Dawson Geophysical Q3 revenue up 85% YoY to $3.5M; net loss $7.6M ($0.32/share)

DAWSON GEOPHYSICAL CO

2022-Q3 EPS reported -$0.74 revenue$22,818,000

Revenue $3,538,000 vs $1,914,000 in Q3 2021; net loss $7,603,000 ($0.32 loss per share) vs $7,865,000 ($0.33 loss).
Negative EBITDA of $5,332,000 vs $4,662,000 in prior-year quarter.
Nine-month revenue $22,818,000 (+65% YoY); net loss $17,672,000 ($0.74 loss) vs $22,110,000 ($0.94 loss).
Cash and short-term investments fell to $23,864,000 from $41,601,000 a year ago.
Co. expects increased crew activity in Q4 2022 and Q1 2023; one mid-size crew in Nov, possibly a second small-to-mid crew.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DAWSON GEOPHYSICAL CO reported quarter ended September 30, 2022 results: revenue $3,538,000, net income net loss of $7,603,000 or $0.32 loss per common share, EPS $0.32 loss per common share.

Period: quarter ended September 30, 2022
Revenue: $3,538,000
Net income: net loss of $7,603,000 or $0.32 loss per common share
EPS: $0.32 loss per common share
Result: preliminary results

Exact text from the filing

“Company”) today reported unaudited financial results for its third quarter ended September 30, 2022. For the quarter ended September 30, 2022, the Company reported revenues of $3,538,000, an increase of approximately 85% compared to $1,914,000 for the comparable quarter ended September 30, 2021. For the third quarter of 2022, the Company reported a net loss of

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Source: SEC EDGAR

accession 0001104659-22-117149

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