secwatch.observer — SEC 8-K summary
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Issuer:     Drilling Tools International Corp (DTI)
CIK:        0001884516
Form:       8-K
Filed at:   2025-05-13T23:59:59+00:00
Accession:  0000950170-25-070414
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DTI reports Q1 revenue $42.9M, net loss $1.7M; guides FY25 rev $145-165M, announces $10M buyback
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- Q1 revenue $42.9M (+7.6% seq, +16% YoY); tool rental $34.5M, product sales $8.3M.
- Q1 net loss $1.7M vs adj net income $0.7M; diluted EPS loss $0.05, adj diluted EPS $0.02.
- FY25 guidance: revenue $145-165M, adj EBITDA $32-42M (22-25% margin), adj FCF $14-19M.
- Board authorized $10M share repurchase program.
- Cost-cutting program to reduce expenses by ~$6M annually; contingency plans if needed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1884516/000095017025070414/0000950170-25-070414-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1884516/000095017025070414/dti-20250513.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-070414

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer