Dawson Geophysical Q4 revenue down 36% YoY to $15.6M; full-year adjusted EBITDA turns positive

DAWSON GEOPHYSICAL CO

Q4 net loss of $0.8M ($0.03 EPS) vs loss of $0.6M ($0.02 EPS) in Q4 2023.
Full-year 2024 revenue $74.2M (-23% YoY); net loss narrowed to $4.1M ($0.13 EPS) from $12.1M.
Gross margin improved to 21% in 2024 from 16% in 2023; G&A reduced 25% YoY.
Adjusted EBITDA of $2M in 2024, first positive annual EBITDA since 2020.
Backlog for six months ending Sep 30, 2025 is >150% of comparable 2024 period; $6M 2025 capex approved.

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