ION

ION is an asset-light global technology company that provides data-driven decision-making solutions for offshore utility and defense industries. Read more

338 Followers on Owler
338 Followers on Owler
338 Followers on Owler
338 Followers on Owler

ION

ION is an asset-light global technology company that provides data-driven decision-making solutions for offshore utility and defense industries. Read more

Chris Usher's photo - President & CEO of ION

President & CEO

Chris Usher

CEO Approval Rating

68/100

Founded:

1968

Status:

PublicIndependent CompanyNYSEIO

ION TOP COMPETITORS OR ALTERNATIVES

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Schlumberger is the biggest rival of ION. Schlumberger is headquartered in Houston, Texas, and was founded in 1926. Like ION, Schlumberger also operates in the Oil & Gas Equipment & Services space. Schlumberger generates 17,419% the revenue of ION.

CGG is ION's #2 competitor. CGG is a Public company that was founded in Massy, Île-de-France in 1931. CGG is in the Industrial Machinery & Equipment field. CGG has 3,394 more employees vs. ION.

Geospace Technologies has been one of ION's top competitors. Geospace Technologies's headquarters is in Houston, Texas, and was founded in 1980. Geospace Technologies is in the Multi-Utilities industry. Geospace Technologies generates 82% of ION's revenue.

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ION Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$122.7M

ION's revenue is the ranked 7th among it's top 10 competitors. The top 10 competitors average 2B. Over the last four quarters, ION's revenue has decreased by 38.3%. Specifically, in Q1 2021's revenue was $14M; in Q4 2020, it was $27.3M; in Q3 2020, it was $16.2M; in Q2 2020, ION's revenue was $22.7M.

ION Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Global Dynamics Incorporated

Feb 2016

Source »
undisclosed
Global Dynamics provides consulting and contracting services in hydrodynamics.

-

ARAM Systems Ltd.

Jul 2008

Source »
$275M
-

These are all the companies that ION has acquired. ION has acquired 2 companies and its latest acquisition was Global Dynamics Incorporated in Feb 2016. Global Dynamics provides consulting and contracting services in hydrodynamics.

ION Funding History

Since ION was founded in 1968, it has participated in 5 rounds of funding. In total ION has raised $268.3M. ION's last funding round was on Feb 2021 for a total of $10.5M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Private Placement
Feb 2021
$10.5M
-
Debt - PPP (CARES Act)
Apr 2020
$5M - $10M
Equity
Apr 2016
$145.4M
-
Equity
Mar 2010
$66.6M
-
Equity
May 2009
$40.7M
-

Since ION was founded in 1968, it has participated in 5 rounds of funding. In total ION has raised $268.3M. ION's last funding round was on Feb 2021 for a total of $10.5M

ION Investments

No recent investments found related to ION

These are all the companies that ION has invested in. ION has invested 2 companies and its latest investment was Global Dynamics Incorporated in Feb 2016. Global Dynamics provides consulting and contracting services in hydrodynamics.

ION News

April 20, 2021Markets Insider

ION announces successful completion of its Exchange Offer and Consent Solicitation, and Rights Offering

HOUSTON, April 20, 2021 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (NYSE: IO) (the "Company" or ... See more »
April 16, 2021Markets Insider

ION to present at the 24th Annual Burkenroad Reports Investment Conference

HOUSTON, April 16, 2021 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (NYSE: IO) today announced th... See more »
April 15, 2021Markets Insider

ION revises settlement date of its Exchange Offer and Rights Offering

HOUSTON, April 15, 2021 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (NYSE: IO) (the "Company" or ... See more »
April 12, 2021Energy Global News

ION GEOPHYSICAL AWARDED AGREEMENT FOR 3D MULTI-CLIENT PROGRAMS OFFSHORE KENYA

Houston-based ION Geophysical Corporation announced that the Company was awarded an exclusive agreeme... See more »
April 9, 2021Benzinga

ION awarded exclusive agreement for 3D multi-client programs offshore Kenya

HOUSTON, April 08, 2021 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (NYSE:IO) today announced tha... See more »
March 31, 2021Subsea World News

ION set for second phase of North Sea survey

ION has finalised plans to launch the second phase of its North Sea 3D multi-client program, selectin... See more »
March 31, 2021Benzinga

ION Geophysical

ION Geophysical (NYSE:IO) reported Q4 sales of $27.30 million. Earnings fell to a loss of $4.28 milli... See more »

ION Blogs

June 14, 2019ION Blog

Maximizing value with integrated workflows that power data-driven decisions

From early stage 2D regional analysis through reservoir characterization and beyond, ION's unique tec... See more »
May 14, 2019ION Blog

Seismic Sound Off - With John Brittan

Full Waveform Inversion is evolving, not just in terms of algorithms and techniques, but also in unde... See more »
May 14, 2019ION Blog

FWI Evolution - From monolith to a toolkit

How moving to a full wave-based solution to model building and reservoir characterization will lead t... See more »

ION Press Releases

November 2, 2020PR Newswire

ION announces third quarter 2020 earnings and conference call schedule

HOUSTON, Nov. 2, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced that it ... See more »
April 1, 2020LD Micro

ION announces preliminary first quarter 2020 revenues in the range of $56-57 million, the highest first quarter revenues since 2014

Read this press release and other recent news about Ion Geophysical Corporation (IO) at ldmicro.com... See more »
February 5, 2020PR Newswire

ION reports fourth quarter and year end 2019 results

HOUSTON, Feb. 5, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today reported revenues ... See more »
October 28, 2019centralcharts

ION announces third quarter 2019 earnings and conference call schedule

ION announces third quarter 2019 earnings and conference call schedule PR Newswire HOUSTON, Oct. 28, ... See more »
July 31, 2019PR Newswire

ION reports second quarter 2019 results

HOUSTON, July 31, 2019 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today reported total ne... See more »
May 7, 2019PR Newswire

ION awarded Hart Energy Meritorious Award for Engineering Innovation in HSE for Marlin operations optimization software

HOUSTON, May 7, 2019 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced the Compa... See more »

ION Videos

Social Media

ION Headquarters

2105 Citywest Boulevard Suite 100

Houston, Texas77042-2855

1-281-933-3339

Driving Directions »

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ION Summary

ABOUT

Overview

ION is an asset-light global technology company that provides data-driven decision-making solutions for offshore utility and defense industries. ION was founded in 1968. ION's headquarters is located in Houston, Texas, USA 77042-2855. It has raised 26...

CEO

ION's President & CEO, Chris Usher, currently has an approval rating of 68%. ION's primary competitors are Schlumberger, CGG & Geospace Technologies.

Website

iongeo.com

Frequently Asked Questions about ION

  1. When was ION founded?

    ION was founded in 1968
  2. Who is ION's CEO?

    ION's CEO is Chris Usher
  3. How much revenue does ION generate?

    ION generates $122.7M in revenue
  4. How much funding does ION have?

    ION has historically raised $268.3M in funding
  1. Where is ION's headquarters?

    ION's headquarters is in Houston Texas, USA
  2. How many employees does ION have?

    ION has 496 employees
  3. What sector does ION operate in?

    ION is in Renewable Energy Equipment & Services, Oil & Gas Equipment & Services
  4. Who are ION's competitors?

    ION's top competitors are Schlumberger, CGG, Geospace Technologies