 Hey, I want to invite you to join Stocktwits. It’s the largest global community of active traders. You’ll get access to the real-time market insights, news, discussion and much more! You can sign up using my unique link below 
 


 has invited you to join Stocktwits

---
- 'VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American:
  SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies,
  today reported financial results for the fourth quarter and full-year ended December
  31, 2018.'
- |-
  Fourth Quarter 2018 Review ($ in thousands, except per share amounts)

  When compared with the prior-year period, growth in Other Related Tool Revenue, which is comprised of royalties and fleet maintenance fees, was the result of a larger fleet of deployed DNR tools being actively used in drilling operations.
- Revenue for the full year 2018 increased 17%, or $2.7 million, over 2017, driven
  by strong growth in tool revenue as a result of increased market share, including
  initial entry into the Middle East market, combined with increases in royalty and
  repair revenue resulting from a significantly larger fleet of DNRs in operation
  in 2018, compared with 2017.
- Certain statements in this release may constitute forward-looking statements, including
  statements regarding the Company’s financial position, market success with specialized
  tools, effectiveness of its sales efforts, success at developing future tools, and
  the Company’s effectiveness at executing its business strategy and plans.
- These risks and uncertainties include, among other factors, success at expansion
  in the Middle East, options available for market channels in North America, commercialization
  of the Strider technology, the success of the Company’s business strategy and prospects
  for growth; its cash flow and liquidity; financial projections and actual operating
  results; the amount, nature and timing of capital expenditures; the availability
  and terms of capital; competition and government regulations; and general economic
  conditions.


Superior Drilling Products, Inc. Delivered 17% Revenue Growth and Generated $4.6 Million in Cash for 2018

---
- |-
  Levelizes payments over two years and extends maturity to October 2020

  Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or “Company”), a designer and manufacturer of drilling tool technologies, today announced the amendment and restatement of the promissory note (the "Note") related to the Company’s 2014 acquisition of Hard Rock Solutions.
- Superior Drilling Products, Inc. is an innovative, cutting-edge drilling tool technology
  company providing cost saving solutions that drive production efficiencies for the
  oil and natural gas drilling industry.
- The Company’s strategy for growth is to leverage its expertise in drill tool technology
  and innovative, precision machining in order to broaden its product offerings and
  solutions for the oil and gas industry.
- All statements, other than statements of historical fact included in this release,
  regarding our strategy, future operations, the rate at which the Company penetrates
  the Middle East market, plans and objectives of management, are forward-looking
  statements.
- Certain statements in this release may constitute forward-looking statements, including
  statements regarding the Company’s financial position, market success with specialized
  tools, effectiveness of its sales efforts, success at developing future tools, and
  the Company’s effectiveness at executing its business strategy and plans, to include
  expansion into the Middle East.


Superior Drilling Products, Inc. Restructures $6 Million Note

Superior Drilling Products, Inc. engages in the manufacture, repair, sale and rental of drilling tools for the oil and natural gas drilling industry. Its drilling solutions include the patented Drill-N-Ream well bore conditioning tool, Strider oscillation system technology, completion tools, V-Stream, DR Stringer, and PDC Bit Repair. The firm also produces and refurbishes polycrystalline diamond compact drill bits for oil field service firms. The company was founded by Annette Deuel Meier and Gilbert Troy Meier in 1993 and is headquartered in Vernal, UT.

Watchers	4,549
52-Wk Low	$0.6401
52-Wk High	$2.21

Market Cap	$24.32M
Volume (M)	3,491.00
52-Wk High	$2.21
52-Wk Low	$0.6401

SDPI Superior Drilling Products Inc

About

Feed

News

Earnings

Fundamentals