secwatch.observer — SEC 8-K summary
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Issuer:     Drilling Tools International Corp (DTI)
CIK:        0001884516
Form:       8-K/A
Filed at:   2025-05-15T23:59:59+00:00
Accession:  0000950170-25-072653
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DTI reports Q1 2025 revenue $42.9M, net loss $1.7M; board authorizes $10M buyback; adjusts FY2025 guidance
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- Total revenue $42.9M (Q1 2025): Tool Rental $34.5M, Product Sales $8.3M; operating income $3.3M.
- Net loss $1.7M; adjusted net income $0.7M; diluted EPS loss $0.05; adjusted diluted EPS $0.02.
- Adjusted EBITDA $10.8M; adjusted free cash flow $5.7M; net debt $52.1M; cash $2.8M.
- Board authorized $10M share repurchase program; cost reduction plan targeting ~$6M in annual savings.
- FY2025 guidance: revenue $145M-$165M, Adjusted EBITDA $32M-$42M, Adjusted FCF $14M-$19M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1884516/000095017025072653/0000950170-25-072653-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1884516/000095017025072653/dti-20250513.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-072653

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