secwatch.observer — SEC 8-K summary
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Issuer:     DAWSON GEOPHYSICAL CO (DWSN)
CIK:        0000799165
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001104659-23-060837
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799165/000110465923060837/0001104659-23-060837-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799165/000110465923060837/tm2315732d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-060837

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