Ion Geophysical Corp (IO) 2000年年度报告「NYSE」.pdf

1、Input/Output,Inc.2000 Annual Report47661inpD1R3 8/30/00 4:33 PM Page OFC1COMPANYPROFILEInput/Output is the energyindustrys leading providerof seismic products,solutionsand services.For more than 30years,the Company has createdcustomer value by providingseismic technologies thatfacilitate more cost-e

2、ffectiveexploration and field develop-ment decisions for worldwideenergy producers.TABLE OFCONTENTSLetter To Shareholders.1Operations Review .3-7Industry.3Organization.4Performance.5Technology .6Selected Financial Data .8Form 10k.9The Cover:As depicted in this graphicdesign,Input/Outputs newstrategi

3、es focus on People(Organization and Alignment),Profits(Financial Performance)and Innovation(Technology).Related goals and progressare discussed throughoutthis report.47661inpD1R3 8/30/00 4:17 PM Page TOC1LETTERTOSHAREHOLDERSFiscal 2000 was anotherdifficult year for thegeophysical industry and for In

4、put/Output.Our revenues for the year ended May 31,2000were$121.5 million,down 38%from$197.4 million last year.We also reported a net loss of$1.55 per common share for the current year compared to a loss of$2.17 per share infiscal 1999.In particular,gross margins were negatively affected due to inten

5、se pricing pres-sure and under-utilization of manufacturing capacity in a number of the Companys productlines.This years net loss included special charges totaling$1.00 per common share.Nevertheless,the end of the year brought several positive indications of improvingfuture activity.Oil and natural

6、gas prices rose dramatically during the year stimulatingincreased drilling activity.Historically,increased drilling activity has led to greater seismicactivity.In this regard,we are beginning to see tangible signs that our customers landbusiness is improving.We also took a number of steps during the