DWSN
Dawson Geophysical Company1.6800
-0.0300-1.75%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
52.16MP/E (TTM)
-Basic EPS (TTM)
-0.10Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Dawson Geophysical posted Q3 revenue of $22.7M, up 58% y/y from $14.4M yet down q/q from stronger prior quarters, driven by U.S. fee revenue jumping 217% to $14.8M on higher crew utilization while Canada added just $0.2M. Operating loss narrowed to $1.2M from $5.7M y/y as G&A fell 20%; net loss of $1.2M reflects minor interest and tax hits. Cash swelled to $5.1M with $11.9M YTD operating cash flow and $6.1M capex yielding $5.8M free cash flow (derived); total debt hit $10.1M including $7.5M Geospace notes at 8.75% for new nodal gear. Canada drags seasonally. Crews mobilize.
8-K
8-K
Secures $5M revolver at 13%
Dawson Geophysical and subsidiary Dawson Operating inked a $5,035,032 revolving credit note with Equify Financial on October 31, 2025, at 13% interest, maturing November 20, 2028, with 36 monthly $139,862 principal payments starting December 20. Secured by vibrator energy source vehicles. It's a related-party deal—Wilks brothers control both sides—greenlit by the audit committee. High rate signals tight credit.
10-Q
Q2 FY2025 results
Dawson Geophysical's Q2 FY2025 revenue dipped 21.2% y/y to $9.9M from $12.5M, driven by a sharp drop in reimbursable revenue, while fee revenue edged up 5.0% y/y to $8.7M on steady U.S. crew utilization but remained flat q/q; operating loss narrowed to $2.4M from $3.8M y/y, with gross margins improving amid cost efficiencies, though YTD revenue plunged 41.2% y/y to $25.9M and swung to a $1.3M operating loss from $2.0M profit. Diluted EPS of -$0.08 aligns with 31.0M weighted shares, showing no dilution effects. Cash swelled to $16.2M on $16.6M operating cash flow, yielding $16.0M free cash flow (derived), while debt stayed low at $2.9M including $2.0M finance leases; post-quarter, the firm inked a $24.2M deal for single-node channels, funding $6.0M cash and $18.2M in 8.75% notes over 36 months secured by equipment and Midland properties. Canada operations contributed 51% of YTD fee revenue, up 52.1% y/y on project completions. Yet oil price volatility threatens client spending.
8-K
Q2 revenue up, equipment investment
Dawson Geophysical reported Q2 2025 fee revenues of $8.7 million, up 5% from $8.3 million last year, with gross margin jumping to 13% from 1% on better efficiencies; yet net loss narrowed to $2.3 million from $3.5 million. The company committed $24.2 million for new single-node channels from Geospace Technologies, financed mostly via 8.75% notes over 36 months, to boost survey capabilities and backlog. Deployment starts August 2025. This positions Dawson for higher utilization amid rising demand.
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