Superior Drilling Products (SDPI) Tops Q2 EPS by 3c
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Superior Drilling Products, Inc. Revenue Increased 40% Sequentially to $3.4 million in Second Quarter 2021
August 13, 2021 7:45 AM EDTSecond quarter revenue grew to $3.4 million, up $1.0 million over the trailing first quarter and up $1.4 million over prior-year period Rig efficiencies drive higher levels of drilling activity with more wells and greater footage even as rig count stabilizes Gaining global market share with presence on more rigs; North America revenue was up 74% and International revenue increased 37% over prior-year period Cost savings efforts and higher volume drove positive cash generation from operations; ended quarter with $2.7 million of cash on hand Achieved break-even earnings per diluted share with net... More
