{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-060837","form_type":"8-K","ticker":"DWSN","cik":"0000799165","company_name":"DAWSON GEOPHYSICAL CO","filed_at":"2023-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.262320+00:00","generated_at":"2026-06-15T01:52:43.448697+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Dawson Geophysical Q1 revenue up 34% to $29.4M; net loss narrows to $0.02/share","bullets":["Revenue $29.4M, up 34% YoY (combined with Breckenridge); net loss $413K ($0.02/share) vs $1.385M loss.","Ex-Breckenridge, net income $562K vs net loss $2.39M; combined EBITDA $2.18M vs $1.70M.","Acquired Breckenridge assets March 24 for 1.19M shares and a $9.9M convertible note pending vote.","Cash and ST investments $16.2M; working capital $23.9M; capital budget $5M for 2023.","Operating two Lower 48 crews; Canada winter season ended; expect short low-utilization periods but improved 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-060837","json":"https://secwatch.observer/filing/0001104659-23-060837.json","markdown":"https://secwatch.observer/filing/0001104659-23-060837.md","text":"https://secwatch.observer/filing/0001104659-23-060837.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/799165/000110465923060837/0001104659-23-060837-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/799165/000110465923060837/tm2315732d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T01:52:43.448697+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6300d4aa63becdd86f18f35ef0370be8da4a1f6f","claim":"DAWSON GEOPHYSICAL CO reported the quarter ended March 31, 2023 results: revenue $29,408,000, net income net loss of $413,000, EPS $0.02 loss per common share.","evidence_excerpt":"For the quarter ended March 31, 2023, which includes the results of Breckenridge for the entire quarter ended March 31, 2023, the Company reported revenues of $29,408,000, an increase of approximately 34% compared to $21,934,000 for the quarter ended March 31, 2022 (combined revenues of the Company and Breckenridge for such quarter). Excluding Breckenridge, the Company would have reported revenues of $28,626,000, an increase of approximately 56% compared to $18,359,000 for the quarter ended March 31, 2022. For the first quarter of 2023, the Company reported a net loss of $413,000 or $0.02 loss per common share compared to a net loss of $1,385,000 or $0.06 loss per common share for the first quarter of 2022 (combined results/net loss of the Company and Breckenridge for such quarter).","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/799165/000110465923060837/0001104659-23-060837-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Revenue","value":"$29,408,000"},{"label":"Net income","value":"net loss of $413,000"},{"label":"EPS","value":"$0.02 loss per common share"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}