Dawson Geophysical Company reported fee revenues of $8.7 million for the second quarter ended June 30, 2025, an increase of 5% compared to $8.3 million in the comparable quarter of 2024. Total revenue for the quarter was $9.9 million, compared to $12.5 million in the prior year period.
The company incurred a net loss of $2.3 million, or $0.08 per common share, for the second quarter, an improvement from a net loss of $3.5 million, or $0.12 per common share, in the second quarter of 2024. Gross margin for the quarter significantly improved to 13%, up from 1% in the comparable quarter of 2024, driven by improved operational efficiencies.
As of June 30, 2025, Dawson Geophysical's cash position increased to $16.2 million, up from $1.4 million at December 31, 2024. The company's positive working capital also improved to $4.9 million. Management believes its cash on hand and operating cash flows are sufficient to fund operating and investing cash flow requirements, including obligations under the recently executed Geospace Notes.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.