Dawson Geophysical Q4 revenue up 35% to $14.7M; net loss narrows to $2.8M

DAWSON GEOPHYSICAL CO

Q4 2022 revenue $14.7M, up 35% YoY; net loss $2.8M vs $6.98M in Q4 2021.
Full year 2022 revenue $37.5M, up 52% YoY; net loss $20.5M ($0.86/share) vs $29.1M ($1.23).
Q4 EBITDA loss improved to $500K from $4.3M loss in prior year quarter.
Cash and short-term investments $19.2M at Dec 31, 2022; working capital $22.3M.
Board approved initial 2023 capital budget of $5M; currently running two mid-sized crews in US and four in Canada.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DAWSON GEOPHYSICAL CO reported preliminary financial results for fourth quarter and fiscal year ended December 31, 2022.

Period: fourth quarter and fiscal year ended December 31, 2022
Result: preliminary results

Exact text from the filing

On March 13, 2023, Dawson Geophysical Company (the “Company”) issued a press release reporting its preliminary and unaudited financial results for its fourth quarter and full year ended December 31, 2022.

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Source: SEC EDGAR

accession 0001104659-23-031829

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