DAWSON GEOPHYSICAL CO

For the period ended Mar 28, 2025. Filed Mar 28, 2025.

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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, 2025 · Filed Mar 28, 2025

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

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Contents

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

(amounts in thousands, except share data)


· December 31, · · December 31,
· · 2024 · · 2023
Assets
Current assets:
Cash and cash equivalents	$1,385	$10,772
Restricted cash	—	5,000
Short-term investments	—	265
Accounts receivable, net of allowance for credit losses of $250
at December 31, 2024 and 2023	9,970	12,735
Prepaid expenses and other current assets	3,186	8,654
Total current assets	14,541	37,426

Property and equipment	238,064	241,955
Less accumulated depreciation	(225,085)	(225,447)
Property and equipment, net	12,979	16,508

Operating lease right-of-use assets	3,002	3,208

Intangibles, net	348	377

Total assets	$30,870	$57,519

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$3,381	$3,883
Accrued liabilities:
Payroll costs and other taxes	2,014	3,415
Other	830	709
Deferred revenue	1,570	11,829
Current maturities of notes payable and finance leases	1,010	1,380
Current maturities of operating lease liabilities	1,125	1,202
Total current liabilities	9,930	22,418

Long-term liabilities:
Notes payable and finance leases, net of current maturities	1,512	1,289
Operating lease liabilities, net of current maturities	2,131	2,363
Deferred tax liabilities, net	16	15
Total long-term liabilities	3,659	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,
30,983,437 and 30,812,329 shares issued and outstanding at December 31, 2024
and 2023, respectively	310	308
Additional paid-in capital	157,073	156,678
Accumulated deficit	(137,619)	(123,640)
Accumulated other comprehensive loss, net	(2,483)	(1,912)
Total stockholders’ equity	17,281	31,434

Total liabilities and stockholders’ equity	$30,870	$57,519

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.