Dawson Geophysical Co. (NASDAQ:DWSN) shares jumped 16.58% to $4.50 in after-hours trading Thursday after the Texas-based seismic data firm reported first-quarter results where revenue rose 128% from a year ago.
Revenue Surge
For the quarter ended Mar. 31, Dawson’s total revenue rose to $36.7 million, compared with $16.1 million a year earlier. The company posted earnings per share of $0.25, a sharp turnaround from $0.02 in the prior quarter, when revenue came in at $26.95 million.
Adjusted EBITDA, a non-GAAP measure, surged 364% to $10.9 million from $2.3 million a year ago.
CEO Tony Clark credited the final delivery of single-node channels in early 2026 as the key catalyst. “Our financial …