Corporate Participants and Contact Information CHRIS USHER MIKE MORRISON President and Executive Vice President Chief Executive Officer and Chief Financial Officer CONTACT INFORMATION If you would like to view a replay of…
Forward-Looking Statements The information included herein contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results…
ION Financial Overview Revenue (m) Q3-20 results impacted by challenging market conditions 30 23 Began to more fully reflect E&P budget reductions announced this spring 20 16 Scaling asset-light business to anticipated lower…
E&P Technology and Services Q3-20 Highlights Achieved one of our top strategic objectives to enter the 3D new acquisition multi-client market Completed acquisition of the initial phase of North Sea program safely and ahead of…
E&P Technology and Services Q3-20 Highlights Global 2D data collaboration with PGS Commercialized Gemini technology Progressing well with high engagement Differentiated extended frequency source Jointly marketing 1m km increases our…
Operations Optimization Q3-20 Highlights Extended 3 command and control contracts Leveraging technologies and core competencies to optimize decision-making in new markets Port and cargo transit optimization; port security…
Operations Optimization Q3-20 Highlights Leveraging Core Competencies and Technologies to Enter New Markets Initial Focus: Energy Acoustics Monitoring offshore infrastructure in real Navigation time to reduce risks Telemetry…
Financial Results YTD Revenue (m) YTD Net Loss (m) 150 0 132 (10) Fully benefitting from nearly 40m of cost savings 100 this year 95 (20) (24) While September YTD revenues of 95m declined 50 (30) 37m vs prior year, net loss…
ION Financial Overview 3 mo ended Sep 30 9 mo ended Sep 30 2020 2019 2020 2019 Net income (loss) (16.4) (3.3) (23.9) (32.9) Q3-20 net cash flows of (11m) for cash balance of 29m (excluding revolver Non-cash adjustments 5.5 11.3…
Market Outlook Near-term market outlook is challenging Long-term outlook is more positive Oil prices stabilized and clients are settling into Significant E&P required to meet energy needs new roles with more clearly defined budgets…
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