DAWSON GEOPHYSICAL CO

For the period ended Mar 28, 2024. Filed Apr 1, 2024.

About this filing

A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.

Mar 28, 2024 · Filed Apr 1, 2024

Use the contents to explore the available documents and sections.

DWSN$1.64+3.8%Stored close · as of Nov 6, 2026

See the whole filing, with its images and exhibits

Contents

EX-99.1 · (amounts in thousands, except share data)

(amounts in thousands, except share data)


	December 31,
· 2023 · · 2022
Assets · · ·
Current assets:
Cash and cash equivalents		$10,772	$18,603
Restricted cash		5,000	5,000
Short-term investments		265	265
Accounts receivable, net of allowance for doubtful accounts of $250
at December 31, 2023 and 2022		12,735	7,972
Employee retention credit receivable		—	3,035
Prepaid expenses and other current assets		8,654	8,951
Total current assets		37,426	43,826

Property and equipment		241,955	254,679
Less accumulated depreciation		(225,447)	(234,211)
Property and equipment, net		16,508	20,468

Right-of-use assets		3,208	4,010

Intangibles, net		377	369

Total assets		$57,519	$68,673

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable		$3,883	$4,140
Accrued liabilities:
Payroll costs and other taxes		3,415	2,001
Other		709	1,280
Deferred revenue		11,829	7,380
Current maturities of notes payable and finance leases		1,380	275
Current maturities of operating lease liabilities		1,202	1,118
Total current liabilities		22,418	16,194

Long-term liabilities:
Notes payable and finance leases, net of current maturities		1,289	207
Operating lease liabilities, net of current maturities		2,363	3,331
Deferred tax liabilities, net		15	137
Other accrued liabilities		—	—
Total long-term liabilities		3,667	3,675

Commitments and contingencies		—	—

Stockholders' equity:
Preferred stock-par value $1.00 per share; 4,000,000 shares authorized, none outstanding		—	—
Common stock-par value $0.01 per share; 35,000,000 shares authorized, 30,812,329 and
23,812,329 shares issued, and 30,812,329 and 23,812,329 shares outstanding at
December 31, 2023 and 2022, respectively		308	238
Additional paid-in capital		156,678	155,413
Accumulated deficit		(123,640)	(112,469)
Equity of Breckenridge prior to acquisition		—	7,695
Accumulated other comprehensive loss, net		(1,912)	(2,073)
Total stockholders' equity		31,434	48,804

Total liabilities and stockholders' equity		$57,519	$68,673

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.