secwatch.observer — SEC 8-K summary
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Issuer:     DAWSON GEOPHYSICAL CO (DWSN)
CIK:        0000799165
Form:       8-K
Filed at:   2022-08-12T23:59:59+00:00
Accession:  0001104659-22-090063
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dawson Geophysical Q2 loss narrows to $7.7M; revenues up but no US crew activity
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- Revenues $921K, up from $193K YoY; net loss $7.68M ($0.32/sh) vs $9.02M ($0.38) in Q2 2021.
- Negative EBITDA improved to $5.23M from $5.67M; cash and short-term investments $29.9M, down 35% YoY.
- No crew operated in US during Q2; small crew deployed in early Aug 2022; Canada expected earlier start with up to three crews through Q1 2023.
- Six-month revenues $19.3M (+61%); net loss $10.1M ($0.42/sh) vs $14.2M ($0.61).
- Capital budget $5M for 2022; only $95K spent in H1; CEO sees modest demand increase and high oil price environment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799165/000110465922090063/0001104659-22-090063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799165/000110465922090063/tm2223183d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-090063

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