Superior Drilling Products, Inc. (SDPI) financial statements (2022 and earlier)

Company profile

Business Address 1583 SOUTH 1700 EAST
VERNAL, UT 84078
State of Incorp. UT
Fiscal Year End December 31
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)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,8222,4692,6892,2621,9611,4122,533
Cash and cash equivalents2,8222,4692,6892,2621,9611,4122,533
Receivables2,8722,0461,9301,6021,3461,4421,415
Inventory, net of allowances, customer advances and progress billings1,1751,0681,0609961,0209441,302
Inventory1,1751,0681,0609961,0209441,302
Prepaid expense436266392109907476
Assets held-for-sale, not part of disposal group    404040
Other current assets5548434341  
Total current assets:7,3595,8976,1155,0124,4983,9125,366
Noncurrent Assets
Operating lease, right-of-use asset21224866100146177
Property, plant and equipment6,9306,9646,8157,2127,5357,8597,756
Intangible assets, net (including goodwill)2362783195288191,1111,403
Intangible assets, net (excluding goodwill)2362783195288191,1111,403
Deferred income tax assets     35 
Other noncurrent assets66666484878394
Total noncurrent assets:7,2537,3307,2467,8898,5429,2359,429
TOTAL ASSETS:14,61213,22713,36112,90113,04013,14614,796
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,8132,8682,5382,3331,6281,6041,398
Accounts payable1,139802598742430663669
Accrued liabilities4671,8881,8011,4681,092843729
Taxes payable20617813912310698 
Debt2,2611,5092,0101,7111,3974,7603,991
Other undisclosed current liabilities14143054141108114
Total current liabilities:4,0884,3904,5774,0983,1666,4735,503
Noncurrent Liabilities
Long-term debt and lease obligation4,3765,2575,3945,5155,6501,9763,021
Long-term debt, excluding current maturities2571,1191,2311,3411,4511,9372,958
Finance lease, liability4,1134,1304,1464,1614,178  
Operating lease, liability781812213863
Other undisclosed noncurrent liabilities(7)(8)(18)(12)(21)(38)(63)
Total noncurrent liabilities:4,3695,2575,3945,5155,6291,9763,021
Total liabilities:8,4649,6479,9719,6128,8168,4488,524
Stockholders' equity
Stockholders' equity attributable to parent6,1483,5793,3903,2894,2244,6986,272
Common stock28262626262625
Additional paid in capital43,07141,15040,95440,78740,62040,43940,281
Accumulated deficit(36,952)(37,596)(37,590)(37,524)(36,422)(35,767)(34,035)
Total stockholders' equity:6,1483,5793,3903,2894,2244,6986,272
TOTAL LIABILITIES AND EQUITY:14,61213,22713,36112,90113,04013,14614,796

Income statement (P&L) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues3,9503,5623,3992,4251,5411,5472,024
Cost of revenue
(Cost of Goods and Services Sold)
(1,777)(1,442)(1,224)(1,176)(821)(871)(1,100)
Gross profit:2,1732,1202,1751,249720677925
Operating expenses(3,860)(3,399)(3,283)(3,381)(2,986)(3,094)(3,120)
Other undisclosed operating income1,7771,4421,2241,1768218711,100
Operating income (loss):90163116(957)(1,445)(1,546)(1,096)
Nonoperating income (expense)583(130)(157)(128)799(85)(146)
Interest and debt expense(126)(130)(146)(138)(125)(126)(146)
Income (loss) from continuing operations before equity method investments, income taxes:547(97)(186)(1,223)(772)(1,758)(1,388)
Other undisclosed income from continuing operations before income taxes126130146138125126146
Income (loss) from continuing operations before income taxes:67333(40)(1,085)(647)(1,631)(1,242)
Income tax expense(28)(39)(26)(17)(9)(100)(0)
Net income (loss):645(6)(67)(1,102)(655)(1,731)(1,242)
Other undisclosed net income attributable to parent      0
Net income (loss) available to common stockholders, diluted:645(6)(67)(1,102)(655)(1,731)(1,242)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):645(6)(67)(1,102)(655)(1,731)(1,242)
Comprehensive income (loss), net of tax, attributable to parent:645(6)(67)(1,102)(655)(1,731)(1,242)

Statements sources

The financial statements are based on the company's filings with the 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.

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