Filing Analysis
Dawson Geophysical Company issued an 8-K to announce the release of its preliminary and unaudited financial results for the second quarter ended June 30, 2026.
📋 Key Facts
- Reporting period: Second Quarter ended June 30, 2026.
- Report date: August 13, 2026.
- The filing includes preliminary and unaudited financial results via a press release (Exhibit 99.1).
Dawson Geophysical Company announced its preliminary and unaudited financial results for the first quarter ended March 31, 2026. The results were disclosed via a press release furnished as an exhibit to the filing.
📋 Key Facts
- The filing reports preliminary and unaudited financial results for the quarter ended March 31, 2026.
- The report was filed under Item 2.02 (Results of Operations and Financial Condition).
- The information in the filing is furnished and not deemed 'filed' for purposes of Section 18 of the Exchange Act.
- The report was signed by CFO Ian Shaw on May 14, 2026.
Dawson Geophysical Company announced its preliminary and unaudited financial results for the fourth quarter and full year ended December 31, 2025, via a press release on March 30, 2026.
📋 Key Facts
- The filing reports results for the fiscal year and quarter ended December 31, 2025.
- Results are characterized as preliminary and unaudited.
- The information was furnished under Item 2.02 (Results of Operations and Financial Condition).
- The report was signed by Chief Financial Officer Ian Shaw on March 30, 2026.
Dawson Geophysical Company issued a press release reporting its preliminary and unaudited financial results for the third quarter ended September 30, 2025.
📋 Key Facts
- Reporting period: Third Quarter ended September 30, 2025
- Report date: November 12, 2025
- Nature of results: Preliminary and unaudited financial results
Dawson Geophysical Company entered into a $5.035 million revolving credit note with Equify Financial, a lender controlled by the company's controlling shareholders (Dan and Farris Wilks). The debt is secured by the company's vibrator energy source vehicles.
🚩 Red Flags
- Related-party transaction: The lender is controlled by the company's majority shareholders.
- High interest rate: 13% per annum indicates significant cost of capital or perceived risk.
- Asset encumbrance: Company's core operational assets (vibrator energy source vehicles) are pledged as collateral.
📋 Key Facts
- Entered into a Revolving Credit Note on October 31, 2025.
- Aggregate principal amount: up to $5,035,032.
- Interest rate: 13% per annum.
- Maturity date: November 20, 2028.
- Repayment structure: 36 monthly installments of $139,862 starting December 20, 2025.
- Collateral: Lien on the Company's vibrator energy source vehicles.
- Lender (Equify Financial) is controlled by Dan Wilks and Farris Wilks, who also hold a controlling interest in Dawson Geophysical.
Dawson Geophysical Company issued an 8-K to announce the release of its preliminary and unaudited financial results for the second quarter ended June 30, 2025.
📋 Key Facts
- Reporting period: Second Quarter ended June 30, 2025.
- Results are preliminary and unaudited.
- The announcement was made via a press release dated August 12, 2025.
Dawson Geophysical Company entered into a $24.2 million agreement to acquire Pioneer™ single point node channels from GTC, Inc. (a Geospace Technologies subsidiary). The transaction involves significant debt financing secured by company real estate and equipment.
🚩 Red Flags
- Significant debt increase ($18.2M) for a micro-cap company.
- Asset encumbrance: The notes are secured by liens on the company's real properties and land in Midland, TX.
- Joint and several liability between the subsidiary (Dawson Operating LLC) and the parent (Dawson Geophysical Company).
📋 Key Facts
- Total purchase price: approximately $24.2 million.
- Down payment: ~$4.8 million paid in cash on August 8, 2025.
- Financing structure: Three separate promissory notes totaling $18.2 million.
- Note terms: 36-month term at a fixed annual interest rate of 8.75%.
- Delivery schedule: Three shipments starting August 2025, ending by early January 2026.
- Collateral: Liens on the purchased equipment and liens on Company real properties/land in Midland, Texas.
Dawson Geophysical Company held its Annual Meeting of Stockholders on June 17, 2025. The filing reports the election of five directors and the ratification of RSM US LLP as the independent auditor.
📋 Key Facts
- Annual Meeting held on June 17, 2025, with a quorum representing ~89% of shares outstanding (27,698,961 shares).
- All five director nominees (Matthew Wilks, Bruce Bradley, Albert Conly, Jose Carlos Fernandes, and Sergei Krylov) were elected to one-year terms.
- Stockholders ratified the appointment of RSM US LLP as independent registered public accounting firm for FY2025.
- Non-binding advisory vote on 2024 executive compensation was approved by stockholders.
Dawson Geophysical Company issued a press release reporting preliminary and unaudited financial results for the first quarter ended March 31, 2025.
📋 Key Facts
- Reporting period: First Quarter ended March 31, 2025
- Report date: May 13, 2025
- Nature of results: Preliminary and unaudited financial results
- Filing type: Item 2.02 (Results of Operations and Financial Condition)
Dawson Geophysical Company issued a press release reporting preliminary and unaudited financial results for the fourth quarter and full fiscal year ended December 31, 2024.
📋 Key Facts
- Reporting period: Q4 and Full Year ended December 31, 2024.
- Results are preliminary and unaudited.
- Filing date: March 28, 2025.
Dawson Geophysical Company issued an 8-K to announce the release of its preliminary and unaudited financial results for the third quarter ended September 30, 2024.
📋 Key Facts
- Reporting period: Third Quarter ended September 30, 2024.
- Results are preliminary and unaudited.
- Filing date: November 12, 2024.
Dawson Geophysical Company issued an 8-K to announce the release of its preliminary and unaudited financial results for the second quarter ended June 30, 2024.
📋 Key Facts
- Reporting period: Second Quarter ended June 30, 2024.
- Results are preliminary and unaudited.
- Filing date: August 12, 2024.
Dawson Geophysical Company held its Annual Meeting of Stockholders on June 18, 2024. The meeting resulted in the election of five directors and the ratification of RSM US LLP as the independent auditor for fiscal year 2024.
📋 Key Facts
- Annual Meeting held on June 18, 2024.
- Quorum reached with 27,411,727 shares (approx. 89% of outstanding/eligible shares) represented.
- All five director nominees (Matthew Wilks, Bruce Bradley, Albert Conly, Jose Carlos Fernandes, and Sergei Krylov) were elected to one-year terms.
- RSM US LLP was ratified as the independent registered public accounting firm for fiscal year ending Dec 31, 2024.
- Say-on-pay (advisory vote on executive compensation for 2023) was approved.
Dawson Geophysical Company issued an 8-K to announce the release of its preliminary and unaudited financial results for the first quarter ended March 31, 2024.
📋 Key Facts
- Reporting period: First Quarter ended March 31, 2024
- Results are preliminary and unaudited
- Filing date: May 13, 2024
Dawson Geophysical Company announced preliminary and unaudited financial results for the fourth quarter and full year ended December 31, 2023. Additionally, the Board declared a special cash dividend of $0.32 per share.
📋 Key Facts
- Preliminary and unaudited financial results for Q4 and FY 2023 were released on April 1, 2024.
- The Board declared a special cash dividend of $0.32 per share.
- Dividend record date is April 22, 2024; payment date is May 6, 2024.