Ion Geophysical Corporation (NYSE:IO) Stock Is Under Pressure After Earnings: Now What?

August 12, 2021

Ion Geophysical Corporation (NYSE: IO) is down 10% in pre-market after announcing a $23.6 million loss or $0.9 per share in its Q2 2021. The company reported a 405 increase QoQ increase and a 13% YoY increase in revenue to $19.7 million despite reporting a loss. As a result, adjusted net loss attributable to the company minus special items was $11 million or $0.43 per share. The seismic data provider…