Ion Geophysical's Corporate Customers have recorded a growth in their cost of revenue by 56.65 % in the 3 quarter 2021 year on year, sequentially costs of revenue grew by 12.51 %. During the corresponding time, Ion Geophysical Corp recorded a revenue increase by 149.96 % year on year, sequentially revenue grew by 173.06 %. While revenue at the Ion Geophysical Corp's corporate clients recorded rose by 66.58 % year on year, sequentially revenue fell by -7.28 %.
Ion Geophysical's Customers have recorded a growth in their cost of revenue by 56.65 % in the 3 quarter 2021 year on year, sequentially costs of revenue grew by 12.51 %, for the same period Ion Geophysical Corp recorded revenue increase by 149.96 % year on year, sequentially revenue grew by 173.06 %.
Ion Geophysical's Comment on Sales, Marketing and Customers
Our primary customers are E&P companies to whom we market and offer services,
primarily imaging-related processing services from our Imaging Services group,
multi-client seismic data programs from our Ventures group, and OBS data acquisition
services through OceanGeo, as well as consulting services from our E&P Advisors
and Optimization Software & Services group. Secondarily, seismic contractors
purchase our towed streamer data acquisition systems and related equipment and
software to collect data in accordance with their E&P company customers’
specifications or for their own seismic data libraries.
A significant part of our marketing effort is focused on areas outside of the
United States. Foreign sales are subject to special risks inherent in doing business
outside of the United States, including the risk of political instability, armed
conflict, civil disturbances, currency fluctuations, embargo and governmental
activities, customer credit risks and risk of non-compliance with U.S. and foreign
laws, including tariff regulations and import/export restrictions.
Ion Geophysical’s Comment on Sales, Marketing and Customers
Our primary customers are E&P companies to whom we market and offer services,
primarily imaging-related processing services from our Imaging Services group,
multi-client seismic data programs from our Ventures group, and OBS data acquisition
services through OceanGeo, as well as consulting services from our E&P Advisors
and Optimization Software & Services group. Secondarily, seismic contractors
purchase our towed streamer data acquisition systems and related equipment and
software to collect data in accordance with their E&P company customers’
specifications or for their own seismic data libraries.
A significant part of our marketing effort is focused on areas outside of the
United States. Foreign sales are subject to special risks inherent in doing business
outside of the United States, including the risk of political instability, armed
conflict, civil disturbances, currency fluctuations, embargo and governmental
activities, customer credit risks and risk of non-compliance with U.S. and foreign
laws, including tariff regulations and import/export restrictions.
Sources:
Ion Geophysical Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Ion Geophysical Corp’s corporate clients.
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