Here is why Ion Geophysical Corp. (IO) stock surged in the after-hours on Thursday?
Q2 2021 preliminary financial results announcement On July 15, 2021, ION Geophysical Corporation announced a preliminary financial outlook for the second quarter of 2021. The Company expects second quarter 2021 revenues to be approximately $20 million, which is a 40% improvement if we compared it with Q2 2020. The company’s total liquidity will be approximately $33 million consisted of $27 million of cash (including net revolver borrowings of $20 million) and approximately $6 million of remaining available borrowing capacity under the revolving credit facility at the end of the 2 nd quarter...
Source: stockstelegraph.com