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IO - ION Geophysical: New Opportunities Emerge Despite The Balance Sheet Risks
Ion Geophysical Corporation
IO has received several 3D re-imaging projects in various geographies.
It is also targeting the lower emission market, including the evaluation of potential sites for carbon storage.
The company's Marlin SmartPort deployments in various UK ports, North America, Latin America, and Africa have increased.
Although it continues to accumulate net losses, the debt restructuring has extended the long-term debt maturity, which avoids any near-term financial risks.