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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Net revenues $ 22,731,000 $ 41,775,000 $ 79,145,000 $ 78,731,000
Cost of services and products 18,147,000 22,192,000 45,050,000 49,236,000
Impairment of multi-client data library 0 0 1,167,000 0
Gross profit (loss) 4,584,000 19,583,000 32,928,000 29,495,000
Operating expenses:        
Research, development and engineering 3,036,000 5,186,000 7,044,000 10,543,000
Marketing and sales 1,219,000 6,060,000 6,077,000 11,853,000
General, administrative and other operating expenses 5,801,000 10,890,000 14,803,000 25,589,000
Impairment of goodwill 0 0 4,150,000 0
Total operating expenses 10,056,000 22,136,000 32,074,000 47,985,000
Income (loss) from operations (5,472,000) (2,553,000) 854,000 (18,490,000)
Interest expense, net (3,414,000) (3,111,000) (6,635,000) (6,223,000)
Other income (expense), net 6,771,000 96,000 7,200,000 (696,000)
Net income (loss) before income taxes (2,115,000) (5,568,000) 1,419,000 (25,409,000)
Income tax expense 3,052,000 2,719,000 8,926,000 4,126,000
Net income (loss) (5,167,000) (8,287,000) (7,507,000) (29,535,000)
Net income attributable to noncontrolling interest (52,000) (335,000) 25,000 (447,000)
Net income (loss) attributable to ION $ (5,219,000) $ (8,622,000) $ (7,482,000) $ (29,982,000)
Net loss per share:        
Basic (usd per share) $ (0.37) $ (0.61) $ (0.53) $ (2.13)
Diluted (usd per share) $ (0.37) $ (0.61) $ (0.53) $ (2.13)
Weighted average number of common shares outstanding:        
Basic (in shares) 14,241 14,098 14,236 14,065
Diluted (in shares) 14,241 14,098 14,236 14,065
Service        
Net revenues $ 15,547,000 $ 30,407,000 $ 63,032,000 $ 58,535,000
Cost of services and products 13,267,000 16,795,000 35,542,000 39,241,000
Product        
Net revenues 7,184,000 11,368,000 16,113,000 20,196,000
Cost of services and products $ 4,880,000 $ 5,397,000 $ 9,508,000 $ 9,995,000