---
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"
generated_at: "2026-06-15T01:52:43.448697+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Dawson Geophysical Q1 revenue up 34% to $29.4M; net loss narrows to $0.02/share

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-060837
- JSON: https://secwatch.observer/filing/0001104659-23-060837.json
- Plain text: https://secwatch.observer/filing/0001104659-23-060837.txt

## Key facts
- Earnings Releases
  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.
  - Period: the quarter ended March 31, 2023
  - Revenue: $29,408,000
  - Net income: net loss of $413,000
  - EPS: $0.02 loss per common share
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/799165/000110465923060837/0001104659-23-060837-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.