secwatch.observer — SEC 8-K summary
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Issuer:     DAWSON GEOPHYSICAL CO (DWSN)
CIK:        0000799165
Form:       8-K
Filed at:   2025-03-28T23:59:59+00:00
Accession:  0001558370-25-004024
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799165/000155837025004024/0001558370-25-004024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799165/000155837025004024/dwsn-20250328x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-004024

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