secwatch.observer — SEC 8-K summary
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Issuer:     DAWSON GEOPHYSICAL CO (DWSN)
CIK:        0000799165
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0001104659-21-133978
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799165/000110465921133978/0001104659-21-133978-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799165/000110465921133978/tm2131573d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-133978

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