Ian Shaw
Ian Shaw as the Company’s Chief Financial Officer
Highest-materiality recent filing
Dawson Geophysical Q2 revenue up 60% to $14M; net loss $3.4M on strategic costs
Q2 2026 fee revenue $14M, up 60% YoY; net loss $3.4M ($0.11/share) incl. $1.7M strategic transaction costs.
Dawson Geophysical Q1 revenue $32.5M (+113% YoY); net income $7.7M ($0.25 EPS)
Revenue of $32.5M for Q1 2026, an increase of 113% vs. Q1 2025.
Dawson Geophysical Q4 revenue up 72% YoY, net income $0.6M; full-year net loss narrows to $1.9M
Q4 revenue $27.0M (+72% YoY); fee revenue $22.9M (+67%); net income $0.6M ($0.02 EPS).
Dawson Geophysical Q3 revenue up 220% YoY to $14.9M; net loss narrows to $1.2M
Q3 fee revenue $14.9M (+220% YoY); net loss $1.2M ($0.04/sh) vs $5.6M ($0.18/sh) in Q3 2024.
Dawson Geophysical enters $5M secured revolver at 13% interest; related-party lender
Revolving credit facility of up to $5,035,032 at 13% annual interest; 36 monthly principal payments of $139,862 starting Dec 20, 2025.
Dawson Geophysical Q2 2025: revenue up 5% to $8.7M; net loss narrows to $2.3M
Q2 2025 fee revenues were $8.7M vs $8.3M in 2024; net loss was $2.3M ($0.08/share) vs $3.5M ($0.12/share).
Dawson Geophysical purchases $24.2M Pioneer seismic nodes from Geospace; financed via notes
Dawson Operating subsidiary acquires Pioneer ultralight land nodes from Geospace for ~$24.2M total purchase price.
Dawson Geophysical Q1 revenue $16.1M (-49% YoY); net income $1M, Adj. EBITDA $2.3M
Revenue of $16.1M, down 49% from $31.6M in Q1 2024. Gross margin 28% vs 36%.
Dawson Geophysical Q4 revenue down 36% YoY to $15.6M; full-year adjusted EBITDA turns positive
Q4 net loss of $0.8M ($0.03 EPS) vs loss of $0.6M ($0.02 EPS) in Q4 2023.
Dawson Geophysical Q3 revenue $14.4M, down 37% YoY; net loss $5.6M
Revenue $14.4M, down 37% YoY from $23M in Q3 2023.
Dawson Geophysical Q2 revenue $12.5M, net loss $3.5M; crew count reduced to one
Revenue $12.5M, down 38% YoY from $20.2M; net loss $3.5M ($0.12/share) vs loss $4.4M ($0.18/share) in prior year.
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%.
Dawson Geophysical Q4 revenue $24.3M (+39%); net loss $2.1M; special dividend $0.32/share
Revenue $24.3M in Q4 2023, up 39% from $17.5M in Q4 2022; gross margin improved to 20% from 6%.
Dawson Geophysical finalizes separation agreements with CEO, CFO, COO
CEO Stephen Jumper, CFO James Brata, and COO C. Ray Tobias terminated; effective Dec 20, 2023; responsibilities ceased Nov 20.
Revenue $20.2M vs $4.8M YoY; net loss $4.4M ($0.18/sh) vs $7.6M ($0.30/sh) prior year.
Dawson Geophysical files Breckenridge audited financials: $16.9M revenue, $1.87M net income in 2022
Acquisition consideration: 1,188,235 DWSN shares and a $9,880,000.50 convertible note (converts to 5,811,765 shares at $1.70/share, subject to stockholder approval).
Dawson Geophysical Q1 revenue up 34% to $29.4M; net loss narrows to $0.02/share
Revenue $29.4M, up 34% YoY (combined with Breckenridge); net loss $413K ($0.02/share) vs $1.385M loss.
Dawson Geophysical acquires Breckenridge seismic assets for 7M shares; credit line cut to $5M
Acquired substantially all Breckenridge seismic data acquisition assets (excluding multi-client library) for 7,000,000 shares of Dawson common stock.
Dawson Geophysical Q4 revenue up 35% to $14.7M; net loss narrows to $2.8M
Q4 2022 revenue $14.7M, up 35% YoY; net loss $2.8M vs $6.98M in Q4 2021.
Dawson Geophysical Q3 revenue up 85% YoY to $3.5M; net loss $7.6M ($0.32/share)
Revenue $3,538,000 vs $1,914,000 in Q3 2021; net loss $7,603,000 ($0.32 loss per share) vs $7,865,000 ($0.33 loss).
Dawson Geophysical Q2 loss narrows to $7.7M; revenues up but no US crew activity
Revenues $921K, up from $193K YoY; net loss $7.68M ($0.32/sh) vs $9.02M ($0.38) in Q2 2021.
Dawson Geophysical Q1 revenue up 56% YoY to $18.4M; net loss narrows to $2.4M
Revenues of $18.36M, up 56% YoY from $11.75M; net loss of $2.39M ($0.10 loss per share) vs $5.23M loss prior year.
Dawson Geophysical fails Nasdaq audit committee rule after two director resignations
Directors Ted R. North and Mark A. Vander Ploeg resigned effective March 23, 2022, not due to disagreement.
Dawson Geophysical stockholders reject merger with Wilks Brothers LLC
Merger proposal failed: 18,175,963 for, 2,780,196 against, 2,866 abstain; required threshold not met.
Q4 2021 revenue $10.84M (+22% YoY), net loss $6.98M ($0.30 loss/share); full-year revenue $24.70M (-71.3%), net loss $29.09M ($1.23 loss/share).
Wilks Brothers completes tender offer for Dawson Geophysical; acquires 73.5% control
Merger Sub purchased 15.3M shares at $2.34 per share; total consideration approx. $35.8M in cash.
Dawson Geophysical amends merger deal: tender threshold lowered to 66.67%, offer extended to Jan 14
Minimum tender condition reduced from 80% to 66.67% of outstanding shares to close the offer.
Dawson amends merger agreement with Wilks to adjust tender offer extension thresholds
Amendment: if tendered shares + Wilks-owned shares reach 65% but <80%, Merger Sub must extend offer for 10, 14, and 4 business days in succession.
Cash, restricted cash and ST investments approx. $36.5M as of Nov 12, 2021, down from Sep 30 balance.
Q3 revenue $1.914M vs $8.738M YoY (-78%); net loss $7.865M or $0.33/share (same EPS as Q3 2020).
Wilks subsidiary to launch tender offer by Nov 1 for all Dawson shares at $2.34 cash per share.
Dawson Geophysical Q2 2021 revenue $193K, net loss $9.0M; no crews operating
Q2 2021 revenues $193K vs $29.5M in Q2 2020; net loss $9.0M ($0.38/share) vs net income $1.5M ($0.06) prior year.
Ian Shaw as the Company’s Chief Financial Officer
Ray Mays as the Company’s Chief Operating Officer and Executive Vice President
effective as of November 20, 2023, the Board of Directors of the Company (the “ Board ”) appointed: (i) Anthony Clark as the Company’s President and Chief Executive Officer
it was determined by the Board of Directors of Dawson Geophysical Company (the “Company”) that the employment of (i) James K. Brata, the Company’s Chief Financial Officer, Executive Vice President, Secretary and Treasurer; (ii) Stephen C. Jumper, the Company’s President and Chief Executive Officer; and (iii) C. Ray Tobias, the Company’s Chief Operating Officer and Executive Vice President would terminate (the “Terminations”) on December 20, 2023
it was determined by the Board of Directors of Dawson Geophysical Company (the “Company”) that the employment of (i) James K. Brata, the Company’s Chief Financial Officer, Executive Vice President, Secretary and Treasurer; (ii) Stephen C. Jumper, the Company’s President and Chief Executive Officer; and (iii) C. Ray Tobias, the Company’s Chief Operating Officer and Executive Vice President would terminate (the “Terminations”) on December 20, 2023
it was determined by the Board of Directors of Dawson Geophysical Company (the “Company”) that the employment of (i) James K. Brata, the Company’s Chief Financial Officer, Executive Vice President, Secretary and Treasurer; (ii) Stephen C. Jumper, the Company’s President and Chief Executive Officer; and (iii) C. Ray Tobias, the Company’s Chief Operating Officer and Executive Vice President would terminate (the “Terminations”) on December 20, 2023
the employment of (i) James K. Brata, the Company’s Chief Financial Officer, Executive Vice President, Secretary and Treasurer; (ii) Stephen C. Jumper, the Company’s President and Chief Executive Officer; and (iii) C. Ray Tobias, the Company’s Chief Operating Officer and Executive Vice President would terminate (the “Terminations”) on December 20, 2023
effective as of November 20, 2023 as appointed by the Board of Directors of the Company: (x) Anthony Clark will serve as the Company’s President and Chief Executive Officer, (y) Ray Mays will serve as the Company’s Chief Operating Officer, and (z) Ian Shaw will serve as the Company’s Chief Financial Officer
effective as of November 20, 2023 as appointed by the Board of Directors of the Company: (x) Anthony Clark will serve as the Company’s President and Chief Executive Officer, (y) Ray Mays will serve as the Company’s Chief Operating Officer, and (z) Ian Shaw will serve as the Company’s Chief Financial Officer
effective as of November 20, 2023 as appointed by the Board of Directors of the Company: (x) Anthony Clark will serve as the Company’s President and Chief Executive Officer, (y) Ray Mays will serve as the Company’s Chief Operating Officer, and (z) Ian Shaw will serve as the Company’s Chief Financial Officer
the employment of (i) James K. Brata, the Company’s Chief Financial Officer, Executive Vice President, Secretary and Treasurer; (ii) Stephen C. Jumper, the Company’s President and Chief Executive Officer; and (iii) C. Ray Tobias, the Company’s Chief Operating Officer and Executive Vice President would terminate (the “Terminations”) on December 20, 2023
the employment of (i) James K. Brata, the Company’s Chief Financial Officer, Executive Vice President, Secretary and Treasurer; (ii) Stephen C. Jumper, the Company’s President and Chief Executive Officer; and (iii) C. Ray Tobias, the Company’s Chief Operating Officer and Executive Vice President would terminate (the “Terminations”) on December 20, 2023
Max materiality 0.85 · Median 0.60 · Most common event earnings