Thread regarding ION Geophysical Corp. layoffs

Good News

Ion gets 5 year contract with Brunei Shell. There really is a tooth fairy!

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| 991 views | | 3 replies (last April 21, 2022) | Reply
Post ID: @OP+1gl8bJRL

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Unless they can turn this into an easily configurable, scalable repeatable product that doesn't need a full development cycle for each customer it won't be enough. I imagine it probably cost them a lot to win this project and the returns will be modest if any.

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Post ID: @1tpm+1gl8bJRL

Sounds like death throes

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Post ID: @1cqt+1gl8bJRL

Conspicuously absent from announcement is the actual contract value. It’s nice but don’t think this will move the needle much.

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Post ID: @1bpx+1gl8bJRL

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