{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-019101","form_type":"8-K","ticker":null,"cik":"0001600422","company_name":"Superior Drilling Products, Inc.","filed_at":"2024-05-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.161984+00:00","generated_at":"2026-06-02T00:50:28.710657+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Superior Drilling Q1 revenue $4.95M down 21% YoY; net loss $1.82M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-019101","json":"https://secwatch.observer/filing/0001493152-24-019101.json","markdown":"https://secwatch.observer/filing/0001493152-24-019101.md","text":"https://secwatch.observer/filing/0001493152-24-019101.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1600422/000149315224019101/0001493152-24-019101-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1600422/000149315224019101/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T00:50:28.710657+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c3b748a9b0294a4ce8e50d5edac6fb84daa82b5f","claim":"Superior Drilling Products, Inc. reported the first quarter ended March 31, 2024 results: revenue $ 4,946, net income $ (1,822), EPS $ (0.06).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1600422/000149315224019101/0001493152-24-019101-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$ 4,946"},{"label":"Net income","value":"$ (1,822)"},{"label":"EPS","value":"$ (0.06)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}