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ION reports first quarter 2021 results, reflecting third consecutive increase in backlog and ...


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
ION reports first quarter 2021 results, reflecting third consecutive increase in backlog and .
ION Geophysical CorporationMay 5, 2021 GMT
HOUSTON, May 05, 2021 (GLOBE NEWSWIRE) ION Geophysical Corporation (NYSE: IO) today reported total net revenues of $14.0 million in the first quarter 2021, a 49% decrease compared to $27.3 million in the fourth quarter 2020 and a 75% decrease compared to $56.4 million one year ago. At March 31, 2021, backlog, which consists of commitments for multi-client programs and proprietary imaging work, was $21.4 million or 9% higher compared to December 31, 2020.
Net loss attributable to ION in the first quarter 2021 was $7.2 million, or a loss of $0.46 per share, compared to a net loss attributable to ION of $2.3 million, or a loss of $0.16 per share in the first quarter 2020. Excluding special items in both periods, the Compan ....

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Atos links arms with IBM in AI and IoT partnership


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