Dawson Geophysical Q4 revenue +22% YoY but net loss $6.98M; full-year revenue -71%; merger vote March 15

DAWSON GEOPHYSICAL CO

Q4 2021 revenue $10.84M (+22% YoY), net loss $6.98M ($0.30 loss/share); full-year revenue $24.70M (-71.3%), net loss $29.09M ($1.23 loss/share).
EBITDA negative: Q4 -$4.27M, full year -$16.45M; cash & short-term investments $30.64M at Dec 31, 2021, down from $46.54M year ago.
Board approved initial 2022 capex budget of $5M, primarily for support vehicles.
Special meeting March 15, 2022 to vote on merger with Wilks Brothers; Wilks owns ~74.46% of shares; 80% approval required.

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