secwatch.observer — SEC 8-K summary
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Issuer:     DAWSON GEOPHYSICAL CO (DWSN)
CIK:        0000799165
Form:       8-K
Filed at:   2023-03-13T23:59:59+00:00
Accession:  0001104659-23-031829
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799165/000110465923031829/0001104659-23-031829-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799165/000110465923031829/tm239326d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-031829

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