Superior Drilling Products Inc. (SDPI) Financial Statements (2024 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)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,3151,1801,9562,1582,0472,827
Cash and cash equivalents4,3151,1801,9562,1582,0472,827
Receivables2,4394,6883,9603,2414,0842,799
Inventory, net of allowances, customer advances and progress billings3,2193,1522,2492,0811,6231,325
Inventory3,2193,1522,2492,0811,6231,325
Prepaid expense533352357368448643
Asset, held-for-sale, not part of disposal group    216  
Other current assets30719215214077589
Total current assets:10,8139,5648,6738,2058,9767,683
Noncurrent Assets
Operating lease, right-of-use asset506559606638689160
Property, plant and equipment11,09911,08610,2418,5778,4277,427
Intangible assets, net (including goodwill)   2869111153
Intangible assets, net (excluding goodwill)   2869111153
Deferred income tax assets      
Other noncurrent assets200113113112112111
Total noncurrent assets:11,80511,75810,9889,3969,3387,850
TOTAL ASSETS:22,61821,32219,66117,60018,31415,534
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,8563,3942,4471,9352,4132,169
Taxes payable264220
Accounts payable2,9102,4341,6641,0441,2651,096
Accrued liabilities945960782892884853
Deferred revenue     63 
Debt8351,5031,2341,2012,3922,275
Other liabilities    216  
Other undisclosed current liabilities60657747839645160
Total current liabilities:5,2975,4734,1593,7484,9134,603
Noncurrent Liabilities
Long-term debt and lease obligation5,6794,4454,5074,5685,2694,266
Long-term debt, excluding current maturities1,703448489529684191
Finance lease, liability3,9763,9974,0174,0384,0584,076
Liabilities, other than long-term debt1,0091,0171,1681,198612 
Deferred revenue675675675675612 
Operating lease, liability334342493523527 
Total noncurrent liabilities:6,6895,4635,6755,7665,8804,266
Total liabilities:11,98510,9369,8349,51410,7948,870
Equity
Equity, attributable to parent10,63310,3869,8278,0877,5216,664
Common stock302929292928
Additional paid in capital44,63844,40744,17143,94443,71143,494
Accumulated deficit(34,036)(34,050)(34,373)(35,886)(36,219)(36,858)
Total equity:10,63310,3869,8278,0877,5216,664
TOTAL LIABILITIES AND EQUITY:22,61821,32219,66117,60018,31415,534

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

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues5,0525,3676,2815,2545,1734,541
Cost of revenue
(Cost of Goods and Services Sold)
(2,004)(2,013)(2,239)(2,216)(2,231)(2,116)
Gross profit:3,0483,3544,0433,0382,9422,425
Operating expenses(4,926)(4,821)(4,903)(4,606)(4,317)(4,413)
Other undisclosed operating income2,0042,0132,2392,2162,2312,116
Operating income (loss):1265461,378648856128
Nonoperating income (expense)(35)(116)213(228)(173)(152)
Investment income, nonoperating 9141713113
Other nonoperating income 156     
Interest and debt expense(200)(130)(154)(162)(154)(133)
Income (loss) from continuing operations before equity method investments, income taxes:(110)3001,437258529(157)
Other undisclosed income (loss) from continuing operations before income taxes200130154162154133
Income (loss) from continuing operations before income taxes:914301,591420683(24)
Income tax expense (benefit)(77)(107)(78)(87)(44)(32)
Income (loss) from continuing operations:143231,513333639(57)
Income (loss) before gain (loss) on sale of properties:639(57)
Net income (loss) available to common stockholders, diluted:143231,513333639(57)

Comprehensive Income ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net income (loss):143231,513333639(57)
Comprehensive income (loss), net of tax, attributable to parent:143231,513333639(57)

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.

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