Dawson Geophysical | 8-K: FY2025 Q3 Revenue: USD 22.75 M

Revenue: As of FY2025 Q3, the actual value is USD 22.75 M.

EPS: As of FY2025 Q3, the actual value is USD -0.04.

EBIT: As of FY2025 Q3, the actual value is USD -1.16 M.

Segment Revenue

• Fee Revenue: Dawson Geophysical Company reported fee revenues of $14.9 million for the third quarter ended September 30, 2025, marking a significant increase of 220% compared to $4.7 million for the same period in 2024.
• Reimbursable Revenue: The reimbursable revenue was $7.8 million for the quarter ended September 30, 2025, compared to $9.8 million for the same period in 2024.

Operational Metrics

• Net Loss: The company incurred a net loss of $1.2 million or $0.04 per common share for the third quarter of 2025, compared to a net loss of $5.6 million or $0.18 per common share for the same period in 2024.
• Gross Margin: The gross margin for the quarter ended September 30, 2025, was 15%, a significant improvement from negative 37% for the comparable quarter in 2024.
• EBITDA: The company generated EBITDA of $0.2 million in the third quarter of 2025, compared to negative EBITDA of $4.3 million in the third quarter of 2024.

Cash Flow

• Operating Cash Flow: Year-to-date, the company generated $11.9 million in cash flows from operations.
• Cash Balance: The cash balance increased to $5.1 million at September 30, 2025, from $1.4 million at December 31, 2024.

Unique Metrics

• Channel Equipment: The company received new single node channels and deployed them with promising results, expecting to improve top-line results with over 180,000 channels available.

Outlook / Guidance

• The company expects to capitalize on the potential of new equipment with the first large channel crew deployment of the single node channels in the fourth quarter. The Canadian segment is preparing for a robust winter season with positive feedback from customers on the new equipment. Dawson Geophysical believes that its cash on hand, operating cash flows, and revolving credit facility are sufficient to meet its cash flow requirements and debt obligations.