DAWSON GEOPHYSICAL CO

For the period ended Dec 31, 2024. Filed Apr 2, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Apr 2, 2025

DWSN$1.66+3.7%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations and Comprehensive Loss

(amounts in thousands, except share and per share data)


· · Year Ended December 31, ·
· 2024 · 2023

Operating revenues:
Fee Revenue	$53,479	$61,447
Reimbursable Revenue	20,675	35,399
	74,154	96,846
Operating costs:
Operating expenses
Fee operating expenses	42,346	51,508
Reimbursable operating expenses	20,675	35,149
Total operating expenses	63,021	86,657
General and administrative	9,460	12,559
Severance expense	486	2,208
Depreciation and amortization	5,736	8,492
	78,703	109,916

Loss from operations	(4,549)	(13,070)

Other income (expense):
Interest income	308	576
Interest expense	(159)	(103)
Other income, net	288	354

Loss before income tax	(4,112)	(12,243)

Current	(6)	(25)
Deferred	(1)	121
Income tax (expenses) benefit	(7)	96

Net loss	(4,119)	(12,147)

Other comprehensive (loss) income:
Net unrealized (loss) income on foreign exchange rate translation	(571)	161

Comprehensive loss	$(4,690)	$(11,986)

Basic loss per share of common stock	$(0.13)	$(0.45)

Diluted loss per share of common stock	$(0.13)	$(0.45)

Weighted average equivalent common shares outstanding	30,879,855	26,752,055

Weighted average equivalent common shares outstanding - assuming dilution	30,879,855	26,752,055

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.