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Superior Drilling Products, Inc. : Revenue Increased 57% Sequentially to $2.4 million in First Quarter 2021


 
First quarter revenue grew $0.9 million to $2.4 million over trailing fourth quarter as market steadily improves
U.S. market conditions strengthening and market share expanding driving revenue in North America up 74% over trailing quarter
Tool revenue grew 84% over the trailing quarter while Contract Services revenue was up 19%
Cost savings efforts and improved revenue resulted in positive cash generation from operations; ended quarter with $2.3 million of cash on hand
Restructured international team to build market opportunity while expanding relationships with major oil field service companies to deepen market reach
Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, today reported financial results for the first quarter of 2021 ended March 31, 2021. ....

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Interface Reports First Quarter 2021 Results


Interface Reports First Quarter 2021 Results
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ATLANTA, May 7, 2021 /PRNewswire/ Interface, Inc. (Nasdaq: TILE), a worldwide commercial flooring company and global leader in sustainability, today announced results for the first quarter ended April 4, 2021.
Quarterly Highlights:
Orders increased 11% from Q4 2020 to Q1 2021.
Strong liquidity of $405 million at quarter end comprised of $107 million in cash and $298 million of availability under the revolving credit facility.
Cash generated by operating activities of $25 million in Q1 2021.
We delivered solid results for the first quarter 2021 benefiting from our reduced cost structure and a currency tailwind. The dynamic market environment is beginning to show tangible signs of recovery, including an 11% sequential increase in orders, primarily driven by rising demand in the Americas and parts of Europe and APAC, commented Dan Hendrix, Cha ....

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