Superior Drilling Products Inc. (SDPI) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1583 SOUTH 1700 EAST VERNAL, UT 84078 |
| State of Incorp. | UT |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3533 - Oil and Gas Field Machinery and Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,671 | 4,315 | 1,180 | 1,956 | 2,158 | 2,047 | |||
| Cash and cash equivalent | 2,671 | 4,315 | 1,180 | 1,956 | 2,158 | 2,047 | |||
| Receivables | 2,670 | 2,439 | 4,688 | 3,960 | 3,241 | 4,084 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,706 | 3,219 | 3,152 | 2,249 | 2,081 | 1,623 | |||
| Inventory | 2,706 | 3,219 | 3,152 | 2,249 | 2,081 | 1,623 | |||
| Prepaid expense | 335 | 533 | 352 | 357 | 368 | 448 | |||
| Asset, held-for-sale, not part of disposal group | 216 | ||||||||
| Other current assets | 374 | 307 | 192 | 152 | 140 | 775 | |||
| Total current assets: | 8,756 | 10,813 | 9,564 | 8,673 | 8,205 | 8,976 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 451 | 506 | 559 | 606 | 638 | 689 | |||
| Property, plant and equipment | 11,242 | 11,099 | 11,086 | 10,241 | 8,577 | 8,427 | |||
| Intangible assets, net (including goodwill) | 28 | 69 | 111 | ||||||
| Intangible assets, net (excluding goodwill) | 28 | 69 | 111 | ||||||
| Deferred income tax assets | 6,387 | ||||||||
| Other noncurrent assets | 200 | 200 | 113 | 113 | 112 | 112 | |||
| Total noncurrent assets: | 18,280 | 11,805 | 11,758 | 10,988 | 9,396 | 9,338 | |||
| TOTAL ASSETS: | 27,037 | 22,618 | 21,322 | 19,661 | 17,600 | 18,314 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,418 | 3,856 | 3,394 | 2,447 | 1,935 | 2,413 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 264 | ||
| Accounts payable | 1,548 | 2,910 | 2,434 | 1,664 | 1,044 | 1,265 | |||
| Accrued liabilities | 870 | 945 | 960 | 782 | 892 | 884 | |||
| Deferred revenue | 63 | ||||||||
| Debt | 719 | 835 | 1,503 | 1,234 | 1,201 | 2,392 | |||
| Other liabilities | 216 | ||||||||
| Other undisclosed current liabilities | 680 | 606 | 577 | 478 | 396 | 45 | |||
| Total current liabilities: | 3,817 | 5,297 | 5,473 | 4,159 | 3,748 | 4,913 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 5,564 | 5,679 | 4,445 | 4,507 | 4,568 | 5,269 | |||
| Long-term debt, excluding current maturities | 1,610 | 1,703 | 448 | 489 | 529 | 684 | |||
| Finance lease, liability | 3,954 | 3,976 | 3,997 | 4,017 | 4,038 | 4,058 | |||
| Liabilities, other than long-term debt | 1,000 | 1,009 | 1,017 | 1,168 | 1,198 | 612 | |||
| Deferred revenue | 675 | 675 | 675 | 675 | 675 | 612 | |||
| Operating lease, liability | 325 | 334 | 342 | 493 | 523 | 527 | |||
| Total noncurrent liabilities: | 6,565 | 6,689 | 5,463 | 5,675 | 5,766 | 5,880 | |||
| Total liabilities: | 10,382 | 11,985 | 10,936 | 9,834 | 9,514 | 10,794 | |||
| Equity | |||||||||
| Equity, attributable to parent | 16,655 | 10,633 | 10,386 | 9,827 | 8,087 | 7,521 | |||
| Common stock | 30 | 30 | 29 | 29 | 29 | 29 | |||
| Additional paid in capital | 45,075 | 44,638 | 44,407 | 44,171 | 43,944 | 43,711 | |||
| Accumulated deficit | (28,450) | (34,036) | (34,050) | (34,373) | (35,886) | (36,219) | |||
| Total equity: | 16,655 | 10,633 | 10,386 | 9,827 | 8,087 | 7,521 | |||
| TOTAL LIABILITIES AND EQUITY: | 27,037 | 22,618 | 21,322 | 19,661 | 17,600 | 18,314 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,273 | 5,052 | 5,367 | 6,281 | 5,254 | 5,173 | ||
| Cost of revenue (Cost of Product and Service Sold) | (1,939) | (2,004) | (2,013) | (2,239) | (2,216) | (2,231) | ||
| Gross profit: | 2,334 | 3,048 | 3,354 | 4,043 | 3,038 | 2,942 | ||
| Operating expenses | (4,546) | (4,926) | (4,821) | (4,903) | (4,606) | (4,317) | ||
| Other undisclosed operating income | 1,939 | 2,004 | 2,013 | 2,239 | 2,216 | 2,231 | ||
| Operating income (loss): | (273) | 126 | 546 | 1,378 | 648 | 856 | ||
| Nonoperating income (expense) | (454) | (35) | (116) | 213 | (228) | (173) | ||
| Investment income, nonoperating | 9 | 14 | 17 | 13 | 11 | |||
| Other nonoperating income | 156 | |||||||
| Interest and debt expense | 441 | (200) | (130) | (154) | (162) | (154) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (285) | (110) | 300 | 1,437 | 258 | 529 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (441) | 200 | 130 | 154 | 162 | 154 | ||
| Income (loss) from continuing operations before income taxes: | (726) | 91 | 430 | 1,591 | 420 | 683 | ||
| Income tax expense (benefit) | 6,312 | (77) | (107) | (78) | (87) | (44) | ||
| Income (loss) from continuing operations: | 5,586 | 14 | 323 | 1,513 | 333 | 639 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 639 | |
| Net income (loss) available to common stockholders, diluted: | 5,586 | 14 | 323 | 1,513 | 333 | 639 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 5,586 | 14 | 323 | 1,513 | 333 | 639 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 5,586 | 14 | 323 | 1,513 | 333 | 639 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.