Superior Drilling Products (SDPI) Misses Q3 EPS by 4c, Revenues Miss

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Go back to Superior Drilling Products (SDPI) Misses Q3 EPS by 4c, Revenues Miss

Superior Drilling Products, Inc. Reports Third Quarter 2020 Results

November 6, 2020 6:30 AM EST

Diversification strategy drove 49% growth in International revenue to $429 thousand; sequentially, International revenue was up 28% Drill-N-Ream active in Kuwait, Ukraine, Oman, the UAE and Qatar Total annualized cost reductions of approximately $3.5 million implemented year-to-date in response to industry conditions Latest cost reduction efforts reduced cash break even to $700 thousand per month Expects to achieve cash breakeven entering into 2021

VERNAL, Utah--(BUSINESS WIRE)-- Superior Drilling Products, Inc. (NYSE American: SDPI) (SDP or the Company), a designer and... More