secwatch.observer — SEC 8-K summary
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Issuer:     Superior Drilling Products, Inc. (—)
CIK:        0001600422
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001493152-24-019101
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1600422/000149315224019101/0001493152-24-019101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1600422/000149315224019101/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-019101

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