IO · Ion Geophysical Corp - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Annual Quarterly

Income Statement

Line item	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015
Revenue	$122.67M	$174.68M	$172.81M	$197.55M	$172.81M	$221.51M
Cost of Revenue	-	$114.66M	$120.42M	$121.92M	$136.78M	$213.51M
Gross Profit	$41.66M	$60.02M	$59.62M	$75.64M	$36.03M	$8.00M
R&D	$12.96M	$19.02M	$18.18M	$16.43M	$17.83M	$26.45M
SG&A	$27.46M	$42.25M	$37.36M	$47.13M	$44.00M	$51.70M
Total Operating Expenses	$56.25M	$84.48M	$113.89M	$84.34M	$79.20M	$108.64M
D&A	$4.00M	$3.66M	$8.76M	$16.59M	$21.98M	$26.53M
Operating Income	($14.59M)	($24.46M)	($54.27M)	($8.70M)	($43.17M)	($100.63M)
Interest Expense	-	-	-	-	-	-
Income Tax	$15.62M	$8.06M	$2.72M	$24.0K	$4.42M	$4.04M
Net Income	($37.23M)	($48.20M)	($71.17M)	($30.24M)	($65.15M)	($25.12M)
EPS - Basic	($2.61)	($3.41)	($5.20)	($2.55)	($5.71)	($2.29)
EPS - Diluted	($2.61)	($3.41)	($5.20)	($2.55)	($5.71)	($2.29)

Balance Sheet

Line item	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015
Cash & Equivalents	$37.49M	$33.06M	$33.55M	$52.06M	$52.65M	$84.93M
Accounts Receivable	-	-	-	-	-	-
Inventory	$11.27M	$12.19M	$14.13M	$14.51M	$15.24M	$32.72M
Accounts Payable	$33.42M	$49.32M	$34.91M	$24.95M	$26.89M	$29.80M
Current Assets	$75.18M	$92.63M	$125.62M	$130.99M	$111.64M	$196.76M
Total Assets	$193.59M	$233.19M	$244.75M	$301.07M	$313.22M	$438.42M
Current Liabilities	$226.09M	$116.19M	$105.52M	$139.62M	$95.08M	$103.60M
Long-term Debt	-	$121.54M	$124.67M	$160.73M	$163.93M	-
Total Liabilities	$264.68M	$267.83M	$236.93M	$270.26M	$259.82M	$326.38M
Stockholders' Equity	($72.70M)	($36.82M)	$6.23M	$29.57M	$52.89M	$111.96M
Retained Earnings	($1.01B)	($974.29M)	($926.09M)	($854.92M)	($824.68M)	($759.53M)

Cash Flow

Line item	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015
Operating Cash Flow	$9.16M	$34.15M	$7.10M	$28.03M	$1.57M	($16.52M)
Investing Cash Flow	($28.37M)	($31.21M)	($29.79M)	($24.77M)	($13.64M)	($63.54M)
Financing Cash Flow	$25.77M	($3.55M)	$3.81M	($3.59M)	($21.59M)	($9.51M)
CapEx	$1.12M	$2.41M	$1.51M	$1.06M	$1.49M	$19.24M
Free Cash Flow	$8.04M	$31.74M	$5.58M	$26.97M	$83.0K	($35.77M)

Ratios

Metric	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015
Profitability
Gross margin	34.0%	34.4%	34.5%	38.3%	20.9%	3.6%
Operating margin	-11.9%	-14.0%	-31.4%	-4.4%	-25.0%	-45.4%
EBITDA margin	-8.6%	-11.9%	-26.3%	4.0%	-12.3%	-33.5%
Net margin	-30.3%	-27.6%	-41.2%	-15.3%	-37.7%	-11.3%
Free cash flow margin	6.6%	18.2%	3.2%	13.7%	0.0%	-16.1%
FCF / Net income	-0.22	-0.66	-0.08	-0.89	-0.00	1.42
R&D / Revenue	10.6%	10.9%	10.5%	8.3%	10.3%	11.9%
SG&A / Revenue	22.4%	24.2%	21.6%	23.9%	25.5%	23.3%
Effective tax rate	-	-	-	-	-	-
Return on assets	-19.2%	-20.7%	-29.1%	-10.0%	-20.8%	-5.7%
Return on equity	51.2%	130.9%	-1142.0%	-102.3%	-123.2%	-22.4%
Return on invested capital	-	-22.8%	-32.8%	-3.6%	-15.7%	-
Liquidity
Current ratio	0.33	0.80	1.19	0.94	1.17	1.90
Quick ratio	0.28	0.69	1.06	0.83	1.01	1.58
Cash ratio	0.17	0.28	0.32	0.37	0.55	0.82
Leverage
Debt / Equity	-	-3.30	20.00	5.44	3.10	-
Debt / Assets	-	0.52	0.51	0.53	0.52	-
Debt / EBITDA	-	-	-	20.36	-	-
Interest coverage	-	-	-	-	-	-
Equity multiplier	-2.66	-6.33	39.27	10.18	5.92	3.92
Liabilities / Assets	1.37	1.15	0.97	0.90	0.83	0.74
Efficiency
Asset turnover	0.63	0.75	0.71	0.66	0.55	0.51
Inventory turnover	-	9.41	8.52	8.40	8.97	6.53
Days sales outstanding	-	-	-	-	-	-
Days inventory outstanding	-	39d	43d	43d	41d	56d
Days payable outstanding	-	157d	106d	75d	72d	51d
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	-	-	-	-	-	-
P / B	-	-	-	-	-	-
P / S	-	-	-	-	-	-
EV / EBITDA	-	-	-	-	-	-
Growth
Revenue growth (YoY)	-29.8%	1.1%	-12.5%	14.3%	-22.0%	-56.5%
Revenue CAGR (3y)	-14.7%	0.4%	-7.9%	-27.1%	-32.0%	24.2%
Revenue CAGR (5y)	-11.1%	-19.3%	-20.6%	11.3%	-16.3%	-
Gross profit growth (YoY)	-30.6%	0.7%	-21.2%	109.9%	350.2%	-87.1%
Operating income growth (YoY)	40.4%	54.9%	-523.9%	79.8%	57.1%	14.7%
Net income growth (YoY)	22.8%	32.3%	-135.3%	53.6%	-159.3%	80.4%
EPS growth (YoY)	23.5%	34.4%	-103.9%	55.3%	-149.3%	-193.6%
EPS CAGR (3y)	-	-	-	-	-	-
EPS CAGR (5y)	-	-	-	-	-	-
FCF growth (YoY)	-74.7%	468.4%	-79.3%	32390.4%	-	-
FCF CAGR (5y)	-	-23.5%	-46.8%	-29.4%	-76.9%	-
Book value growth (YoY)	-97.5%	-	-78.9%	-44.1%	-52.8%	-17.4%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2020-12-31.

Business segments

$122.67M total

EAnd PTechnology And Services$91.77M · 74.8%

Operations Optimization$30.91M · 25.2%

Product / service

$321.94M total

Service$93.35M · 29.0%

Multiclient$76.59M · 23.8%

Data Library$65.79M · 20.4%

Product$29.33M · 9.1%

Devices$16.77M · 5.2%

Imaging And Resevoir Services$15.18M · 4.7%

Optimization Software And Services$14.14M · 4.4%

New Venture$10.80M · 3.4%

Geographic

$122.67M total

Latin America$43.39M · 35.4%

Africa$27.13M · 22.1%

Europe$17.95M · 14.6%

Asia Pacific$16.70M · 13.6%

North America$9.52M · 7.8%

Other$4.80M · 3.9%

Middle East$3.19M · 2.6%

Stability scores

Altman Z′

FY 2020 · bankruptcy risk

-4.70

Distress

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2020 · 9-point quality

4/9

Neutral

✗Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✓Cash flow > net income
-Long-term debt decreased
✗Current ratio improved
✓No share dilution
✗Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Oil & Gas Field Exploration Services

Company	Revenue (last FY)	Net margin	ROE
znog	-	-	-18.0%
DWSN	-	-	-12.3%
DENR	-	-	24.6%

Comparing ION GEOPHYSICAL CORP against the 3 most active filers in the same SIC group.