Q3 2019 Earnings Call

Statements made by management during this call with respect to forecasts estimates or other expectations regarding future events or which provide any information other than historical facts may constitute forward looking statements within the meaning of the private Securities Litigation Reform Act of 1995. These forward looking statements are based on management's current xsixty expectations and include.

Known and unknown risks uncertainties and other factors many of which the company is unable to predict or control that may cause the company's actual future results or performance material differ from any future results of performance expressed or implied by those statements. These risks and uncertainties include the risk factors disclosed by the company from time to time and its filings with the S E.

Including the company's annual report on Form 10-K filed with the FCC on March six 2019. Furthermore, as we start this call. Please also refer to the statement regarding forward looking statements incorporated in the company's press release issued this morning and please note that the contents of the company's conference call. This morning is covered by those statements during.

This conference call management will make references to EBITDA, which is a non-GAAP financial measure a reconciliation of the non-GAAP measure to the applicable GAAP measure can be found in the Companys current earnings release, a copy of which is located on the company's website Www Dot Dawson three D dotcom the call scheduled for.

30 minutes and the company will not provide any guidance.

I'd now like turn the call over to Mr., Stephen jumper, CER, Chairman, President and CEO of Dawson Geophysical Company. Please go ahead Sir.

Well, thank you there and good morning, and welcome to.

Dawson Geophysical company's third quarter, 2019 earnings and operations Conference call.

Said my name is they jump or chairman President and CEO . The company joining me on the call as Jim Brown Executive Vice President Chief Financial Officer.

Just a few things recover if you'd like to listen to a replay of todays call. It will be available via webcast going into Investor Relations section of the company's website at Www Dot Dawson Brady Dot Com information reported on this call speaks only as of today Thursday October 31st 2000 Tonight.

Okay, and therefore, you're advised that times of information may low may no longer be accurate as of the time of any replay of liquidity.

Turning to our preliminary third quarter nine months ended September 32009, <unk> financial results I'm pleased to report strong third quarter results.

The company for the quarter ended September 32019, the company reported revenues of 37 million.

The increase of approximately 9% compared to 40.

Million for the third quarter of September 32018.

For the third quarter of 2019, the company reported net income.

Some of 2 million or nine cents income per common share compared to a net loss of.

5.2 million or 23 cents loss per common share for the third quarter 2018. The company reported EBITDA of 7.2 million for the quarter ended September 30 of Nike compared to 1.7 million for the quarter ended September 32018.

The nine month period ended September 32000, and I think the company reported revenues of 112.2 million a decrease of approximately.

11% compared to 126.5 million for nine months. It at September 32018 for the first nine months of 2019. The company reported net loss of 9.4 million or 41 cents loss per common share compared to a net loss of 12.6 million or 55.

I've sat loss per common share for the first nine months of 18.

Yeah, we reported EBITDA of 7 million for the nine months ended September 30, compared to 10.2 billion for the nine month, it's timber Thirtyth 18.

During the third quarter of 90 company operated a peak of six crews United States and included.

For shale for large channel account crews compared to a peak five cruise equipped with smaller channel accounts in the U.S. and the Sip.

Second quarter or 19, including my script.

Operations and a single small channel count crew in Canada for short period of time.

Based on currently available information.

We anticipate operating up to five crews in the U.S. third and fourth quarter of 2000, and I'd say that could result in continued high levels of channel CAMAC energy source utilization during the quarter along.