Segment Information

6 Months Ended

Jun. 30, 2017

The Company evaluates and reviews its results based on three business segments: E&P Technology & Services, E&P Operations Optimization, and Ocean Bottom Seismic Services. The Company measures segment operating results based on income (loss) from operations.

The following table is a summary of segment information (in thousands):



	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Net revenues:
E&P Technology & Services:
New Venture	$	19,986		$	4,579		$	26,935		$	7,885
Data Library	9,710			6,275			20,316			10,547
Total multi-client revenues	29,696			10,854			47,251			18,432
Imaging Services	4,186			7,764			9,941			13,204
Total	33,882			18,618			57,192			31,636
E&P Operations Optimization:
Devices	7,679			6,626			12,669			11,985
Optimization Software & Services	4,440			4,475			8,696			8,763
Total	12,119			11,101			21,365			20,748
Ocean Bottom Seismic Services	—			6,433			—			6,433
Total	$	46,001		$	36,152		$	78,557		$	58,817
Gross profit (loss):
E&P Technology & Services	$	11,921		$	(3,533	)	$	15,931		$	(13,306	)
E&P Operations Optimization	6,258			5,064			11,045			9,783
Ocean Bottom Seismic Services	(2,561		)	3,322			(5,257		)	(554		)
Total	$	15,618		$	4,853		$	21,719		$	(4,077	)
Gross margin:
E&P Technology & Services	35		%	(19		)%	28		%	(42		)%
E&P Operations Optimization	52		%	46		%	52		%	47		%
Ocean Bottom Seismic Services	—		%	52		%	—		%	(9		)%
Total	34		%	13		%	28		%	(7		)%
Income (loss) from operations:
E&P Technology & Services	$	6,353		$	(9,410	)	$	5,257		$	(24,124	)
E&P Operations Optimization	3,022			1,882			4,571			3,483
Ocean Bottom Seismic Services	(3,860		)	360			(7,868		)	(7,271		)
Support and other	(9,087		)	(9,420		)	(19,444		)	(18,805		)
Loss from operations	(3,572		)	(16,588		)	(17,484		)	(46,717		)
Interest expense, net	(4,241		)	(4,702		)	(8,705		)	(9,436		)
Other income (expense), net	192			(1,717		)	(4,876		)	(1,597		)
Loss before income taxes	$	(7,621	)	$	(23,007	)	$	(31,065	)	$	(57,750	)