Dawson Geophysical Q3 2023: revenue $22.96M, net loss $5.2M; two crews operating

DAWSON GEOPHYSICAL CO

2023-Q3 EPS reported -$0.40 revenue$72,588,000

Revenue $22.96M vs $7.43M year ago; net loss $5.2M ($0.20 loss per share) vs $6.9M ($0.28 loss).
Negative EBITDA $3.35M vs negative $4.15M in Q3 2022.
Pass-through charges (58% of revenue) elevated; expected to decline significantly in Q4.
Operating two crews in lower 48; high utilization expected through H1 2024; up to three crews in Canada in Q1 2024.
Cash and short-term investments $19.16M (Dec 31: $23.87M); working capital $16.93M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DAWSON GEOPHYSICAL CO reported the quarter ended September 30, 2023 results: revenue $22,961,000, net income net loss of $5,198,000, EPS $0.20 loss per common share.

Period: the quarter ended September 30, 2023
Revenue: $22,961,000
Net income: net loss of $5,198,000
EPS: $0.20 loss per common share
Result: preliminary results

Exact text from the filing

For the quarter ended September 30, 2023, the Company reported revenues of $22,961,000 compared to $7,429,000 for the comparable quarter ended September 30, 2022.

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Source: SEC EDGAR

accession 0001104659-23-115965

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