Brief: Dawson Geophysical Q4 Loss Per Share $0.51

Dawson Geophysical

28/02/2019 11:42

Dawson Geophysical Co  DWSN.O :
    * DAWSON GEOPHYSICAL REPORTS FOURTH QUARTER AND FULL YEAR
2018
RESULTS
    * Q4 LOSS PER SHARE $0.51
    * Q4 REVENUE FELL 26 PERCENT TO $27.67 MILLION
    * ANTICIPATES OPERATING UP TO A PEAK OF FIVE CREWS IN U.S.
AND UP
TO A PEAK OF FOUR CREWS IN CANADA IN Q1 OF 2019
    * ANTICIPATES THAT IT WILL CONDUCT ONE MICROSEISMIC PROJECT
IN
U.S. DURING Q1 OF 2019
    * ANTICIPATES OPERATING UP TO A PEAK OF FOUR CREWS IN U.S.
WITH
VARYING UTILIZATION DURING Q2 OF 2019
    * INCREASE IN DEMAND WE ANTICIPATED FOR SECOND HALF OF 2018
DID
NOT MATERIALIZE AS OIL PRICES SOFTENED
    * BOARD OF DIRECTORS HAS APPROVED AN INITIAL CAPITAL BUDGET
OF $10
MILLION FOR 2019

Source text for Eikon:  ID:nPn2gQBnma 
Further company coverage:  DWSN.O