The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Vini Allessandra - SIG Partners - Analyst
: My first question is on the acquisition that you just did. You talked about it and issued a press release. Can you give us a little bit more details how
the Digisoft and the Sleeve Gun products fall together with the product that you are already producing from the Seamap side?
Question: Vini Allessandra - SIG Partners - Analyst
: Thank you. My second question on Latin America -- it's turning into a growth market for you. How many channels do you currently have there, and
how many of those are wireless? Is it primarily wireless equipment out there?
Question: Vini Allessandra - SIG Partners - Analyst
: (inaudible) Okay. How much of that is wireless?
Question: Vini Allessandra - SIG Partners - Analyst
: One-third is wireless, okay.
Question: Vini Allessandra - SIG Partners - Analyst
: Okay. Then the last question and I will turn it back. On the downhole seismic activity, (inaudible) you are seeing improved activity there. Can you
elaborate a little bit?
Is it only in North America? Do you have enough equipment? Is this something that you're going to be pursuing from now on? Or it's just going to
be part of the business, which is now (inaudible) the seismic side.
Question: Vini Allessandra - SIG Partners - Analyst
: Thank you so much.
Question: Mark Brown - Global Hunter Securities, LLC - Analyst
: Just wanted to ask about -- you said you expect some additional sales of the BuoyLink and GunLink. Just wanted to see if you can provide any color
in terms of quarter to quarter, if there's a number out there in terms of what you expect to add or -- Maybe also, just if you could talk a little bit
about the 4DX product and what you think the opportunity is for that.
Question: Mark Brown - Global Hunter Securities, LLC - Analyst
: Great. I just wanted to ask about the Ukraine situation. You mentioned that that's something you're monitoring, and that one of the marine rental
contracts to a Russian contractor canceled.
Wanted to understand, what percent of your revenue do you expect out of Russia? How should we think about modeling that given, obviously, a
lot of uncertainty?
Question: Mark Brown - Global Hunter Securities, LLC - Analyst
: Okay. Great. And then, just last question. You mentioned that you had purchased the wireless equipment in the fourth quarter in anticipation of
a project that you completed in this past quarter in Canada. Do you expect to continue to be able to put that equipment to use going forward,
given your comments around the soft condition, generally, in the Canadian market?
Question: Mark Brown - Global Hunter Securities, LLC - Analyst
: Okay. Great. Thank you.
Question: Joel Luton - Westlake Securities - Analyst
: With respect to acquiring the equipment from ION, when did that close? Also, how did you all finance it? Do you just draw on your revolver, or did
you finance it with cash?
Question: Joel Luton - Westlake Securities - Analyst
: Okay.
Question: Joel Luton - Westlake Securities - Analyst
: Okay. Thank you.
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