ION Geophysical

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.

ION Geophysical - Software Business provides a navigation system and optimizing land and marine seismic crews.

HOUSTON, March 05, 2021 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (NYSE: IO) announced today that it is proceeding with steps to launch its previously announced rights offering (“Rights Offering”) for its New Second Lien Convertible Notes (“New Notes”) or its Common Stock, as part of its restructuring transactions (the “Restructuring Transactions”) approved by shareholders on February 23, 2021. The Company has filed a registration statement on Form S-1 with the Securities and Exchange Commission (“SEC”). The Company expects to launch the rights offering after the Registration Statement is declared effective by the SEC.

ION announces Rights Offering for new convertible Second Lien Notes or common stock

HOUSTON, March 03, 2021 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (NYSE: IO) today announced that the Company has secured more than $20 million in backstop support for its rights offering. This was a critical milestone in the bond restructuring process, as the supporting bondholders had conditioned their participation in the upcoming bond exchange offer on the Company securing this amount of backstop support.

ION secures requisite backstop support for rights offering, another key bond restructuring milestone

HOUSTON , Feb. 23, 2021 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (NYSE: IO) today announced that, during a special meeting held earlier today, the Company's shareholders voted to approve all three proposals submitted in its January 22nd Proxy. 98% of votes cast were in favor of the bond restructuring transactions, 96% were in favor of the associated increase to our available shares of common stock, and 79% were in favor of replenishing the Company's long-term incentive plan. The Company remains on track to execute the bond restructuring transactions and associated rights offering in early April.

ION receives shareholder approval for bond restructuring transactions

HOUSTON, Feb. 18, 2021 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (NYSE: IO) (ION or the “Company”) today announced the successful completion of its previously announced registered direct offering of 2,990,001 shares of its common stock at a purchase price of $3.50 per share. The Company intends to use the gross proceeds of approximately $10.5 million, excluding transaction expenses, for working capital and general corporate purposes.

ION Successfully Completes $10.5 Million Registered Direct Offering

HOUSTON, Feb. 16, 2021 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (NYSE: IO) (ION or the “Company”) today announced that it has entered into a securities purchase agreement with institutional investors for the purchase and sale of 2,990,001 shares of its common stock at a purchase price of $3.50 per share in a registered direct offering. The closing of the offering is expected to occur on or about February 18, 2021, subject to the satisfaction of customary closing conditions.

ION Announces $10.5 Million Registered Direct Offering

ION Geophysical Corporation (IO) CEO Chris Usher on Q4 2020 Results - Earnings Call Transcript

HOUSTON, Feb. 11, 2021 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (NYSE: IO) today announced an amendment to the Restructuring Support Agreement that, together with a separate support agreement with Mr. James Lapeyre, reflects increasing bondholder support to 92%, from 84% at the time of the initial announcement, and includes finalized pricing terms. Based on the 20 trading day VWAP since the initial announcement, the price to purchase new shares of stock through the rights offering was set at $2.57 and the conversion price of the new 8% Senior Secured Second Priority Notes due 2025 (the “New Notes”) was set at the high end of the collar at $3.00.

ION announces amended restructuring support agreement

HOUSTON, Feb. 11, 2021 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (NYSE: IO) today announced the election of Mr. Zhang ShaoHua to its Board of Directors effective February 8, 2021.

ION announces new appointment to its Board of Directors

Fourth quarter revenues increased 68% sequentially and backlog increased for second consecutive quarter driven by strategic entry into 3D new acquisition multi-client market and commercialization of Gemini extended frequency source Fourth quarter revenues increased 68% sequentially and backlog increased for second consecutive quarter driven by strategic entry into 3D new acquisition multi-client market and commercialization of Gemini extended frequency source

ION reports fourth quarter and full year 2020 results

HOUSTON, Feb. 08, 2021 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (NYSE: IO) today announced that it will release its fourth quarter 2020 financial results on Wednesday, February 10, 2021 after the market closes. In conjunction with the release, ION has scheduled a conference call, which will be broadcast live over the Internet, on Thursday, February 11 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time).

ION announces fourth quarter 2020 earnings and conference call schedule

ION Geophysical (IO) announces the first commercial deployment of Gemini extended frequency source technology, capable of generating less than 4Hz frequencies required to image in complex geologies.

ION Geophysical (IO) Deploys New Source Technology for Supermajor

HOUSTON, Jan. 04, 2021 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (NYSE: IO) today announced the first proprietary commercial deployment of the Company's Gemini™ extended frequency source technology for a Super Major. Following the technology's commercialization in September, energy companies have specified Gemini in a number of proprietary tenders, the first of which is expected to begin in January. Gemini uniquely supports the industry's shift to increasingly novel acquisition methodologies for enhanced subsurface imaging and decision-making across the E&P life cycle.

ION awarded first proprietary commercial deployment of Gemini for Super Major

HOUSTON, Dec. 23, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) announced today that it has agreed to implement certain Restructuring Transactions (the "Restructuring Transactions") pursuant to a Restructuring Support Agreement (together with its exhibits, the "Agreement")...

ION announces entry into restructuring support agreement for its Second Lien Notes

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According to the GuruFocus All-in-One Screener, a Premium feature, as of Dec. 10, the following companies are trading below their Peter Lynch fair value with wide margins of safety and have had positive performances over the past 12 months.

6 Undervalued Stock Trading Below Their Peter Lynch Values

Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips or bumps on the charts usually don't make them change their opinion towards a company. This time it may be different. The coronavirus pandemic destroyed the high correlations among major industries and asset classes. We are now in a stock pickers market where fundamentals of a stock have more effect on the price than the overall direction of the market. As a result we observe sudden and large changes in hedge fund positions depending on the news flow. Let's take a look at the hedge fund sentiment towards Ion Geophysical Corp (NYSE:IO) to find out whether there were any major changes in hedge funds' views.

Where Do Hedge Funds Stand On Ion Geophysical Corp (IO)?

ION Geophysical's (IO) CEO Chris Usher on Q3 2020 Results - Earnings Call Transcript

Ion Geophysical (IO) delivered earnings and revenue surprises of -123.08% and -34.61%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Ion Geophysical (IO) Reports Q3 Loss, Misses Revenue Estimates

HOUSTON, Nov. 4, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today reported total net revenues of $16.2 million in the third quarter 2020, a 29% decrease compared to $22.7 million in the second quarter 2020 and a 70% decrease compared to $53.2 million one year ago. At...

ION reports third quarter 2020 results

HOUSTON, Nov. 2, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced that it will release its third quarter 2020 financial results on Wednesday, November 4, 2020 after the market closes. In conjunction with the release, ION has scheduled a conference call, which...

ION announces third quarter 2020 earnings and conference call schedule

Ion Geophysical (IO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Ion Geophysical (IO) Q3 Earnings Expected to Decline

HOUSTON, Oct. 8, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced the initial phase of the Company's North Sea 3D multi-client program was acquired safely and ahead of schedule. While the majority of the up to ~11,000 sq km industry-supported survey will be...

ION completes Phase 1 of North Sea 3D multi-client program ahead of schedule

HOUSTON, Sept. 8, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced the Company will participate in the H.C.

ION to present at the H.C. Wainwright 22nd Annual Global Investment Conference

HOUSTON, Sept. 2, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced the Company will participate in the 9th Annual Gateway Conference to be held virtually on September 9-10, 2020.

ION to present at the 9th Annual Gateway Conference

HOUSTON, Sept. 1, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced a 3D new acquisition multi-client program in the southern North Sea.

ION announces new 3D multi-client program in the North Sea

ION Geophysical Corporation (IO) CEO Christopher Usher on Q2 2020 Results - Earnings Call Transcript

News for ION Geophysical Stock (IO)