Dawson Geophysical Q3 revenue $14.4M, down 37% YoY; net loss $5.6M

DAWSON GEOPHYSICAL CO

2024-Q3 EPS reported -$0.11 revenue$22,000

Revenue $14.4M, down 37% YoY from $23M in Q3 2023.
Net loss $5.6M ($0.18 per share) vs net loss $5.2M ($0.20) in Q3 2023.
Negative EBITDA $4.3M vs negative $3.4M in Q3 2023.
Capital budget raised to $6M for new single node channels; expects improved margins.
Cash $7M, working capital $4.4M; Canada seasonal ops resumed, boosting H1 2025 outlook.

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