Superior Drilling Products (SDPI) Reports In-Line Q3 EPS

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Go back to Superior Drilling Products (SDPI) Reports In-Line Q3 EPS

Superior Drilling Products, Inc. Reports Continued Sequential Growth in Revenue to $3.6 Million and Strengthening Profitability in Third Quarter 2021

November 12, 2021 6:30 AM EST

Third quarter revenue grew to $3.6 million, up $2.0 million over the prior-year period and up $163 thousand sequentially North America revenue was up 172% and International revenue increased 22% over prior-year period on greater market penetration and improving market conditions Achieved break-even earnings per diluted share with net loss of $6 thousand compared with net loss of $1.7 million Adjusted EBITDA* was $853 thousand or 23.9% as a percent of revenue Strengthened balance sheet subsequent to quarter end with $1.7 million of net proceeds from offering

*Adjusted EBITDA is a non-GAAP... More