DTI Q1 2024 Earnings — Drilling Tools International Corp. Revenue & Financial Results | Market Cap Arena

DTIDrilling Tools International Corp.

$131M

Q1 2024 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$37M-9.4% YoY

Gross Profit

$23M62.4% margin

Operating Income

$5M13.9% margin

Net Income

$3M8.5% margin

EPS (Diluted)

$0.11

QoQ Revenue Growth

+5.1%

Cash Flow

Operating Cash Flow

$3M

Free Cash Flow

-$3M

Stock-Based Comp.

$208,000

Balance Sheet

Total Assets

$167M

Total Liabilities

$75M

Stockholders' Equity

$92M

Cash & Equivalents

$14M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$37M	$41M	-9.4%
Gross Profit	$23M	$26M	-12.4%
Operating Income	$5M	$8M	-35.2%
Net Income	$3M	$6M	-45.2%