Superior Drilling Products Inc (SDPI) said before open Thursday that it broke even in quarter four 2023.
In the same quarter a year ago, the company earned $0.01 per share on revenue of $5.3 million.
The stock is up 26.28% to $0.89 after the report.
Superior Drilling Products Inc's profit margins maintained as both earnings and revenue declined at the same pace.
InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.
Prior to the report, InvestorsObserver gave the stock an overall score of 7.
Superior Drilling Products Inc is engaged in providing equipment and services to the oil and gas industry. It specialises in the design and manufacture of drilling tool technologies including the patented Drill-N-Ream wellbore conditioning tool and the patented Strider oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for an oilfield services company. The company operates in North America and other international regions, of which key revenue is derived from North America.
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Superior Drilling Products Inc Up 26.28% To $0.89 After Earnings
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