DAWSON GEOPHYSICAL REPORTS THIRD QUARTER 2025 RESULTS
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Management Comment
Our Canadian segment acquired several passive monitoring surveys in the third quarter while preparing for a robust winter season. We are incorporating the new single node channels in this market, with positive feedback from our customers.
Overall, we saw the potential that this new equipment can have in terms of our competitive position in the market, and our financial results. We expect to capitalize on that potential with our first large channel crew deployment of the single node channels in the fourth quarter."
Third Quarter and Year-to-Date Results
For the third quarter ended
We incurred a net loss of
Year-to-date, we incurred a net loss of
|
1Defined as fee revenues less fee operating expenses, divided by fee revenues |
Operations Update
In
Capital Budget and Liquidity
Year-to-date, we have generated
About Dawson
Dawson Geophysical Company is a leading provider of North American onshore seismic data acquisition services with operations throughout the continental
Non-GAAP Financial Measures
In an effort to provide investors with additional information regarding the Company's preliminary and unaudited results as determined by generally accepted accounting principles ("GAAP"), the Company has included in this press release information about the Company's EBITDA, a non-GAAP financial measure as defined by Regulation G promulgated by the U.S. Securities and Exchange Commission. The Company defines EBITDA as net income (loss) plus interest expense, interest income, income taxes, depreciation and amortization expense. The Company uses EBITDA, further adjusted for other unusual items (Adjusted EBITDA), when applicable, as a supplemental financial measure to assess:
- the financial performance of its assets without regard to financing methods, capital structures, taxes or historical cost basis;
- our operating performance over time in relation to other companies that own similar assets and that we believe calculate EBITDA in a similar manner; and
- the ability of the Company's assets to generate cash sufficient for the Company to pay potential interest costs.
The Company also understands that such data are used by investors to assess our performance. However, the term EBITDA is not defined under generally accepted accounting principles ("GAAP"), and EBITDA is not a measure of operating income or operating performance presented in accordance with GAAP. When assessing the Company's operating performance, investors and others should not consider this data in isolation or as a substitute for net income (loss), cash flow from operating activities or other cash flow data calculated in accordance with GAAP. In addition, the Company's EBITDA may not be comparable to EBITDA or similarly titled measures utilized by other companies since other companies may not calculate EBITDA in the same manner as the Company. Further, the results presented by EBITDA cannot be achieved without incurring the costs that the measure excludes: interest, taxes, depreciation and amortization, and other unusual items. For the three and nine months ended
Forward-Looking Statements
In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, the Company cautions that statements in this press release which are forward-looking and which provide other than historical information involve risks and uncertainties that may materially affect the Company's actual results of operations. Forward-looking statements generally relate to future events or the Company's future financial or operating performance and may be identified by words such as "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," or similar words. Such statements include, but are not limited to, statements about the Company's future financial or operating performance, statements of the Company's position in the marketplace; statements about the Company's growth potential and strategies for growth; statements about the Company's ability to realize the benefits expected from the new single node channels; and any indication that the Company may be able to sustain or increase its sales, earnings or earnings per share, or its sales, earnings or earnings per share growth rates. Such forward-looking statements are based on the beliefs of management as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors. These risks include, but are not limited to, the Company's status as a controlled public company, which exempts the Company from certain corporate governance requirements; the limited market for the Company's shares, which could result in the delisting of the Company's shares from Nasdaq and the Company no longer being required to make filings with the U.S. Securities and Exchange Commission (the "SEC"); the impact of general economic, industry, market or political conditions; dependence upon energy industry spending; changes in exploration and production spending by our customers and changes in the level of oil and natural gas exploration and development; the results of operations and financial condition of our customers, particularly during extended periods of low prices for crude oil and natural gas; the volatility of oil and natural gas prices; changes in economic conditions; surplus in the supply of oil and the ability of the Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+ to agree on and comply with supply limitations; the duration and magnitude of the unprecedented disruption in the oil and gas industry currently resulting from the impact of the foregoing factors, which is negatively impacting our business; the potential for contract delays; reductions or cancellations of service contracts; limited number of customers; credit risk related to our customers; reduced utilization; high fixed costs of operations and high capital requirements; industry competition; external factors affecting the Company's crews such as weather interruptions and inability to obtain land access rights of way; whether the Company enters into turnkey or day rate contracts; crew productivity; risks that the Company's cash reserves, liquidity or capital resources may be insufficient; risks related to our indebtedness and compliance with covenants contained in our revolving credit facility; the Company's ability to execute its business strategies and plans for growth; the failure to operationalize the new single node channels in a timely manner or at all; disruptions in the global economy, including export controls and financial and economic sanctions imposed on certain industry sectors and parties as a result of the developments in
|
DAWSON GEOPHYSICAL COMPANY CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (unaudited and amounts in thousands, except share and per share data) |
||||||||||||
|
|
||||||||||||
|
|
Three Months Ended |
|
Nine Months Ended |
|
||||||||
|
|
2025 |
|
2024 |
|
2025 |
|
2024 |
|
||||
|
Operating revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Fee Revenue |
$ |
14,942 |
|
$ |
4,663 |
|
$ |
38,936 |
|
$ |
39,727 |
|
|
Reimbursable Revenue |
|
7,804 |
|
|
9,758 |
|
|
9,739 |
|
|
18,790 |
|
|
|
|
22,746 |
|
|
14,421 |
|
|
48,675 |
|
|
58,517 |
|
|
Operating costs: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
Fee operating expenses |
|
12,655 |
|
|
6,393 |
|
|
31,216 |
|
|
31,712 |
|
|
Reimbursable operating expenses |
|
7,804 |
|
|
9,758 |
|
|
9,739 |
|
|
18,790 |
|
|
Total operating expenses |
|
20,459 |
|
|
16,151 |
|
|
40,955 |
|
|
50,502 |
|
|
General and administrative |
|
2,110 |
|
|
2,630 |
|
|
6,435 |
|
|
7,347 |
|
|
Depreciation and amortization |
|
1,349 |
|
|
1,388 |
|
|
3,794 |
|
|
4,383 |
|
|
|
|
23,918 |
|
|
20,169 |
|
|
51,184 |
|
|
62,232 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from operations |
|
(1,172) |
|
|
(5,748) |
|
|
(2,509) |
|
|
(3,715) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
59 |
|
|
72 |
|
|
98 |
|
|
290 |
|
|
Interest expense |
|
(71) |
|
|
(35) |
|
|
(205) |
|
|
(120) |
|
|
Other income (expense), net |
|
41 |
|
|
59 |
|
|
112 |
|
|
264 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss before income tax |
|
(1,143) |
|
|
(5,652) |
|
|
(2,504) |
|
|
(3,281) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax (expense) benefit |
|
(10) |
|
|
35 |
|
|
(6) |
|
|
(36) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss |
|
(1,153) |
|
|
(5,617) |
|
|
(2,510) |
|
|
(3,317) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net unrealized (loss) income on foreign exchange rate translation |
|
(71) |
|
|
29 |
|
|
376 |
|
|
(241) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive loss |
$ |
(1,224) |
|
$ |
(5,588) |
|
$ |
(2,134) |
|
$ |
(3,558) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic loss per share of common stock |
$ |
(0.04) |
|
$ |
(0.18) |
|
$ |
(0.08) |
|
$ |
(0.11) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted loss per share of common stock |
$ |
(0.04) |
|
$ |
(0.18) |
|
$ |
(0.08) |
|
$ |
(0.11) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average equivalent common shares outstanding |
|
31,047,801 |
|
|
30,906,777 |
|
|
31,006,304 |
|
|
30,845,076 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average equivalent common shares outstanding - assuming dilution |
|
31,047,801 |
|
|
30,906,777 |
|
|
31,006,304 |
|
|
30,845,076 |
|
|
DAWSON GEOPHYSICAL COMPANY CONSOLIDATED BALANCE SHEETS (unaudited and amounts in thousands, except share data) |
|||||||
|
|
|||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
|
|
2025 |
|
2024 |
|
||
|
Assets |
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
5,081 |
|
$ |
1,385 |
|
|
Accounts receivable, net |
|
|
2,171 |
|
|
9,970 |
|
|
Prepaid expenses and other current assets |
|
|
5,934 |
|
|
3,186 |
|
|
Total current assets |
|
|
13,186 |
|
|
14,541 |
|
|
|
|
|
|
|
|
|
|
|
Property and equipment |
|
|
250,374 |
|
|
238,064 |
|
|
Less accumulated depreciation |
|
|
(226,553) |
|
|
(225,085) |
|
|
Property and equipment, net |
|
|
23,821 |
|
|
12,979 |
|
|
|
|
|
|
|
|
|
|
|
Operating lease right-of-use assets |
|
|
3,209 |
|
|
3,002 |
|
|
|
|
|
|
|
|
|
|
|
Intangibles, net |
|
|
359 |
|
|
348 |
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
$ |
40,575 |
|
$ |
30,870 |
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Stockholders' Equity |
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
5,698 |
|
$ |
3,381 |
|
|
Accrued liabilities: |
|
|
|
|
|
|
|
|
Payroll costs and other taxes |
|
|
1,403 |
|
|
2,014 |
|
|
Other |
|
|
1,052 |
|
|
830 |
|
|
Deferred revenue |
|
|
3,709 |
|
|
1,570 |
|
|
Current maturities of notes payable and finance leases |
|
|
3,598 |
|
|
1,010 |
|
|
Current maturities of operating lease liabilities |
|
|
1,075 |
|
|
1,125 |
|
|
Total current liabilities |
|
|
16,535 |
|
|
9,930 |
|
|
|
|
|
|
|
|
|
|
|
Long-term liabilities: |
|
|
|
|
|
|
|
|
Notes payable and finance leases, net of current maturities |
|
|
6,545 |
|
|
1,512 |
|
|
Operating lease liabilities, net of current maturities |
|
|
2,290 |
|
|
2,131 |
|
|
Deferred tax liabilities, net |
|
|
16 |
|
|
16 |
|
|
Total long-term liabilities |
|
|
8,851 |
|
|
3,659 |
|
|
|
|
|
|
|
|
|
|
|
Commitments and contingencies |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
Stockholders' equity: |
|
|
|
|
|
|
|
|
Preferred stock-par value |
|
|
— |
|
|
— |
|
|
Common stock-par value |
|
|
|
|
|
|
|
|
31,047,801 and 30,983,437 shares issued and outstanding at |
|
|
|
|
|
|
|
|
and |
|
|
310 |
|
|
310 |
|
|
Additional paid-in capital |
|
|
157,115 |
|
|
157,073 |
|
|
Accumulated deficit |
|
|
(140,129) |
|
|
(137,619) |
|
|
Accumulated other comprehensive loss, net |
|
|
(2,107) |
|
|
(2,483) |
|
|
Total stockholders' equity |
|
|
15,189 |
|
|
17,281 |
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and stockholders' equity |
|
$ |
40,575 |
|
$ |
30,870 |
|
|
Reconciliation of EBITDA to Net Income (Loss) (amounts in thousands) |
|||||||||||||||||
|
|
|||||||||||||||||
|
|
Three Months Ended |
||||||||||||||||
|
|
2025 US |
|
2025 CA |
|
2025 Consol. |
|
2024 US |
|
2024 CA |
|
2024 Consol. |
||||||
|
Net income (loss) |
$ |
60 |
|
$ |
(1,213) |
|
$ |
(1,153) |
|
$ |
(4,423) |
|
$ |
(1,194) |
|
$ |
(5,617) |
|
Depreciation and amortization |
|
1,160 |
|
|
189 |
|
|
1,349 |
|
|
1,144 |
|
|
244 |
|
|
1,388 |
|
Interest expense (income), net |
|
11 |
|
|
1 |
|
|
12 |
|
|
(34) |
|
|
(3) |
|
|
(37) |
|
Income tax expense (benefit) |
|
10 |
|
|
— |
|
|
10 |
|
|
(35) |
|
|
— |
|
|
(35) |
|
EBITDA |
$ |
1,241 |
|
$ |
(1,023) |
|
$ |
218 |
|
$ |
(3,348) |
|
$ |
(953) |
|
$ |
(4,301) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended |
||||||||||||||||
|
|
2025 US |
|
2025 CA |
|
2025 Consol. |
|
2024 US |
|
2024 CA |
|
2024 Consol. |
||||||
|
Net (loss) income |
$ |
(5,783) |
|
$ |
3,273 |
|
$ |
(2,510) |
|
$ |
(4,552) |
|
$ |
1,235 |
|
$ |
(3,317) |
|
Depreciation and amortization |
|
3,218 |
|
|
576 |
|
|
3,794 |
|
|
3,611 |
|
|
772 |
|
|
4,383 |
|
Interest expense (income), net |
|
94 |
|
|
13 |
|
|
107 |
|
|
(157) |
|
|
(13) |
|
|
(170) |
|
Income tax expense |
|
6 |
|
|
— |
|
|
6 |
|
|
36 |
|
|
— |
|
|
36 |
|
EBITDA |
$ |
(2,465) |
|
$ |
3,862 |
|
$ |
1,397 |
|
$ |
(1,062) |
|
$ |
1,994 |
|
$ |
932 |
|
Reconciliation of EBITDA to (amounts in thousands) |
|||||||||||||||||
|
|
|||||||||||||||||
|
|
Three Months Ended |
||||||||||||||||
|
|
2025 US |
|
2025 CA |
|
2025 Consol. |
|
2024 US |
|
2024 CA |
|
2024 Consol. |
||||||
|
Net cash used in operating activities |
$ |
(4,042) |
|
$ |
(694) |
|
$ |
(4,736) |
|
$ |
(3,331) |
|
$ |
(900) |
|
$ |
(4,231) |
|
Changes in working capital and other items |
|
5,459 |
|
|
(271) |
|
|
5,188 |
|
|
252 |
|
|
(2) |
|
|
250 |
|
Non-cash adjustments to net income (loss) |
|
(176) |
|
|
(58) |
|
|
(234) |
|
|
(269) |
|
|
(51) |
|
|
(320) |
|
EBITDA |
$ |
1,241 |
|
$ |
(1,023) |
|
$ |
218 |
|
$ |
(3,348) |
|
$ |
(953) |
|
$ |
(4,301) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended |
||||||||||||||||
|
|
2025 US |
|
2025 CA |
|
2025 Consol. |
|
2024 US |
|
2024 CA |
|
2024 Consol. |
||||||
|
Net cash provided by (used in) operating activities |
$ |
4,244 |
|
$ |
7,647 |
|
$ |
11,891 |
|
$ |
(33) |
|
$ |
3,592 |
|
$ |
3,559 |
|
Changes in working capital and other items |
|
(5,877) |
|
|
(3,615) |
|
|
(9,492) |
|
|
(26) |
|
|
(1,446) |
|
|
(1,472) |
|
Non-cash adjustments to net (loss) income |
|
(832) |
|
|
(170) |
|
|
(1,002) |
|
|
(1,003) |
|
|
(152) |
|
|
(1,155) |
|
EBITDA |
$ |
(2,465) |
|
$ |
3,862 |
|
$ |
1,397 |
|
$ |
(1,062) |
|
$ |
1,994 |
|
$ |
932 |
|
Statements of Operations by operating segment for the three and nine months ended |
|||||||||||||||||
|
|
|||||||||||||||||
|
|
Three Months Ended |
|
Nine Months Ended |
||||||||||||||
|
|
|
|
Canada Operations |
|
Consolidated |
|
|
|
Canada Operations |
|
Consolidated |
||||||
|
Operating revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fee revenue |
$ |
14,776 |
|
$ |
166 |
|
$ |
14,942 |
|
$ |
25,906 |
|
$ |
13,030 |
|
$ |
38,936 |
|
Reimbursable revenue |
|
7,803 |
|
|
1 |
|
|
7,804 |
|
|
9,489 |
|
|
250 |
|
|
9,739 |
|
|
|
22,579 |
|
|
167 |
|
|
22,746 |
|
|
35,395 |
|
|
13,280 |
|
|
48,675 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating costs: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fee operating expenses |
|
11,729 |
|
|
926 |
|
|
12,655 |
|
|
23,086 |
|
|
8,130 |
|
|
31,216 |
|
Reimbursable operating expenses |
|
7,803 |
|
|
1 |
|
|
7,804 |
|
|
9,489 |
|
|
250 |
|
|
9,739 |
|
Operating expenses |
|
19,532 |
|
|
927 |
|
|
20,459 |
|
|
32,575 |
|
|
8,380 |
|
|
40,955 |
|
General and administrative |
|
1,839 |
|
|
271 |
|
|
2,110 |
|
|
5,392 |
|
|
1,043 |
|
|
6,435 |
|
Depreciation and amortization |
|
1,160 |
|
|
189 |
|
|
1,349 |
|
|
3,218 |
|
|
576 |
|
|
3,794 |
|
|
|
22,531 |
|
|
1,387 |
|
|
23,918 |
|
|
41,185 |
|
|
9,999 |
|
|
51,184 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from operations |
|
48 |
|
|
(1,220) |
|
|
(1,172) |
|
|
(5,790) |
|
|
3,281 |
|
|
(2,509) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
49 |
|
|
10 |
|
|
59 |
|
|
75 |
|
|
23 |
|
|
98 |
|
Interest expense |
|
(60) |
|
|
(11) |
|
|
(71) |
|
|
(169) |
|
|
(36) |
|
|
(205) |
|
Other income (expense), net |
|
33 |
|
|
8 |
|
|
41 |
|
|
107 |
|
|
5 |
|
|
112 |
|
Income (loss) before income tax |
|
70 |
|
|
(1,213) |
|
|
(1,143) |
|
|
(5,777) |
|
|
3,273 |
|
|
(2,504) |
|
Income tax expense |
|
(10) |
|
|
— |
|
|
(10) |
|
|
(6) |
|
|
— |
|
|
(6) |
|
Net income (loss) |
$ |
60 |
|
$ |
(1,213) |
|
$ |
(1,153) |
|
$ |
(5,783) |
|
$ |
3,273 |
|
$ |
(2,510) |
|
Other Comprehensive income (loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net unrealized (loss) income on foreign |
|
- |
|
|
(71) |
|
|
(71) |
|
|
- |
|
|
376 |
|
|
376 |
|
Comprehensive income (loss) |
$ |
60 |
|
$ |
(1,284) |
|
$ |
(1,224) |
|
$ |
(5,783) |
|
$ |
3,649 |
|
$ |
(2,134) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA |
$ |
1,241 |
|
$ |
(1,023) |
|
$ |
218 |
|
$ |
(2,465) |
|
$ |
3,862 |
|
$ |
1,397 |
|
Statements of Operations by operating segment for the three and nine months ended |
|||||||||||||||||
|
|
|||||||||||||||||
|
|
Three Months Ended |
|
Nine Months Ended |
||||||||||||||
|
|
|
|
Canada Operations |
|
Consolidated |
|
|
|
Canada Operations |
|
Consolidated |
||||||
|
Operating revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fee revenue |
$ |
4,652 |
|
$ |
11 |
|
$ |
4,663 |
|
$ |
31,260 |
|
$ |
8,467 |
|
$ |
39,727 |
|
Reimbursable revenue |
|
9,758 |
|
|
— |
|
|
9,758 |
|
|
18,753 |
|
|
37 |
|
|
18,790 |
|
|
|
14,410 |
|
|
11 |
|
|
14,421 |
|
|
50,013 |
|
|
8,504 |
|
|
58,517 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating costs: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fee operating expenses |
|
5,652 |
|
|
741 |
|
|
6,393 |
|
|
26,193 |
|
|
5,519 |
|
|
31,712 |
|
Reimbursable operating expenses |
|
9,758 |
|
|
— |
|
|
9,758 |
|
|
18,753 |
|
|
37 |
|
|
18,790 |
|
Operating expenses |
|
15,410 |
|
|
741 |
|
|
16,151 |
|
|
44,946 |
|
|
5,556 |
|
|
50,502 |
|
General and administrative |
|
2,405 |
|
|
225 |
|
|
2,630 |
|
|
6,416 |
|
|
931 |
|
|
7,347 |
|
Depreciation and amortization |
|
1,144 |
|
|
244 |
|
|
1,388 |
|
|
3,611 |
|
|
772 |
|
|
4,383 |
|
|
|
18,959 |
|
|
1,210 |
|
|
20,169 |
|
|
54,973 |
|
|
7,259 |
|
|
62,232 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss) income from operations |
|
(4,549) |
|
|
(1,199) |
|
|
(5,748) |
|
|
(4,960) |
|
|
1,245 |
|
|
(3,715) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
58 |
|
|
14 |
|
|
72 |
|
|
246 |
|
|
44 |
|
|
290 |
|
Interest expense |
|
(24) |
|
|
(11) |
|
|
(35) |
|
|
(89) |
|
|
(31) |
|
|
(120) |
|
Other income (expense), net |
|
57 |
|
|
2 |
|
|
59 |
|
|
287 |
|
|
(23) |
|
|
264 |
|
(Loss) income before income tax |
|
(4,458) |
|
|
(1,194) |
|
|
(5,652) |
|
|
(4,516) |
|
|
1,235 |
|
|
(3,281) |
|
Income tax benefit (expense) |
|
35 |
|
|
— |
|
|
35 |
|
|
(36) |
|
|
— |
|
|
(36) |
|
Net (loss) income |
$ |
(4,423) |
|
$ |
(1,194) |
|
$ |
(5,617) |
|
$ |
(4,552) |
|
$ |
1,235 |
|
$ |
(3,317) |
|
Other Comprehensive income (loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net unrealized income (loss) on foreign |
|
— |
|
|
29 |
|
|
29 |
|
|
— |
|
|
(241) |
|
|
(241) |
|
Comprehensive (loss) income |
$ |
(4,423) |
|
$ |
(1,165) |
|
$ |
(5,588) |
|
$ |
(4,552) |
|
$ |
994 |
|
$ |
(3,558) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA |
$ |
(3,348) |
|
$ |
(953) |
|
$ |
(4,301) |
|
$ |
(1,062) |
|
$ |
1,994 |
|
$ |
932 |
View original content:https://www.prnewswire.com/news-releases/dawson-geophysical-reports-third-quarter-2025-results-302613559.html
SOURCE Dawson Geophysical Company
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