Dawson Geophysical warns on Q4 results

Dawson Geophysical (DWSN) warns it has experienced a significant reduction in its data acquisition crew utilization rates during FQ4, which will negatively affect financial results.

DWSN says the lower utilization rates were caused by project readiness issues due to agricultural operations in key regions and effects of the previously disclosed slowdown in requests for proposals during FQ3.

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