DAWSON GEOPHYSICAL REPORTS THIRD QUARTER 2025 RESULTS
Financial Performance: Dawson Geophysical Company reported a significant increase in fee revenues for Q3 2025, reaching $14.9 million, a 220% rise from $4.7 million in Q3 2024, while also reducing its net loss to $1.2 million from $5.6 million year-over-year.
Equipment Deployment: The company successfully deployed new single node channels, receiving positive customer feedback and planning to increase their usage in upcoming projects, which is expected to enhance their competitive position in the market.
Operational Updates: Dawson's operations in the U.S. and Canada are ramping up, with plans for multiple small channel crew jobs in Q4 2025, and the company anticipates continued revenue growth as they utilize both legacy and new equipment.
Liquidity and Capital Management: The company has improved its cash position, generating $11.9 million in cash flows year-to-date and securing a $5 million revolving credit facility to support its operational and debt obligations.
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DAWSON GEOPHYSICAL REPORTS THIRD QUARTER 2025 RESULTS
Financial Performance: Dawson Geophysical Company reported a significant increase in fee revenues for Q3 2025, reaching $14.9 million, a 220% rise from $4.7 million in Q3 2024, while also reducing its net loss to $1.2 million from $5.6 million year-over-year.
Equipment Deployment: The company successfully deployed new single node channels, receiving positive customer feedback and planning to increase their usage in upcoming projects, which is expected to enhance their competitive position in the market.
Operational Updates: Dawson's operations in the U.S. and Canada are ramping up, with plans for multiple small channel crew jobs in Q4 2025, and the company anticipates continued revenue growth as they utilize both legacy and new equipment.
Liquidity and Capital Management: The company has improved its cash position, generating $11.9 million in cash flows year-to-date and securing a $5 million revolving credit facility to support its operational and debt obligations.
DAWSON GEOPHYSICAL REPORTS SECOND QUARTER 2025 RESULTS
Financial Performance: Dawson Geophysical Company reported a 5% increase in fee revenues for Q2 2025, totaling $8.7 million, while also improving its gross margin to 13%. Despite this, the company incurred a net loss of $2.3 million, an improvement from the previous year's loss of $3.5 million.
Capital Investment and Operations Update: The company announced a significant capital investment of approximately $24.2 million to purchase new seismic data acquisition equipment, which is expected to enhance operational efficiency and competitiveness in acquiring high-resolution surveys across North America.