Dawson Geophysical (DWSN) Tops Q3 EPS by 2c, Revenues Beat

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Dawson Geophysical Reports Third Quarter 2018 Results

November 1, 2018 6:01 AM EDT

MIDLAND, Texas, Nov. 1, 2018 /PRNewswire/ -- Dawson Geophysical Company (NASDAQ: DWSN) (the "Company") today reported unaudited financial results for its third quarter ended September 30, 2018.

For the quarter ended September 30, 2018, the Company reported revenues of $40,448,000, a decrease of approximately ten percent compared to $45,108,000 for the quarter ended September 30, 2017. For the third quarter of 2018, the Company reported a net loss of $5,171,000 or $0.23 loss per common share compared to a net loss of $2,922,000 or $0.13 loss per common share for the third quarter of 2017, primarily due to decreased crew utilization. The Company reported EBITDA of $1,651,000 for the... More