Superior Drilling Products, Inc. (SDPI) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,9611,2174,2652,3752,2421,297
Cash and cash equivalents1,9611,2174,2652,3752,2421,297
Receivables1,3463,8512,2732,6671,0391,861
Inventory, net of allowances, customer advances and progress billings1,0209241,0041,1971,1681,411
Inventory1,0209241,0041,1971,1681,411
Prepaid expense9013913411276179
Assets held-for-sale, not part of disposal group40253  2,490 
Other current assets41252  14 
Total current assets:4,4986,6367,6756,3517,0284,748
Noncurrent Assets
Operating lease, right-of-use asset100 
Property, plant and equipment7,5358,0468,2268,8099,06814,656
Intangible assets, net (including goodwill)8191,9863,6866,1338,57911,026
Intangible assets, net (excluding goodwill)8191,9863,6866,1338,57911,026
Other noncurrent assets879452161628
Deferred tax assets, net   5,910
Other undisclosed noncurrent assets   7,3678,2972,387
Total noncurrent assets:8,54210,12511,96422,32525,96034,007
TOTAL ASSETS:13,04016,76119,63928,67632,98938,755
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6281,6451,3531,5651,5161,450
Accounts payable4309617211,0211,067639
Accrued liabilities1,092684632544449810
Taxes payable106    2
Deferred revenue 61
Debt1,3974,1034,5796,1023,1232,968
Due to related parties    272555
Other undisclosed current liabilities141     
Total current liabilities:3,1665,8095,9327,6674,9114,974
Noncurrent Liabilities
Long-term debt and lease obligation5,6503,8496,2976,70613,28916,455
Long-term debt, excluding current maturities1,4513,8496,2976,70613,28916,209
Finance lease, liability4,178 
Capital lease obligations   246
Operating lease, liability21 
Liabilities, other than long-term debt    8211,151
Due to related parties     271
Other liabilities    821880
Other undisclosed noncurrent liabilities(21)     
Total noncurrent liabilities:5,6503,8496,2976,70614,10917,606
Total liabilities:8,8169,65812,22914,37319,02022,580
Stockholders' equity
Stockholders' equity attributable to parent4,2247,1037,41014,30313,96816,175
Common stock262525252417
Additional paid in capital40,62040,06939,44138,90838,29531,380
Accumulated deficit(36,422)(32,992)(32,055)(24,630)(24,351)(15,222)
Total stockholders' equity:4,2247,1037,41014,30313,96816,175
TOTAL LIABILITIES AND EQUITY:13,04016,76119,63928,67632,98938,755

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues10,47118,99718,24515,5967,15312,706
Revenue, net15,5967,15312,706
Cost of revenue
(Cost of Goods and Services Sold)
(5,106)(8,183)(7,077)(5,960)(4,492)(6,618)
Gross profit:5,36510,81411,1689,6352,6616,088
Operating expenses(14,293)(19,899)(17,945)(15,371)(15,399)(26,253)
Other undisclosed operating income5,1068,1837,0775,9604,4926,618
Operating income (loss):(3,823)(902)300225(8,246)(13,547)
Nonoperating income (expense)508(16)(355)(503)(885)(1,381)
Investment income, nonoperating661 347314294
Other nonoperating income   44237240
Interest and debt expense(575)(765)(774)(906)(1,613)(1,823)
Loss from continuing operations before equity method investments, income taxes:(3,890)(1,683)(828)(1,185)(10,744)(16,750)
Other undisclosed income from continuing operations before income taxes5757657749061,6131,823
Loss from continuing operations before income taxes:(3,315)(918)(55)(279)(9,131)(14,928)
Income tax expense (benefit)(115)(19)(4) 2472
Net loss available to common stockholders, diluted:(3,430)(936)(58)(279)(9,129)(14,456)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(3,430)(936)(58)(279)(9,129)(14,456)
Comprehensive loss, net of tax, attributable to parent:(3,430)(936)(58)(279)(9,129)(14,456)

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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