Brief: Dawson Geophysical Q2 loss per share $0.68
03/08/2017 11:00
Aug 3 (Reuters) - Dawson Geophysical Co DWSN.O
* Dawson Geophysical reports second quarter 2017 results
* Q2 loss per share $0.68
* Q2 revenue $30.47 million versus $28.09 million
* Dawson Geophysical -"while crew utilization is improving
and bid activity is strengthening, we continue to operate in a
difficult market environment"
* Dawson Geophysical - given market uncertainty, strategy
remains to reduce costs, right size co, retain necessary staff
to respond to any uptick in demand
* Dawson Geophysical says primary near term objective is to
reduce and eliminate cash burn from balance sheet
* Dawson Geophysical says anticipate a continued reduced
capital spending budget in 2018
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