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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 Products Announces First Quarter 2020 Financial Results Release and Conference Call
VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or “Company”), an innovator and manufacturer of drilling tool technologies, today announced that it will release its first quarter 2020 financial results before the opening of financial markets on Friday,...
Superior Drilling Products, Inc. Addresses COVID-19 Impact on Business and Provides Preliminary First Quarter 2020 Revenue
VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), an innovator and manufacturer of drilling tool technologies, announced today actions the Company has taken to address the recent changes in the oil & gas industry resulting...
Superior Drilling Products, Inc. Achieves 2019 Preliminary Revenue of $19 Million Driven by Growth in Middle East
VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, today announced unaudited preliminary revenue for the year ended December 31, 2019, was $19.0 million, up 4% from the...
Superior Drilling Products Announces Third Quarter 2019 Financial Results Release and Conference Call
VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or “Company”), a designer and manufacturer of drilling tool technologies, today announced that it will release its third quarter 2019 financial results before the opening of financial markets on Friday,...
Superior Drilling Products, Inc. Expands Middle East Opportunities in Second Quarter 2019
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 preliminary financial results for the second quarter ended June 30, 2019. Preliminary financial results reflect the impact...
Superior Drilling Products Announces Second Quarter 2019 Financial Results Release and Conference Call
VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or “Company”), a designer and manufacturer of drilling tool technologies, today announced that it will release its second quarter 2019 financial results before the opening of financial markets on Thursday,...
Superior Drilling Products, Inc. Delivered 9.5% Revenue Growth and Generated $1.0 Million in Cash for First Quarter 2019
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, 2019. Troy Meier, Chairman and CEO, noted, “Our performance...
Superior Drilling Products Announces First Quarter 2019 Financial Results Release and Conference Call
VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American: SDPI), a designer and manufacturer of drilling tool technologies, today announced that it will release its first quarter 2019 financial results before the opening of financial markets on Thursday, May 9, 2019....
Superior Drilling Products, Inc. Delivered 17% Revenue Growth and Generated $4.6 Million in Cash for 2018
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 fourth quarter and full-year ended December 31, 2018. Troy Meier, Chairman and CEO,...
Superior Drilling Products Strengthens Financial Flexibility with Revolving Credit Facility; Announces 2018 Fourth Quarter Preliminary Revenue
VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American:SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, today announced it has entered into a new credit facility and provided preliminary revenue for the fourth quarter and full...
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