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Complete financial analysis of Superior Drilling Products, Inc. (SDPI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Superior Drilling Products, Inc., a leading company in the Oil & Gas Equipment & Services industry within the Energy sector.
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Superior Drilling Products, Inc. (SDPI)
About Superior Drilling Products, Inc.
Superior Drilling Products, Inc., a drilling and completion tool technology company, innovates, designs, engineers, manufactures, sells, rents, and repairs drilling and completion tools in the United States, Canada, the Middle East, and Eastern Europe. Its drilling solutions include Drill-N-Ream, a dual-section wellbore conditioning tool; Strider, a drill string oscillation system technology; and V-Stream, an advanced conditioning system. The company also engages in the manufacture and refurbishment of polycrystalline diamond compact drill bits for an oil field services company. It serves oil and natural gas drilling industry. The company was formerly known as SD Company, Inc. and changed its name to Superior Drilling Products, Inc. in May 2014. Superior Drilling Products, Inc. was founded in 1993 and is headquartered in Vernal, Utah.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 20.97M | 19.10M | 13.34M | 10.47M | 19.00M | 18.25M | 15.60M | 7.15M | 12.71M | 20.04M | 11.92M | 9.96M |
| Cost of Revenue | 9.55M | 9.83M | 7.72M | 7.92M | 11.61M | 10.84M | 9.64M | 8.76M | 11.44M | 10.26M | 6.06M | 4.59M |
| Gross Profit | 11.42M | 9.26M | 5.61M | 2.55M | 7.39M | 7.41M | 5.96M | -1.61M | 1.27M | 9.78M | 5.86M | 5.37M |
| Gross Profit Ratio | 54.45% | 48.50% | 42.09% | 24.34% | 38.88% | 40.60% | 38.21% | -22.53% | 9.99% | 48.81% | 49.15% | 53.89% |
| Research & Development | 765.00K | 436.00K | 672.00K | 790.00K | 1.43M | 1.27M | 746.00K | 1.20M | 1.50M | 600.00K | 100.00K | 68.01K |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7.11M | 5.73M | 5.78M | 7.01M | 8.10M | 2.17M | 1.26M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 8.88M | 7.33M | 6.20M | 6.37M | 8.29M | 7.11M | 5.73M | 5.78M | 7.01M | 8.10M | 2.17M | 1.26M |
| Other Expenses | 350.26K | 1.50M | -707.11K | 0.00 | 678.15K | 377.75K | 43.67K | 237.20K | 240.29K | 334.89K | 816.21K | 365.82K |
| Operating Expenses | 9.29M | 7.33M | 5.49M | 6.37M | 8.29M | 7.11M | 5.73M | 5.78M | 7.01M | 8.10M | 2.17M | 1.26M |
| Cost & Expenses | 18.85M | 17.16M | 13.22M | 14.29M | 19.90M | 17.95M | 15.37M | 14.54M | 18.45M | 18.36M | 8.23M | 5.85M |
| Interest Income | 60.95K | 26.68K | 228.00 | 5.80K | 61.00K | 432.75K | 346.93K | 313.55K | 293.93K | 173.32K | 0.00 | 0.00 |
| Interest Expense | 689.45K | 572.62K | 539.39K | 575.31K | 764.75K | 773.68K | 905.99K | 1.61M | 1.82M | 2.28M | 786.14K | 993.78K |
| Depreciation & Amortization | 1.57M | 1.64M | 2.10M | 2.82M | 3.43M | 3.76M | 3.68M | 4.29M | 4.82M | 3.24M | 1.10M | 742.00K |
| EBITDA | 3.70M | 3.60M | 2.22M | -1.00M | 3.27M | 4.49M | 4.29M | -2.55M | -391.39K | 5.43M | 5.61M | 5.21M |
| EBITDA Ratio | 17.63% | 18.84% | 16.68% | -9.55% | 17.19% | 24.63% | 27.52% | -35.58% | -3.08% | 27.08% | 47.06% | 52.35% |
| Operating Income | 2.13M | 1.94M | 120.59K | -3.82M | -162.62K | 300.21K | 224.52K | -8.23M | -13.55M | 1.68M | 3.69M | 4.10M |
| Operating Income Ratio | 10.14% | 10.14% | 0.90% | -36.51% | -0.86% | 1.65% | 1.44% | -115.02% | -106.62% | 8.37% | 30.97% | 41.22% |
| Total Other Income/Expenses | -391.90K | -676.32K | -539.41K | 507.73K | -16.11K | -354.94K | -503.52K | -866.62K | -9.38M | -1.82M | -24.14K | -618.65K |
| Income Before Tax | 1.39M | 1.26M | -419.05K | -3.31M | -917.87K | -54.74K | -278.71K | -9.11M | -14.93M | -147.12K | 3.67M | 3.49M |
| Income Before Tax Ratio | 6.60% | 6.60% | -3.14% | -31.66% | -4.83% | -0.30% | -1.79% | -127.39% | -117.48% | -0.73% | 30.77% | 35.01% |
| Income Tax Expense | -6.05M | 194.97K | 110.75K | 115.00K | 18.55K | 3.64K | 949.66K | -2.00K | -472.28K | 474.28K | 1.37M | 1.30M |
| Net Income | 7.44M | 1.07M | -529.80K | -3.43M | -936.42K | -58.38K | -278.71K | -9.11M | -14.46M | -621.40K | 2.30M | 2.19M |
| Net Income Ratio | 35.45% | 5.58% | -3.97% | -32.76% | -4.93% | -0.32% | -1.79% | -127.37% | -113.77% | -3.10% | 19.29% | 21.95% |
| EPS | 0.25 | 0.04 | -0.02 | -0.13 | -0.04 | 0.00 | -0.01 | -0.48 | -0.83 | -0.04 | 0.42 | 0.25 |
| EPS Diluted | 0.25 | 0.04 | -0.02 | -0.13 | -0.04 | 0.00 | -0.01 | -0.48 | -0.83 | -0.04 | 0.42 | 0.25 |
| Weighted Avg Shares Out | 29.70M | 28.64M | 26.39M | 25.52M | 25.09M | 24.61M | 24.27M | 19.02M | 17.35M | 13.83M | 8.81M | 8.81M |
| Weighted Avg Shares Out (Dil) | 29.77M | 28.68M | 26.39M | 25.52M | 25.09M | 24.61M | 24.27M | 19.16M | 17.35M | 13.83M | 8.81M | 8.81M |
SUPERIOR DRILLING INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Superior Drilling Products, Inc. - SDPI
NEW ORLEANS , July 17, 2024 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.
Star Equity Fund Issues Statement on Successful Campaign at Superior Drilling Products
Called on Company to Explore Strategic Alternatives in 2022 and Again in 2023 Star Equity Fund Will Vote FOR the Sale to Drilling Tools International OLD GREENWICH, Conn., July 08, 2024 (GLOBE NEWSWIRE) -- Star Equity Fund, LP and affiliates...
STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates Merger of Superior Drilling Products, Inc. – SDPI
NEW YORK, July 03, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are...
STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates Merger of Superior Drilling Products, Inc. - SDPI
NEW YORK , July 2, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are...
Superior Drilling Products Reports First Quarter 2024 Results
VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, today reported financial results for the first quarter ended March 31, 2024. On March 7, 2024, Drilling Tools International...
SUPERIOR DRILLING INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Superior Drilling Products, Inc. - SDPI
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Superior Drilling Products, Inc. (the "Company") (NYSE: SDPI) to Drilling Tools...
SUPERIOR DRILLING INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Superior Drilling Products, Inc. - SDPI
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Superior Drilling Products, Inc. (the "Company") (NYSE: SDPI) to Drilling Tools...
Superior Drilling Products Reports Fourth Quarter and Full Year 2023 Results
VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products Reports Fourth Quarter and Full Year 2023 Results.
SDPI Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Superior Drilling Products, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Superior Drilling Products, Inc. (NYSE American: SDPI) to Drilling Tools International Corp. for approximately $32.2 million in cash and Drilling Tools stock is fair...
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