Dawson Geophysical ( (DWSN) ) has released its Q3 earnings. Here is a breakdown of the information Dawson Geophysical presented to its investors.
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Dawson Geophysical Company is a prominent provider of onshore seismic data acquisition services across North America, catering primarily to the oil and gas industry with a focus on seismic monitoring for carbon capture utilization and storage. In its third-quarter earnings report for 2025, Dawson Geophysical highlighted a significant increase in fee revenues, reaching $14.9 million, a 220% rise from the previous year, attributed to the deployment of new single node channels. The company reported a net loss of $1.2 million, a notable improvement from the $5.6 million loss in the same quarter of 2024, alongside a positive EBITDA of $0.2 million. Key financial metrics revealed an improved gross margin of 15%, up from a negative 37% the previous year, driven by enhanced operational efficiencies and increased demand for their new equipment. The company also saw a year-to-date net loss reduction to $2.5 million from $3.3 million in 2024, with EBITDA rising to $1.4 million. Looking ahead, Dawson Geophysical remains optimistic about leveraging its new equipment to enhance competitive positioning and financial performance, with expectations of continued revenue growth as they expand operations in the U.S. and Canada.