ION Geophysical Corporation (NYSE:IO) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition
a press release containing information regarding the Companys
results of operations for the quarter ended March 31, 2017. A
copy of the press release is furnished as Exhibit 99.1 hereto.
scheduled a conference call, which will be broadcast live over
the Internet, for Thursday, May 4, at 10:00 a.m. Eastern Time
(9:00 a.m. Central). The information for accessing the conference
call is included in the press release. The webcast of the
conference call will be accompanied by a slide presentation, a
copy of which is furnished as Exhibit 99.2 hereto.
exhibits of this report (i) is not to be considered filed under
the Securities Exchange Act of 1934, as amended (the Exchange
Act) and (ii) shall not be incorporated by reference into any
previous or future filings made by or to be made by the Company
with the Securities and Exchange Commission (SEC) under the
Securities Act of 1933, as amended (the Securities Act), or the
Exchange Act.
exhibits contains certain forward-looking statements within the
meaning of Section 27A of the Securities Act and Section 21E of
the Exchange Act. These forward-looking statements may include
statements concerning future sales, earnings, revenues and
market growth, timing of sales, future liquidity and cash
levels and future cash needs and sources of cash, including
availability under our revolving line of credit facility,
expected outcomes of litigation, future compliance with our
debt financial covenants, sales expected to result from
backlogs and pipelines, benefits expected to result from
OceanGeo and the INOVA Geophysical joint venture and related
transactions, estimates regarding future commodity prices,
future investments and other statements that are not of
historical fact. Actual results may vary materially from those
described in these forward-looking statements. All
forward-looking statements reflect numerous assumptions and
involve a number of risks and uncertainties. These risks and
uncertainties include risks associated with pending and future
litigation, including the risk that an unfavorable outcome in
the lawsuit brought by WesternGeco could have a materially
adverse effect on our financial results and liquidity; audit
adjustments and other modifications to the Companys financial
statements not currently foreseen; the timing and development
of the Companys products and services and market acceptance of
the Companys new and revised product offerings; economic
downturns and volatile credit environments; international
political and economic events and turmoil; the operation,
prospects and performance of OceanGeo and the INOVA Geophysical
joint venture; the Companys level and terms of indebtedness,
including compliance with debt covenants; competitors product
offerings and pricing pressures resulting therefrom; risks that
sources of capital may not prove adequate; collection of
receivables; and technological and marketplace changes
affecting the Companys product line. Additional risk factors,
which could affect actual results, are disclosed by the Company
from time to time in its filings with the SEC, including its
Annual Reports on Form 10-K and its Quarterly Reports on Form
10-Q.
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Exhibit Number
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Description
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99.1
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Press Release dated May 3, 2017.
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99.2
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May 4, 2017 Conference Call Presentation Slides.
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About ION Geophysical Corporation (NYSE:IO)
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 Corporation (NYSE:IO) Recent Trading Information
ION Geophysical Corporation (NYSE:IO) closed its last trading session up +0.10 at 4.30 with 34,753 shares trading hands.
