Superior Drilling Products (SDPI) Tops Q2 EPS by 1c

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Go back to Superior Drilling Products (SDPI) Tops Q2 EPS by 1c

Superior Drilling Products, Inc. Revenue Grew 34% to $4.5 million in Second Quarter 2022

August 12, 2022 7:00 AM EDT

Second quarter revenue increased $1.1 million, or 34%, to $4.5 million over the prior-year period Tool revenue grew 27% over the prior-year period and Contract Services revenue was up 47% Strengthening balance sheet with $2.8 million in cash and $6.7 million in shareholders equity at quarter-end Secured strategic International channel partner in the Middle East and North Africa The Company expects 2022 revenue of between $22 million to $25 million and Adjusted EBITDA* of $6 million to $8 million, which includes the impact of the sale of the initial phase of the existing DNR tool fleet to support... More