Revenue during the quarter dropped 10.90 percent to $41.93 million from $47.06 million in the previous year period. Operating margin for the quarter stood at negative 28.96 percent as compared to a negative 22.59 percent for the previous year period.

Operating loss for the quarter was $12.14 million, compared with an operating loss of $10.63 million in the previous year period.

Stephen C. Jumper, President and Chief Executive Officer, said, “While demand for seismic services in North America remains soft, early signs of strengthening in response to improving oil prices have started to take hold. The recent oil price improvements have led to some increases in drilling and completion activity, primarily in concentrated areas of the Permian and Delaware basins of West Texas. During the second quarter of 2017, we anticipate operating four to six crews in the U.S., including two to four of our crews in the Delaware and Permian basins, with variable utilization of those crews. Visability beyond the second quarter of 2017 remains unclear. While further improvement in oil and gas prices will likely be necessary in order to meaningfully increase crew counts outside of the Permian and Delaware basins, we continue to examine and implement strategies designed to help increase the production economics for our clients. Even in today’s difficult environment, exploration and production operators continue to turn to Dawson Geophysical for high resolution 3D images, which help operators avoid geo-hazards, identify the most productive portions of the reservoir and lower their overall development costs.