---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-115965"
form_type: "8-K"
ticker: "DWSN"
cik: "0000799165"
company_name: "DAWSON GEOPHYSICAL CO"
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T08:12:23.080024+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-115965
- form_type: 8-K
- ticker: DWSN
- cik: 0000799165
- company_name: DAWSON GEOPHYSICAL CO
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799165/000110465923115965/0001104659-23-115965-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799165/000110465923115965/tm2329709d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-115965
- JSON: https://secwatch.observer/filing/0001104659-23-115965.json
- Plain text: https://secwatch.observer/filing/0001104659-23-115965.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/799165/000110465923115965/0001104659-23-115965-index.htm

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