SDPI - Superior Drilling reports Q2 earnings; sees FY22 and Q3 revenue guidance above estimates

• Superior Drilling press release ( NYSE: SDPI ): Q2 GAAP EPS of $0.00.
• Revenue of $4.54M (+33.9% Y/Y).
• The company expects 2022 revenue of between $22 million to $25 million vs. consensus of $20.83M and Adjusted EBITDA of $6 million to $8 million, which includes the impact of the sale of the initial phase of the existing DNR tool fleet to support Middle East demand.

• The company expects third quarter 2022 revenue will be $8 million to $9 million vs. consensus of $5.70M and Adjusted EBITDA to range between $3.5 million to $4.0 million.

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