Dawson Geophysical Company announced its unaudited financial results for the second quarter ended June 30, 2025. The company reported fee revenues of $8.7 million, marking a 5% increase from $8.3 million in the same quarter of the previous year. Total revenue for the quarter included reimbursable revenue of $1.1 million, compared to $4.2 million in the second quarter of 2024. The gross margin improved significantly to 13% from 1% in the prior year, attributed to enhanced operational efficiencies. The company incurred a net loss of $2.3 million, or $0.08 per common share, compared to a net loss of $3.5 million, or $0.12 per common share, in the same quarter of the previous year. Negative EBITDA for the quarter was reported at $1.2 million, an improvement from negative EBITDA of $2.3 million in the second quarter of 2024. For the year-to-date period ending June 30, 2025, Dawson Geophysical recorded a net loss of $1.4 million, compared to a net income of $2.3 million in the same period of 2024. EBITDA for the year-to-date period was $1.2 million, down from $5.2 million in the previous year. The company highlighted an over 200% increase in its U.S. revenues quarter over quarter, driven by improved crew utilization. Dawson Geophysical expects continued revenue growth in the third quarter, supported by a strong backlog. The company also announced the deployment of a large channel crew in April, expected to maintain high utilization throughout the remainder of the year, alongside multiple small channel crew jobs contracted for the third quarter. In terms of capital investment, Dawson Operating LLC, a wholly-owned subsidiary of the company, entered into an Equipment Purchase Agreement with GTC, Inc. to acquire single point node channels. The equipment is scheduled for delivery in three shipments starting in August 2025, with the final delivery by early January 2026.