secwatch.observer — SEC 8-K summary
======================================

Issuer:     DAWSON GEOPHYSICAL CO (DWSN)
CIK:        0000799165
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0001558370-24-007972
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dawson Geophysical Q1 net income $5.8M, revenue $31.6M (+7% YoY)
----------------------------------------------------------------

- Revenue $31.6M, up 7% YoY from $29.4M; gross margin improved to 35% from 25%.
- Net income $5.8M ($0.19 per share); EBITDA $7.6M vs $2.2M in Q1 2023.
- Special cash dividend of $0.32/share paid May 6, aggregate ~$9.9M.
- Expects to reduce to one US crew later in Q2 from two in Q1.
- Cash and restricted cash $16.5M at quarter-end; $5M collateral released, credit facility closed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799165/000155837024007972/0001558370-24-007972-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799165/000155837024007972/dwsn-20240513x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-007972

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