earnings
confidence high
sentiment negative
materiality 0.85
Dawson Geophysical Q3 2021 revenue down 78% YoY; net loss $0.33 per share; Wilks tender at $2.34/share
DAWSON GEOPHYSICAL CO
2021-Q3 EPS reported
-$0.94
revenue$13,855,000
- Q3 revenue $1.914M vs $8.738M YoY (-78%); net loss $7.865M or $0.33/share (same EPS as Q3 2020).
- Nine-month 2021 revenue $13.855M (-82% YoY); net loss $22.11M ($0.94/share) vs loss $5.347M ($0.23).
- Negative EBITDA of $4.662M in Q3 vs negative $3.796M in prior year; cash & short-term investments $41.6M (Dec 2020: $46.5M).
- Tender offer by Wilks Brothers subsidiary at $2.34/share commenced Nov 1; open until Nov 30; 80% minimum condition.
- Board unanimously recommends tendering; transaction not subject to financing; expected close in Q4 2021.