Dawson Geophysical Q4 revenue $24.3M (+39%); net loss $2.1M; special dividend $0.32/share

DAWSON GEOPHYSICAL CO

2024-Q1 EPS reported $0.19 revenue$31,584,000

Revenue $24.3M in Q4 2023, up 39% from $17.5M in Q4 2022; gross margin improved to 20% from 6%.
Net loss $2.1M ($0.07/share) in Q4, including $2.2M severance; positive EBITDA $1.7M vs $0.3M prior year.
Full year 2023 revenue $96.8M (+88% YoY); net loss $12.1M ($0.45/share) vs $18.6M ($0.75) in 2022.
Special cash dividend of $0.32/share, payable May 6, 2024 to holders of record April 22, 2024; aggregate ~$9.9M.
Capital budget 2024 initially $2.5M; cash and investments $16M at Dec 31, 2023 vs $23.9M at Dec 31, 2022.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

DAWSON GEOPHYSICAL CO reported preliminary financial results for fourth quarter and full year ended December 31, 2023.

Period: fourth quarter and full year ended December 31, 2023
Result: preliminary results

Exact text from the filing

On April 1, 2024, Dawson Geophysical Company (the “Company”) issued a press release reporting its preliminary and unaudited financial results for its fourth quarter and full year ended December 31, 2023.

View on SEC.gov

1362 earnings releases filed in the last 30 days. Browse all earnings releases →

DAWSON GEOPHYSICAL CO filing history →

Source: SEC EDGAR

accession 0001558370-24-004432

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.