Dawson Geophysical Q2 2021 revenue $193K, net loss $9.0M; no crews operating

DAWSON GEOPHYSICAL CO

2021-Q2 EPS reported -$0.61 revenue$11,941,000

Q2 2021 revenues $193K vs $29.5M in Q2 2020; net loss $9.0M ($0.38/share) vs net income $1.5M ($0.06) prior year.
No seismic data acquisition crew operated in Q2; one midsize crew deployed mid-July in US, Canada crew possible Q4.
Six-month 2021: revenue $11.9M (down 83% YoY); net loss $14.2M ($0.61/share) vs net income $2.5M ($0.11) prior year.
Cash and short-term investments $45.9M; working capital $44.4M; nearly debt-free with $0.4M in notes and finance leases.
CapEx budget $1M for 2021; no capital expenditures incurred in first half.

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