---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-010872"
form_type: "8-K/A"
ticker: "DWSN"
cik: "0000799165"
company_name: "DAWSON GEOPHYSICAL CO"
filed_at: "2023-06-07T23:59:59+00:00"
generated_at: "2026-06-14T06:13:37.484120+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Dawson Geophysical files Breckenridge audited financials: $16.9M revenue, $1.87M net income in 2022

## Summary
- Acquisition consideration: 1,188,235 DWSN shares and a $9,880,000.50 convertible note (converts to 5,811,765 shares at $1.70/share, subject to stockholder approval).
- Breckenridge 2022 audited results: revenue $16.89M, net income $1.87M, total assets $8.13M as of Dec 31, 2022.
- Breckenridge's largest customer (Waggoner Exploration) accounted for 88% of 2022 revenue.
- Convertible note matures on or after June 30, 2024; conversion requires NASDAQ stockholder approval.

## SEC filing metadata
- accession: 0001558370-23-010872
- form_type: 8-K/A
- ticker: DWSN
- cik: 0000799165
- company_name: DAWSON GEOPHYSICAL CO
- filed_at: 2023-06-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799165/000155837023010872/0001558370-23-010872-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799165/000155837023010872/dwsn-20230321x8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-010872
- JSON: https://secwatch.observer/filing/0001558370-23-010872.json
- Plain text: https://secwatch.observer/filing/0001558370-23-010872.txt

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