Dawson Geophysical (DWSN) Reports Q3 Loss of $0.33, Revenues Miss

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Go back to Dawson Geophysical (DWSN) Reports Q3 Loss of $0.33, Revenues Miss

Dawson Geophysical Reports Third Quarter 2020 Results

October 29, 2020 6:00 AM EDT

MIDLAND, Texas, Oct. 29, 2020 /PRNewswire/ -- Dawson Geophysical Company (NASDAQ: DWSN) (the "Company") today reported unaudited financial results for its third quarter ended September 30, 2020.

For the quarter ended September 30, 2020, the Company reported revenues of $8,738,000, a decrease of approximately 76 percent compared to $36,976,000 for the quarter ended September 30, 2019. For the third quarter of 2020, the Company reported a net loss of $7,840,000 or $0.33 loss per common share compared to net income of $1,998,000 or $0.09 income per common share for the third quarter of 2019. The Company reported negative EBITDA of $3,796,000 for the quarter ended September 30, 2020 compared to... More