Superior Drilling Products (SDPI) Tops Q4 EPS by 3c, Revenues Miss

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Go back to Superior Drilling Products (SDPI) Tops Q4 EPS by 3c, Revenues Miss

Superior Drilling Products, Inc. Reports Fourth Quarter and Full Year 2020 Results

March 11, 2021 6:30 AM EST

 Fourth quarter revenue of $1.5 million unchanged from trailing third quarter For the year, International revenue increased 43% to $1.9 million as the Company executed on its strategy to diversify its markets North America markets improved sequentially Improvement in North America market conditions demonstrated by $225 thousand order received in late December for new Drill-N-Ream® (DNR) patented well bore conditioning tools; additional $270 thousand in North America orders received through February 2021 for new DNRs Operating expenses reduced to cash breakeven level entering 2021

VERNAL, Utah--(BUSINESS WIRE)-- Superior Drilling Products,... More