Superior Drilling Products (SDPI) Misses Q4 EPS by 2c
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Superior Drilling Products, Inc. Grew Revenue 156% and Achieved Earnings per Share of $0.02 in Fourth Quarter 2021
March 11, 2022 6:55 AM EST Fourth quarter revenue grew to $4.0 million, up over 2.5 times over the prior-year period and up 11% sequentially Revenue for 2021 increased 27% to $13.3 million driven by strong demand for SDPs flagship Drill-N-Ream® wellbore conditioning tool and the significant recovery in oil & gas production in North America Achieved net income of $645 thousand for the quarter and Adjusted EBITDA* of $827 thousand, or 20.9% as a percent of revenue Ended year with $6.1 million in shareholders equity
*Adjusted EBITDA is a non-GAAP measure. See comments regarding the use of non-GAAP measures and the... More
