DAWSON GEOPHYSICAL CO

For the period ended Nov 12, 2024. Filed Nov 12, 2024.

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Nov 12, 2024 · Filed Nov 12, 2024

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

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

(amounts in thousands, except share data)


· September 30, · · December 31,
· · 2024 · · 2023
Assets
Current assets:
Cash and cash equivalents	$6,980	$10,772
Restricted cash	—	5,000
Short-term investments	—	265
Accounts receivable, net	2,788	12,735
Prepaid expenses and other current assets	3,411	8,654
Total current assets	13,179	37,426

Property and equipment, net	14,284	16,508

Right-of-use assets	2,348	3,208

Intangibles, net	370	377

Total assets	$30,181	$57,519

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$3,424	$3,883
Accrued liabilities:
Payroll costs and other taxes	1,954	3,415
Other	992	709
Deferred revenue	691	11,829
Current maturities of notes payable and finance leases	704	1,380
Current maturities of operating lease liabilities	1,005	1,202
Total current liabilities	8,770	22,418

Long-term liabilities:
Notes payable and finance leases, net of current maturities	1,531	1,289
Operating lease liabilities, net of current maturities	1,621	2,363
Deferred tax liabilities, net	15	15
Total long-term liabilities	3,167	3,667

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,
30,906,777 and 30,812,329 shares issued and outstanding at September 30, 2024
and December 31, 2023, respectively	309	308
Additional paid-in capital	156,905	156,678
Accumulated deficit	(136,817)	(123,640)
Accumulated other comprehensive loss, net	(2,153)	(1,912)
Total stockholders’ equity	18,244	31,434

Total liabilities and stockholders’ equity	$30,181	$57,519

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