---
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"
generated_at: "2026-06-02T00:50:28.710657+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-019101
- form_type: 8-K
- cik: 0001600422
- company_name: Superior Drilling Products, Inc.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-019101
- JSON: https://secwatch.observer/filing/0001493152-24-019101.json
- Plain text: https://secwatch.observer/filing/0001493152-24-019101.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1600422/000149315224019101/0001493152-24-019101-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.