secwatch.observer — SEC 8-K summary
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Issuer:     DAWSON GEOPHYSICAL CO (DWSN)
CIK:        0000799165
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001558370-24-004432
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799165/000155837024004432/0001558370-24-004432-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799165/000155837024004432/dwsn-20240328x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-004432

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