Dawson Geophysical Q1 revenue up 56% YoY to $18.4M; net loss narrows to $2.4M

DAWSON GEOPHYSICAL CO

2022-Q1 EPS reported -$0.10 revenue$18,359,000

Revenues of $18.36M, up 56% YoY from $11.75M; net loss of $2.39M ($0.10 loss per share) vs $5.23M loss prior year.
Positive EBITDA of $229,000, compared to negative EBITDA of $1.86M in Q1 2021.
Transaction costs of $2.87M incurred related to failed Wilks Brothers merger; Wilks owns ~74.5% of shares.
No crews currently working; no Q2 crew expected and limited Q3 activity; demand remains weak despite high oil prices.

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