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.
Income Statement
| Line item | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 | Q2 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $44.39M | $19.71M | $14.04M | - | $16.23M | $22.73M | $56.41M | - | $53.24M | $41.77M |
| Cost of Revenue | - | - | - | - | $14.95M | $18.15M | $26.90M | - | $27.95M | $22.19M |
| Gross Profit | $22.23M | $3.64M | $859.0K | - | $1.29M | $4.58M | $28.34M | - | $25.29M | $19.58M |
| R&D | $3.16M | $3.38M | $2.95M | - | $2.90M | $3.04M | $4.01M | - | $4.88M | $5.19M |
| SG&A | $9.16M | $4.46M | $5.39M | - | $6.74M | $5.80M | $9.00M | - | $10.96M | $10.89M |
| Total Operating Expenses | $15.46M | $11.02M | $11.09M | - | $12.45M | $10.06M | $22.02M | - | $21.43M | $22.14M |
| D&A | - | - | $959.0K | - | - | - | $800.0K | - | - | - |
| Operating Income | $6.77M | ($7.38M) | ($10.23M) | - | ($11.16M) | ($5.47M) | $6.33M | - | $3.86M | ($2.55M) |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $3.62M | $8.78M | ($6.85M) | - | $1.06M | $3.05M | $5.87M | - | $3.79M | $2.72M |
| Net Income | ($453.0K) | ($23.59M) | ($7.16M) | - | ($16.61M) | ($5.22M) | ($2.26M) | - | ($3.72M) | ($8.62M) |
| EPS - Basic | - | - | - | - | ($1.16) | ($0.37) | ($0.16) | - | ($0.26) | ($0.61) |
| EPS - Diluted | - | - | - | - | ($1.16) | ($0.37) | ($0.16) | - | ($0.26) | ($0.61) |
Balance Sheet
| Line item | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 | Q2 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $24.14M | $26.73M | $34.23M | $37.49M | $51.06M | $62.54M | $42.66M | $33.06M | $27.89M | $29.56M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $10.67M | $10.78M | $11.03M | $11.27M | $11.87M | $11.86M | $12.82M | $12.19M | $12.93M | $13.39M |
| Accounts Payable | $28.06M | $24.97M | $28.24M | $33.42M | $35.11M | $37.25M | $43.83M | $49.32M | $43.56M | $36.40M |
| Current Assets | $74.06M | $62.41M | $65.19M | $75.18M | $86.71M | $102.38M | $120.67M | $92.63M | $102.28M | $90.84M |
| Total Assets | $190.91M | $179.26M | $189.65M | $193.59M | $217.87M | $236.23M | $259.39M | $233.19M | $254.99M | $242.42M |
| Current Liabilities | $116.19M | $102.64M | $108.75M | $226.09M | $117.25M | $120.27M | $137.73M | $116.19M | $121.95M | $102.69M |
| Long-term Debt | $107.38M | $106.86M | - | - | - | - | - | $121.54M | - | - |
| Total Liabilities | $256.07M | $243.99M | $258.02M | $264.68M | $277.39M | $280.34M | $297.99M | $267.83M | $278.10M | $261.80M |
| Stockholders' Equity | ($66.38M) | ($66.06M) | ($69.45M) | ($72.70M) | ($61.06M) | ($45.72M) | ($40.26M) | ($36.82M) | ($25.39M) | ($21.44M) |
| Retained Earnings | ($1.04B) | ($1.04B) | ($1.02B) | ($1.01B) | ($998.38M) | ($981.77M) | ($976.55M) | ($974.29M) | ($959.80M) | ($956.07M) |
Cash Flow
| Line item | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 | Q2 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($4.28M) | - | - | - | ($6.97M) | - | - | - |
| Investing Cash Flow | - | - | ($5.79M) | - | - | - | ($10.16M) | - | - | - |
| Financing Cash Flow | - | - | $6.68M | - | - | - | $26.23M | - | - | - |
| CapEx | - | - | $576.0K | - | - | - | $496.0K | - | - | - |
| Free Cash Flow | - | - | ($4.85M) | - | - | - | ($7.46M) | - | - | - |
Ratios
| Metric | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 | Q2 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 50.1% | 18.5% | 6.1% | - | 7.9% | 20.2% | 50.2% | - | 47.5% | 46.9% |
| Operating margin | 15.3% | -37.4% | -72.9% | - | -68.8% | -24.1% | 11.2% | - | 7.2% | -6.1% |
| EBITDA margin | - | - | -66.1% | - | - | - | 12.6% | - | - | - |
| Net margin | -1.0% | -119.6% | -51.0% | - | -102.3% | -23.0% | -4.0% | - | -7.0% | -20.6% |
| Free cash flow margin | - | - | -34.6% | - | - | - | -13.2% | - | - | - |
| FCF / Net income | - | - | 0.68 | - | - | - | 3.30 | - | - | - |
| R&D / Revenue | 7.1% | 17.2% | 21.0% | - | 17.9% | 13.4% | 7.1% | - | 9.2% | 12.4% |
| SG&A / Revenue | 20.6% | 22.6% | 38.4% | - | 41.5% | 25.5% | 16.0% | - | 20.6% | 26.1% |
| Effective tax rate | 114.3% | - | - | - | - | - | 162.7% | - | 5656.7% | - |
| Return on assets | -0.2% | -13.2% | -3.8% | - | -7.6% | -2.2% | -0.9% | - | -1.5% | -3.6% |
| Return on equity | 0.7% | 35.7% | 10.3% | - | 27.2% | 11.4% | 5.6% | - | 14.7% | 40.2% |
| Return on invested capital | 8.3% | -14.3% | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.64 | 0.61 | 0.60 | 0.33 | 0.74 | 0.85 | 0.88 | 0.80 | 0.84 | 0.88 |
| Quick ratio | 0.55 | 0.50 | 0.50 | 0.28 | 0.64 | 0.75 | 0.78 | 0.69 | 0.73 | 0.75 |
| Cash ratio | 0.21 | 0.26 | 0.31 | 0.17 | 0.44 | 0.52 | 0.31 | 0.28 | 0.23 | 0.29 |
| Leverage | ||||||||||
| Debt / Equity | -1.62 | -1.62 | - | - | - | - | - | -3.30 | - | - |
| Debt / Assets | 0.56 | 0.60 | - | - | - | - | - | 0.52 | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | -2.88 | -2.71 | -2.73 | -2.66 | -3.57 | -5.17 | -6.44 | -6.33 | -10.04 | -11.31 |
| Liabilities / Assets | 1.34 | 1.36 | 1.36 | 1.37 | 1.27 | 1.19 | 1.15 | 1.15 | 1.09 | 1.08 |
| Efficiency | ||||||||||
| Asset turnover | 0.23 | 0.11 | 0.07 | - | 0.07 | 0.10 | 0.22 | - | 0.21 | 0.17 |
| Inventory turnover | - | - | - | - | 1.26 | 1.53 | 2.10 | - | 2.16 | 1.66 |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | 290d | 239d | 174d | - | 169d | 220d |
| Days payable outstanding | - | - | - | - | 857d | 749d | 595d | - | 569d | 599d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 173.4% | -13.3% | -75.1% | - | -69.5% | -45.6% | 52.7% | - | -12.9% | 68.8% |
| Revenue CAGR (3y) | -10.1% | -7.3% | -25.2% | - | -35.7% | -20.9% | 20.1% | - | -12.2% | 4.9% |
| Revenue CAGR (5y) | -10.8% | -11.4% | -9.1% | - | -24.6% | -9.2% | 6.8% | - | -13.0% | -19.2% |
| Gross profit growth (YoY) | 1624.6% | -20.6% | -97.0% | - | -94.9% | -76.6% | 186.0% | - | 53.5% | - |
| Operating income growth (YoY) | - | -34.9% | - | - | - | -114.3% | - | - | - | 88.7% |
| Net income growth (YoY) | 97.3% | -351.9% | -216.5% | - | -346.1% | 39.5% | 89.4% | - | 50.6% | 66.7% |
| EPS growth (YoY) | - | - | - | - | -346.2% | 39.3% | 89.5% | - | 51.9% | 67.2% |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 35.0% | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -8.7% | -44.5% | -72.5% | -97.5% | -140.5% | -113.2% | -207.2% | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2020-12-31.
Business segments
$122.67M totalEAnd PTechnology And Services$91.77M · 74.8%
Operations Optimization$30.91M · 25.2%
Product / service
$321.94M totalService$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 totalLatin 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%
Peer comparison
Same SIC group: Oil & Gas Field Exploration Services
Comparing ION GEOPHYSICAL CORP against the 3 most active filers in the same SIC group.