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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net revenues $ 16,234,000 $ 53,239,000 $ 95,379,000 $ 131,970,000
Cost of services and products 14,945,000 27,951,000 59,995,000 77,187,000
Impairment of multi-client data library 0 0 1,167,000 0
Gross profit (loss) 1,289,000 25,288,000 34,217,000 54,783,000
Operating expenses:        
Research, development and engineering 2,899,000 4,878,000 9,943,000 15,421,000
Marketing and sales 2,811,000 5,591,000 8,888,000 17,444,000
General, administrative and other operating expenses 6,743,000 10,961,000 21,546,000 36,550,000
Impairment of goodwill 0 0 4,150,000 0
Total operating expenses 12,453,000 21,430,000 44,527,000 69,415,000
Income (loss) from operations (11,164,000) 3,858,000 (10,310,000) (14,632,000)
Interest expense, net (3,669,000) (3,155,000) (10,304,000) (9,378,000)
Other income (expense), net (525,000) (242,000) 6,675,000 (938,000)
Net income (loss) before income taxes (15,358,000) 461,000 (13,939,000) (24,948,000)
Income tax expense 1,056,000 3,790,000 9,982,000 7,916,000
Net loss (16,414,000) (3,329,000) (23,921,000) (32,864,000)
Net income attributable to noncontrolling interest (193,000) (394,000) (168,000) (841,000)
Net income (loss) attributable to ION $ (16,607,000) $ (3,723,000) $ (24,089,000) $ (33,705,000)
Net loss per share:        
Basic (usd per share) $ (1.16) $ (0.26) $ (1.69) $ (2.39)
Diluted (usd per share) $ (1.16) $ (0.26) $ (1.69) $ (2.39)
Weighted average number of common shares outstanding:        
Basic (in shares) 14,278 14,181 14,255 14,104
Diluted (in shares) 14,278 14,181 14,255 14,104
Service        
Net revenues $ 10,202,000 $ 41,990,000 $ 73,234,000 $ 100,525,000
Cost of services and products 11,491,000 22,690,000 47,033,000 61,931,000
Product        
Net revenues 6,032,000 11,249,000 22,145,000 31,445,000
Cost of services and products $ 3,454,000 $ 5,261,000 $ 12,962,000 $ 15,256,000