secwatch.observer — SEC 8-K summary
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Issuer:     DAWSON GEOPHYSICAL CO (DWSN)
CIK:        0000799165
Form:       8-K
Filed at:   2022-03-08T23:59:59+00:00
Accession:  0001104659-22-031233
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799165/000110465922031233/0001104659-22-031233-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799165/000110465922031233/tm228580d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-031233

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