DTI Q3 2024 Earnings — Drilling Tools International Corp. Revenue & Financial Results | Market Cap Arena

DTIDrilling Tools International Corp.

$131M

Q3 2024 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$40M+5.1% YoY

Gross Profit

$24M60.1% margin

Operating Income

$4M10.6% margin

Net Income

$867,0002.2% margin

EPS (Diluted)

$0.03

QoQ Revenue Growth

+6.8%

Cash Flow

Operating Cash Flow

$5M

Free Cash Flow

$2M

Stock-Based Comp.

$508,000

Balance Sheet

Total Assets

$219M

Total Liabilities

$96M

Stockholders' Equity

$123M

Cash & Equivalents

$12M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$40M	$38M	+5.1%
Gross Profit	$24M	$24M	+1.8%
Operating Income	$4M	$7M	-40.4%
Net Income	$867,000	$4M	-79.8%

Revenue Segments

Tool Rental

$28M70%

Product

$12M30%

Geographic Segments

UNITED STATES

$32M100%