ION GEOPHYSICAL CORP
Energy · Oil & Gas Field Exploration Services · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | |
|---|---|---|---|---|---|---|
| Revenue | $56.4M | $37.0M | $180.0M | $197.6M | $172.8M | $40.6M |
| Operating income | $6.3M | −$15.9M | −$54.3M | −$8.7M | −$30.1M | −$46.7M |
| Net income | −$2.3M | −$21.4M | −$71.2M | −$30.2M | −$35.0M | −$55.3M |
| Total assets | $193.6M | $233.2M | $292.6M | $301.1M | $313.2M | $435.1M |
| Total liabilities | $264.7M | $267.8M | $284.7M | $270.3M | $259.8M | $323.0M |
| Equity | −$72.7M | −$36.8M | $6.2M | $29.6M | $52.9M | $112.0M |
| EPS (diluted) | $0.16 | $-1.52 | $-5.20 | $-2.55 | $-3.30 | $-5.04 |
| Shares out. | 14.2M | 14.0M | 12.0M | 11.8M | 10.6M | 164.5M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2020- Operating margin
- 11.2%
- Net margin
- −4.0%
- Return on equity
- 3.1%
- Return on assets
- −1.2%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 136.7%
- Debt / equity
- —
- Book value / share
- $-5.11
- Revenue growth (YoY)
- 52.7%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2020- Altman Z″ (distress)
- -22.22distress
- Accruals / assets
- −5.9%clean
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 3 severe● 2 warning● 4 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Operating margin is positive
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Apr 1, 2022
- NT 10-Qmissed a reporting deadline ↗Nov 12, 2013
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Schwausch ScottOfficer — VP, Finance & Corp Controller | Jul 27, 2022 | Tax withholding | 3,954 | $0.02 |
| Lambert Dale JOfficer — EVP, E&P Technology & Services | Jul 8, 2022 | Tax withholding | 11,625 | $0.14 |
| Rodermund Sheila MOfficer — EVP, Operations Optimization | Jul 8, 2022 | Tax withholding | 9,985 | $0.14 |
| Lambert Dale JOfficer — EVP, E&P Technology & Services | May 11, 2022 | Tax withholding | 5,811 | $0.37 |
| Rodermund Sheila MOfficer — EVP, Operations Optimization | May 11, 2022 | Tax withholding | 6,631 | $0.37 |
| Schwausch ScottOfficer — VP, Finance & Corp Controller | May 11, 2022 | Tax withholding | 1,977 | $0.37 |
| Williamson KenOfficer — EVP, Innov & Strat Mktg | May 11, 2022 | Tax withholding | 6,631 | $0.37 |
| Usher Christopher TheronOfficer — President & CEO | May 11, 2022 | Tax withholding | 13,377 | $0.37 |
| Morrison Michael LOfficer — EVP & CFO | May 11, 2022 | Tax withholding | 6,548 | $0.37 |
| Powers Matthew ROfficer — EVP, Gen Counsel & Corp Secy | May 11, 2022 | Tax withholding | 4,992 | $0.37 |
| Morrison Michael LOfficer — EVP & CFO | Mar 5, 2022 | Tax withholding | 4,560 | $0.80 |
| Zhang ShaohuaDirector | Mar 1, 2022 | Tax withholding | 750 | $0.58 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Regulation FD disclosureJul 22, 2022
- Director / officer change · Regulation FD disclosureJul 8, 2022
- Debt acceleration / triggering eventMay 19, 2022
- Delisting / listing-standard noticeApr 22, 2022
- Entered a material agreement · Bankruptcy or receivership · Debt acceleration / triggering event · Regulation FD disclosureApr 13, 2022
- Entered a material agreement · New financial obligation · Debt acceleration / triggering eventApr 5, 2022
- Director / officer changeApr 1, 2022
- Entered a material agreement · New financial obligation · Debt acceleration / triggering eventMar 9, 2022
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- REVOKEDNov 14, 2023
- 4FORM 4Jul 29, 2022
- 8-KFORM 8-KJul 22, 2022
- 4FORM 4Jul 12, 2022
- 4FORM 4Jul 12, 2022
- 8-KFORM 8-KJul 8, 2022
- 25-NSEJun 3, 2022
- 8-KFORM 8-KMay 19, 2022
- 4FORM 4May 13, 2022
- 4FORM 4May 13, 2022
- 4FORM 4May 13, 2022
- 4FORM 4May 13, 2022
- 4FORM 4May 13, 2022
- 4FORM 4May 13, 2022
- 4FORM 4May 13, 2022
Event-driven situations (1)
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