DWSN — Stock Film
STOCK FILMSCENE 1/12DWSN · $3.36
Stock Expert AI presents
DWSN
Dawson Geophysical Company
~5 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
Dawson Geophysical Company. What it actually does.

Acquires 2-D, 3-D, and multi-component seismic data. Processes seismic data for oil and gas exploration. Now — the numbers.

on the stock market since 1994
269 employees
$104.3M market value
WHERE DOES THE MONEY COME FROM?
82%Fee Revenue
Fee RevenueReimbursable Revenue 18%
82% of all revenue comes from a single line: Fee Revenue.

That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.

Revenue last year:
$75.6M
The loss that same year:
$1.9M
Sales don’t cover the costs; the gap drains from the cash pile every year.

The company is still in the product-building phase: its spending runs above its sales. That only changes once the product starts selling at scale.

THE SALES TREND
Sales are growing overall, with a pause along the way.

Average growth of 32% a year over the last 4 years. Red columns mark years that ended in a loss.

$24.7M
2021
2022
2023
2024
$75.6M
2025
In the vault right now:
$5.3M
DEBT: $20.7M
At this pace, that money lasts about 2.7 years.

At this burn rate the cash pile isn’t the pressing question — for now, time is on the company’s side.

THE PRICE TAG
MARKET VALUE / ANNUAL SALES
1.4×

This company is not turning a profit, so the market is pricing its sales instead: 1.4× for every dollar of annual revenue.

Against companies in its own sector, it looks cheaper than 27% of them.

No analyst target is on record for this company.

What executives did with their own stock over the last 12 months:
23 buy1 sell

Executives buying with their own money is usually read as confidence in the company’s future.

THE FIVE-YEAR JOURNEY
Below the peak, but no collapse.

The stock trades 56% below its peak. The market has trimmed its expectations for the company.

1
THE BRIGHT SIDE · 1/3
Sales keep climbing

Over the last 4 years, sales grew about 32% a year on average.

2
THE BRIGHT SIDE · 2/3
The product is selling

Sales run at $75.6M a year. A small number, but proof the product has real buyers.

3
THE BRIGHT SIDE · 3/3
Executives are buying their own stock

Over the last 12 months, company executives reported 23 buys and 1 sell. Management buying with its own money is usually read as a good sign.

1
THE RISKS · 1/3
Small scale, thin loss

A loss of $1.9M against $75.6M in annual sales.

2
THE RISKS · 2/3
The stock has lost its spark

Buyers haven’t stepped back in yet; the price hasn’t found its footing. Report-card grade: 18/100. For a turnaround signal, the stock first needs to close the gap with the market.

3
THE RISKS · 3/3
The price runs ahead of the earnings

Today’s price already includes part of tomorrow’s optimism. Report-card grade: 27/100.

FINALE · THE GRADE
C
43 / 100 · MoonshotScore

On our five-subject report card, DWSN sits behind the class. A low grade doesn’t mean “doomed” — it means “big claim, small proof.”

The takeaway: DWSN is a high-risk stock — not yet profitable, and its future rides on its product catching on.

What would you like to do next?
Open the stock page →
This was a film — not investment advice.
Data: FMP & company filings
Sep 11, 2026 · stockexpertai.com · Stock Film