Savvy Trades and Investments

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Anyone follow SDPI? Great news this morning about a preliminary jump in Q2 revenues. Up nearly 300%! Also raising revenue guidance for the year. Despite a weak energy sector. Company not profitable, but very close to it. Might even post a tiny profit for Q2. And Q2 appears to be seasonally a bit softer.

From the 10K:

Seasonality

A substantial portion of our business is not significantly impacted by changing seasons. A small portion of the revenue we generate from selected operations may benefit from higher first quarter activity levels, as operators take advantage of the winter freeze to gain access to remote drilling and production areas. In the past, some of our revenue in Alaska has declined during the second quarter due to warming weather conditions that resulted in thawing, softer ground, difficulty accessing drill sites and road bans that curtailed drilling activity.



Stock has cooled off after hitting .97 earlier. I bought a little around .80 and hope to accumulate lower. This was a $2 stock last summer and things look way better now (much higher revenues and significantly reduced losses). Feel like it could see another spike when they report some eye popping Q2 increases next month. Should have several favorable comps coming up.

Today's PR:

https://finance.yahoo.com/news/superior-drilling-products-reports-second-103000770.html