Superior Drilling Q1 revenue $4.95M down 21% YoY; net loss $1.82M

Superior Drilling Products, Inc.

2024-Q1 EPS reported -$0.06 revenue$4,946,216

Revenue $4.95M, down 21% YoY; North America revenue $4.25M (-22%), International $0.70M (-13%).
Net loss $1.82M ($0.06 diluted loss) vs net income $1.51M ($0.05 EPS) a year ago; includes $1.7M acquisition-related costs.
Adjusted EBITDA $0.84M vs $2.02M prior year; operating income $0.16M vs $1.38M.
Cash $2.1M, total debt $2.1M at quarter end; capital expenditures $0.12M.
Acquisition by Drilling Tools International for ~$32.2M remains on track to close Q3 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Superior Drilling Products, Inc. reported the first quarter ended March 31, 2024 results: revenue $ 4,946, net income $ (1,822), EPS $ (0.06).

Period: the first quarter ended March 31, 2024
Revenue: $ 4,946
Net income: $ (1,822)
EPS: $ (0.06)
Result: reported results

Exact text from the filing

31, 2023 March 31, 2023 Change Sequential Change Year/Year North America $ 4,249 $ 3,639 $ 5,475 16.8 % (22.4 )% International 697 633 806 10.1 % (13.5 )% Total Revenue $ 4,946 $ 4,273 $ 6,281 15.8 % (21.3 )% Tool (DNR) Revenue $ 2,981 $ 2,512 $ 4,254 18.7 % (29.9 )% Contract Services 1,965 1,761 2,027 11.6 % (3.1 )% Total Revenue $ 4,946 $ 4,273 $ 6,281

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Source: SEC EDGAR

accession 0001493152-24-019101

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