DTI Q2 2023 Earnings — Drilling Tools International Corp. Revenue & Financial Results | Market Cap Arena

DTIDrilling Tools International Corp.

$131M

Q2 2023 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$38M+24.8% YoY

Gross Profit

$24M64.2% margin

Operating Income

$7M17.5% margin

Net Income

$937,0002.5% margin

EPS (Diluted)

$0.05

QoQ Revenue Growth

-7.1%

Cash Flow

Operating Cash Flow

$7M

Free Cash Flow

-$11M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$138M

Total Liabilities

$58M

Stockholders' Equity

$80M

Cash & Equivalents

$7M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$38M	$30M	+24.8%
Gross Profit	$24M	$18M	+38.7%
Operating Income	$7M	$4M	+76.7%
Net Income	$937,000	$6M	-84.2%