Company profile

Ticker
IO
Exchange
Website
CEO
Christopher Theron Usher
Employees
Incorporated in
Location
Fiscal year end
Former names
Input Output Inc
SEC CIK
IRS number
222286646

IO stock data

(
)
FINRA relative short interest over last month (20 trading days) ?

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

7 May 20
3 Jun 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 56.41M 42.71M 53.24M 41.78M
Net income -2.34M -14.35M -3.33M -8.29M
Diluted EPS -0.16 -1.02 -0.26 -0.61
Net profit margin -4.15% -33.60% -6.25% -19.84%
Operating income 6.33M -9.83M 3.86M -2.55M
Net change in cash 9.6M 5.17M -1.67M -8.84M
Cash on hand 42.66M 33.07M 27.89M 29.56M
Cost of revenue 26.9M 37.47M 27.95M 22.19M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 174.68M 180.05M 197.55M 172.81M
Net income -47.21M -70.4M -29.38M -64.73M
Diluted EPS -3.41 -5.2 -2.55 -5.71
Net profit margin -27.03% -39.10% -14.87% -37.46%
Operating income -24.46M -54.27M -8.7M -43.17M
Net change in cash -486K -18.51M -596K -32.28M
Cash on hand 33.07M 33.55M 52.06M 52.65M
Cost of revenue 114.66M 120.43M 121.92M 136.78M

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
11 Mar 20 Lapeyre James M JR Common Stock Buy Aquire P 1.7485 100,000 174.85K 417,773
5 Mar 20 Michael L Morrison Common Stock Grant Aquire A 0 25,000 0 61,139
5 Mar 20 Michael L Morrison Common Stock Grant Aquire A 0 25,000 0 36,139
1 Mar 20 S James Nelson Common Stock Grant Aquire A 0 2,500 0 21,766
1 Mar 20 Huasheng Zheng Common Stock Grant Aquire A 0 2,500 0 5,935
1 Mar 20 Huasheng Zheng Common Stock Payment of exercise Dispose F 3.52 750 2.64K 3,435
1 Mar 20 Tina L Wininger Common Stock Grant Aquire A 0 2,500 0 4,862
29.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 44 59 -25.4%
Opened positions 6 13 -53.8%
Closed positions 21 9 +133.3%
Increased positions 12 20 -40.0%
Reduced positions 16 17 -5.9%
13F shares
Current Prev Q Change
Total value 5.71M 48.07M -88.1%
Total shares 4.49M 5.53M -18.8%
Total puts 14.9K 0 +Infinity%
Total calls 20.5K 35K -41.4%
Total put/call ratio 0.7
Largest owners
Shares Value Change
Renaissance Technologies 1.1M $1.39M +4.9%
Dimensional Fund Advisors 501.88K $637K -3.7%
Vanguard 488.16K $619K 0.0%
NEU Neuberger Berman 324.71K $413K -34.6%
DB Deutsche Bank 324.31K $412K +3.5%
Gates Capital Management 300.22K $381K -38.5%
BLK BlackRock 183.56K $233K -6.3%
Acadian Asset Management 176.4K $224K +2.0%
Gsa Capital Partners 162.95K $207K +416.7%
Jacobs Levy Equity Management 122.95K $156K +333.1%
Largest transactions
Shares Bought/sold Change
MS Morgan Stanley 49.31K -263.54K -84.2%
Gates Capital Management 300.22K -188.24K -38.5%
NEU Neuberger Berman 324.71K -171.91K -34.6%
Gsa Capital Partners 162.95K +131.41K +416.7%
Squarepoint Ops 0 -113.45K EXIT
Jacobs Levy Equity Management 122.95K +94.56K +333.1%
Alambic Investment Management 0 -87.94K EXIT
Arrowstreet Capital, Limited Partnership 18.09K -64.9K -78.2%
CS Credit Suisse 0 -57.83K EXIT
Renaissance Technologies 1.1M +50.81K +4.9%

Financial report summary

?
Risks
  • The COVID-19 pandemic has adversely affected our business; the ultimate effect on our operations and financial condition will depend on future developments that are highly uncertain.
  • Crude oil prices have declined significantly in 2020 and, if oil prices fail to rebound, our operations and financial condition may be materially and adversely affected.
Management Discussion
  • Our consolidated net revenues of $56.4 million for the three months ended March 31, 2020 (the “Current Quarter”) increased by $19.5 million, or 53%, compared to consolidated net revenues of $37.0 million for the three months ended March 31, 2019 (the “Comparable Quarter”). Our total gross margin was 50% in the Current Quarter, as compared to 27% in the Comparable Quarter. For the Current Quarter, our income from operations was $6.3 million, compared to a loss of $15.9 million for the Comparable Quarter.
  • Net loss for the Current Quarter was $2.3 million, or $0.16 loss per share, compared to $21.4 million, or $1.52 loss per share, for the Comparable Quarter. Adjusted net income for the Current Quarter was $4.7 million, or $0.33 per share, compared to an adjusted net loss of $16.9 million, or $1.20 loss per share for the Comparable Quarter.
  • E&P Technology & Services — Net revenues for the Current Quarter increased by $19.4 million, or 72%, to $46.5 million, compared to $27.1 million for the Comparable Quarter. Within the E&P Technology & Services segment, total multi-client revenues were $41.6 million, an increase of 78%. This increase was driven by increased sales of global 2D data library, partly offset by a reduction in new venture revenues. Imaging and Reservoir Services revenues were $4.9 million, a $1.3 million increase compared to the Comparable Quarter resulting from working through existing backlog. The Current Quarter reflects a gross profit of $23.7 million, representing a 51% gross margin, compared to a gross profit of $5.4 million, or 20% gross margin, in the Comparable Quarter. These improvements in gross profit and margin were due to an increase in our Data Library revenues.
Content analysis ?
Positive
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Uncertain
Constraining
Legalese
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