Dawson Geophysical (DWSN) Misses Q4 EPS by 31c, Revenues Miss

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Dawson Geophysical Reports Fourth Quarter And Full Year 2018 Results

February 28, 2019 6:01 AM EST

MIDLAND, Texas, Feb. 28, 2019 /PRNewswire/ -- Dawson Geophysical Company (NASDAQ: DWSN) (the "Company") today reported unaudited financial results for its fourth quarter and full year ended December 31, 2018.

For the fourth quarter ended December 31, 2018, the Company reported revenues of $27,670,000, a decrease of approximately 26% compared to $37,418,000 for the quarter ended December 31, 2017. For the fourth quarter of 2018, the Company reported a net loss of $11,816,000 or $0.51 loss per common share compared to a net loss of $4,788,000 or $0.21 loss per common share for the quarter ended December 31, 2017. The Company reported negative EBITDA of $5,442,000 for the quarter ended... More