secwatch.observer — SEC 8-K summary
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Issuer:     DAWSON GEOPHYSICAL CO (DWSN)
CIK:        0000799165
Form:       8-K
Filed at:   2022-05-16T23:59:59+00:00
Accession:  0001104659-22-061373
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799165/000110465922061373/0001104659-22-061373-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799165/000110465922061373/tm2215549d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-061373

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