Superior Drilling Products (SDPI) Tops Q1 EPS by 1c, Revenues Beat

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Go back to Superior Drilling Products (SDPI) Tops Q1 EPS by 1c, Revenues Beat

Superior Drilling Products, Inc. Revenue Increased 57% Sequentially to $2.4 million in First Quarter 2021

May 12, 2021 8:05 AM EDT

 First quarter revenue grew $0.9 million to $2.4 million over trailing fourth quarter as market steadily improves U.S. market conditions strengthening and market share expanding driving revenue in North America up 74% over trailing quarter Tool revenue grew 84% over the trailing quarter while Contract Services revenue was up 19% Cost savings efforts and improved revenue resulted in positive cash generation from operations; ended quarter with $2.3 million of cash on hand Restructured international team to build market opportunity while expanding relationships with major oil field service companies to deepen market... More