---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-004432"
form_type: "8-K"
ticker: "DWSN"
cik: "0000799165"
company_name: "DAWSON GEOPHYSICAL CO"
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T05:03:11.496402+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-24-004432
- form_type: 8-K
- ticker: DWSN
- cik: 0000799165
- company_name: DAWSON GEOPHYSICAL CO
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799165/000155837024004432/0001558370-24-004432-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799165/000155837024004432/dwsn-20240328x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-004432
- JSON: https://secwatch.observer/filing/0001558370-24-004432.json
- Plain text: https://secwatch.observer/filing/0001558370-24-004432.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/799165/000155837024004432/0001558370-24-004432-index.htm

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