ION Geophysical reports $4.94 million operating income for July

By Sarah Lizee

Olympia, Wash., Sept. 1 – ION Geophysical Corp. reported a $4.94 million operating income on $15.15 million total revenue for July, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Southern District of Texas.

The net income for the period was $4.17 million.

The company listed $9.99 million in cash and cash equivalents at the end of July.

ION Geophysical is a Houston-based provider of geophysical technology, services and solutions for the oil and gas industry. The company filed Chapter 11 bankruptcy on April 12 under case number 22-30987.

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