secwatch.observer — SEC 8-K summary
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Issuer:     DAWSON GEOPHYSICAL CO (DWSN)
CIK:        0000799165
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001104659-23-115965
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799165/000110465923115965/0001104659-23-115965-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799165/000110465923115965/tm2329709d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-115965

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