---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-133978"
form_type: "8-K"
ticker: "DWSN"
cik: "0000799165"
company_name: "DAWSON GEOPHYSICAL CO"
filed_at: "2021-11-04T23:59:59+00:00"
generated_at: "2026-06-28T13:29:28.244587+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Dawson Geophysical Q3 2021 revenue down 78% YoY; net loss $0.33 per share; Wilks tender at $2.34/share

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-21-133978
- form_type: 8-K
- ticker: DWSN
- cik: 0000799165
- company_name: DAWSON GEOPHYSICAL CO
- filed_at: 2021-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799165/000110465921133978/0001104659-21-133978-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799165/000110465921133978/tm2131573d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-133978
- JSON: https://secwatch.observer/filing/0001104659-21-133978.json
- Plain text: https://secwatch.observer/filing/0001104659-21-133978.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.