DTI Q2 2024 Earnings — Drilling Tools International Corp. Revenue & Financial Results | Market Cap Arena

DTIDrilling Tools International Corp.

$131M

Q2 2024 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$38M-1.0% YoY

Gross Profit

$22M58.2% margin

Operating Income

$2M6.0% margin

Net Income

$365,0001.0% margin

EPS (Diluted)

$0.01

QoQ Revenue Growth

+1.5%

Cash Flow

Operating Cash Flow

$1M

Free Cash Flow

-$9M

Stock-Based Comp.

$856,000

Balance Sheet

Total Assets

$167M

Total Liabilities

$74M

Stockholders' Equity

$93M

Cash & Equivalents

$7M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$38M	$38M	-1.0%
Gross Profit	$22M	$24M	-10.2%
Operating Income	$2M	$7M	-66.3%
Net Income	$365,000	$937,000	-61.0%

Revenue Segments

Tool Rental

$28M75%

Product

$9M25%

Geographic Segments

UNITED STATES

$31M81%

International

$7M19%