secwatch.observer — SEC 8-K summary
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Issuer:     DAWSON GEOPHYSICAL CO (DWSN)
CIK:        0000799165
Form:       8-K
Filed at:   2021-08-12T23:59:59+00:00
Accession:  0001104659-21-103765
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799165/000110465921103765/0001104659-21-103765-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799165/000110465921103765/tm2124737d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-103765

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer