

  • Where are Ion Geophysical Corporation offices?

    Ion Geophysical Corporation has an office in Houston.

  • How many offices does Ion Geophysical Corporation have?

    Ion Geophysical Corporation has 1 office.