Private company

Superior Drilling Products, Inc.

American oil and gas field machinery and equipment company2

In its 2024 annual report the company says: “We also operate a repair facility in Dubai.”4 It is headquartered in Salt Lake City, United States.2

Last updated Oct 20, 2026.

Overview

  • IndustryOil & Gas Field Machinery & Equipment2
  • HeadquartersSalt Lake City, United States2
  • Incorporated inUT3
  • Business address1583 South 1700 East, Vernal, Ut 840783
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formProfit Corporation2
  • LEI549300B6GMFCER6WX1672
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O Capitol Corporate Services, Inc., 84109 Salt Lake City, United States2
  • Registered withUtah Division of Corporations & Commercial Code (Department of Commerce), 8881514-01422

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Utah with our manufacturing operations. We also operate a repair facility in Dubai.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

8.5%Operating margin5
35.5%Net margin5
9.8%Revenue growth, 20235
44.6%Return on equity5
0.10×Debt to equity5
-$547.5KFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue25¢$8.2M
  • Research and development2¢$765.0K
  • Selling, general and admin29¢$9.6M
  • Interest2¢$689.4K
  • Income tax18¢$6.1M
  • Profit23¢$7.4M

Out of $21.0M in revenue.5

Where each dollar of operating cash went, fiscal 2023

  • Capital spending100¢$3.7M

Out of $3.2M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5

Financial statements

Revenue6789105$21.0M in 2023+34% since 2017
0$10.0M$20.0M$30.0M2017: $15.6M$15.6M20172018: $18.2M$18.2M2018+17%2019: $19.0M$19.0M2019+4%2020: $10.5M$10.5M2020−45%2021: $13.3M$13.3M2021+27%2022: $19.1M$19.1M2022+43%2023: $21.0M$21.0M2023+10%
Operating income6789105$1.8M in 2023+691% since 2017
-$4.0M-$2.0M0$2.0M2017: $224.5K$224.5K20172018: $300.2K$300.2K2018+34%2019: -$901.8K-$901.8K20192020: -$3.8M-$3.8M2020+324%2021: -$586.8K-$586.8K2021−85%2022: $1.9M$1.9M20222023: $1.8M$1.8M2023−8%
Net income6789105$7.4M in 2023
-$10.0M-$5.0M0$5.0M$10.0M2017: -$6.9M-$6.9M20172018: -$58.4K-$58.4K2018−99%2019: -$936.4K-$936.4K2019+1504%2020: -$3.4M-$3.4M2020+266%2021: -$529.8K-$529.8K2021−85%2022: $1.1M$1.1M20222023: $7.4M$7.4M2023+598%
Fiscal year2017201820192020202120222023
Revenue$15.6M6$18.2M7$19.0M8$10.5M9$13.3M10$19.1M5$21.0M5
Cost of revenue$6.0M6$7.1M7$8.2M8$5.1M9$5.6M10$8.3M5$8.2M5
Research and development$746.0K6$1.3M7$1.4M8$790.0K9$487.0K10$436.0K5$765.0K5
Selling, general and admin$5.7M6$7.1M7$8.3M8$6.4M9$6.2M10$7.3M5$9.6M5
Operating income$224.5K6$300.2K7-$901.8K8-$3.8M9-$586.8K10$1.9M5$1.8M5
Interest$906.0K14$773.7K7$764.8K8$575.3K9$539.4K10$572.6K5$689.4K5
Income before tax-$419.1K10$1.3M5$1.4M5
Income tax$3.6K7$18.6K8$115.0K9$110.8K10$195.0K5-$6.1M5
Net income-$6.9M6-$58.4K7-$936.4K8-$3.4M9-$529.8K10$1.1M5$7.4M5
Earnings per share-$0.286$0.007-$0.048-$0.139-$0.0210$0.045$0.255
Earnings per share (diluted)-$0.286$0.007-$0.048-$0.139-$0.0210$0.045$0.255
Shares (weighted, basic)26.4M shares1028.6M shares529.7M shares5
Shares (weighted, diluted)26.4M shares1028.7M shares529.8M shares5

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Corporate structure

Superior Drilling Products, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Superior Drilling Products, Inc.

  • Star Equity Fund, LP Filed SC 13D/A on Superior Drilling Products, Inc., latest Jul 8, 2024 (9 filings since May 9, 2022)
  • G. Troy Meier Filed SC 13D/A on Superior Drilling Products, Inc., latest Mar 7, 2024
  • Lind Global Fund II LP Filed SC 13G/A on Superior Drilling Products, Inc., latest Feb 11, 2022 (2 filings since Oct 19, 2021)
  • Superior Drilling Products, Inc. Salt Lake City, Utah, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Superior Drilling Products, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$880.4K5 Dec 31, 2023$880.4K5 Dec 31, 20220%
Machinery and equipment$16.5M5 Dec 31, 2023$14.5M5 Dec 31, 2022+13.2%
Furniture and fixtures$278.2K5 Dec 31, 2023$628.4K5 Dec 31, 2022−55.7%
Leasehold improvements$946.2K5 Dec 31, 2023$755.0K5 Dec 31, 2022+25.3%
Property and equipment, before depreciation$23.2M5 Dec 31, 2023$21.8M5 Dec 31, 2022+6.1%
Accumulated depreciation$11.9M5 Dec 31, 2023$13.3M5 Dec 31, 2022−10.1%
Property and equipment, net$11.2M5 Dec 31, 2023$8.6M5 Dec 31, 2022+31.1%
Operating-lease assets (leased space)$451.1K5 Dec 31, 2023$638.1K5 Dec 31, 2022−29.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$2.7M5 Dec 31, 2023$2.2M5 Dec 31, 2022+23.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$69.4K10 Dec 31, 2022$236.1K10 Dec 31, 2021−70.6%
Finite-lived intangibles, gross$14.9M5 Dec 31, 2023$14.9M5 Dec 31, 20220%
Accumulated amortization$14.9M5 Dec 31, 2023$14.8M5 Dec 31, 2022+0.5%
Finite-lived intangibles, net$69.4K5 Dec 31, 2022$236.1K10 Dec 31, 2021−70.6%

Inventory

ItemLatestA year beforeChange
Inventory, total$2.7M5 Dec 31, 2023$2.1M5 Dec 31, 2022+30.0%
Raw materials$1.8M5 Dec 31, 2023$1.3M5 Dec 31, 2022+37.6%
Work in process$728.8K5 Dec 31, 2023$168.2K5 Dec 31, 2022+333.3%
Finished goods$141.8K5 Dec 31, 2023$578.4K5 Dec 31, 2022−75.5%

Leadership

Who has led Superior Drilling Products, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. G. Troy Meier2014–2024

Chair

  1. G. Troy Meier2014

President

  1. Annette Meier2014–2024

Chief financial officer

  1. Christopher Cashion2014–2024

Chief operating officer

  1. Annette Meier2014–2016
201520202025
Board members and other officers (9)

Former names

  • SD Co IncFeb 27, 2014 to May 6, 20143

Timeline

  1. Jul 30, 20248-K Shareholder vote; Other events25
  2. Jul 25, 20248-K Regulation FD disclosure26
  3. May 14, 20248-K Results of operations27
  4. Apr 1, 20248-K Entered a material agreement28
  5. Mar 7, 20248-K Entered a material agreement; Other events29
  6. Mar 7, 20248-K Results of operations30
  7. Nov 9, 20238-K Results of operations31
  8. Aug 14, 20238-K Results of operations32
  9. Aug 11, 20238-K Shareholder vote33
  10. Aug 2, 20238-K Entered a material agreement; Ended a material agreement; New debt or obligation34
  11. May 22, 20238-K Other events35
  12. May 15, 20238-K Results of operations36
  13. Jul 1, 2014New chief executive G. Troy Meier becomes CEO15

Calendar

When it reported results

  1. May 14, 2024Reported quarterly or annual results27
  2. Mar 7, 2024Reported quarterly or annual results30
  3. Nov 9, 2023Reported quarterly or annual results31
  4. Aug 14, 2023Reported quarterly or annual results32
  5. May 15, 2023Reported quarterly or annual results36
  6. Mar 10, 2023Reported quarterly or annual results37
  7. Feb 17, 2023Reported quarterly or annual results38
  8. Nov 14, 2022Reported quarterly or annual results39

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

120 filings to the SEC since October 2021: 3 annual reports, 8 quarterly reports, 29 major events, 37 insider forms, 12 large holders, 31 other. The latest 20:

  1. Aug 6, 2024EFFECT EDGAR
  2. Aug 6, 2024EFFECT EDGAR
  3. Aug 1, 20244 EDGAR
  4. Aug 1, 20244 EDGAR
  5. Aug 1, 20244 EDGAR
  6. Aug 1, 20244 EDGAR
  7. Aug 1, 20244 EDGAR
  8. Aug 1, 20244 EDGAR
  9. Aug 1, 2024S-8 POS EDGAR
  10. Aug 1, 2024S-8 POS EDGAR
  11. Aug 1, 2024S-8 POS EDGAR
  12. Aug 1, 2024S-8 POS EDGAR
  13. Aug 1, 2024POS AM EDGAR
  14. Aug 1, 2024POS AM EDGAR
  15. Aug 1, 2024SC 13E3/A EDGAR
  16. Jul 30, 20248-K EDGAR
  17. Jul 25, 2024425 EDGAR
  18. Jul 25, 20248-K EDGAR
  19. Jul 22, 2024DEFA14A EDGAR
  20. Jul 8, 2024SC 13D/A EDGAR

The 120 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

46 open-market trades by officers, directors and large owners since October 2021: 33 buys and 13 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 14, 2024Eberwein Jeffrey E.10% ownerSale17,706$1.23$21.8KForm 4
May 13, 2024Eberwein Jeffrey E.10% ownerSale16,618$1.25$20.8KForm 4
May 10, 2024Eberwein Jeffrey E.10% ownerSale5,676$1.25$7.1KForm 4
Aug 11, 2023Star Value Investments, LLC10% ownerSale8,096$1.34$10.8KForm 4
Aug 9, 2023Star Investment Management LLC10% ownerSale2,483$1.35$3.4KForm 4
Aug 8, 2023Star Investment Management LLC10% ownerSale40,307$1.34$54.0KForm 4
Aug 7, 2023Star Investment Management LLC10% ownerSale4,893$1.39$6.8KForm 4
Aug 2, 2023Star Value Investments, LLC10% ownerSale3,511$1.34$4.7KForm 4
Aug 1, 2023STAR EQUITY HOLDINGS, INC.10% ownerSale4,984$1.39$6.9KForm 4
Jul 31, 2023STAR EQUITY HOLDINGS, INC.10% ownerSale27,454$1.40$38.4KForm 4
Jul 28, 2023STAR EQUITY HOLDINGS, INC.10% ownerSale20,780$1.41$29.3KForm 4
Jul 25, 2023Star Equity Fund, LP10% ownerSale32,561$1.40$45.6KForm 4
Jul 24, 2023Star Equity Fund, LP10% ownerBuy139,165$1.31$182.3KForm 4
Jul 24, 2023Star Equity Fund, LP10% ownerSale404,825$1.82$736.8KForm 4
May 18, 2023STAR EQUITY HOLDINGS, INC.10% ownerBuy2,800$0.96$2.7KForm 4
May 17, 2023Star Investment Management LLC10% ownerBuy927$0.98$908Form 4
May 16, 2023Star Investment Management LLC10% ownerBuy80$0.98$78Form 4
May 15, 2023Star Investment Management LLC10% ownerBuy21,059$0.97$20.4KForm 4
May 12, 2023Star Value, LLC10% ownerBuy400$0.98$392Form 4
May 11, 2023Star Value, LLC10% ownerBuy7,133$0.98$7.0KForm 4

All 46 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Superior Drilling Products, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSuperior Drilling Products, Inc.1
  • CIK0001600422
  • Employer ID (EIN)46-43416051
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inUtah1
  • Fiscal year endsDecember 311
  • Industry code (SIC)3533 Oil & Gas Field Machinery & Equipment1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address1583 South 1700 East, Vernal, UT 840781
  • Phone435-789-05941
  • Shares outstanding30,391,244 as of May 14, 202413
  • Public float$13.3M as of Jun 30, 20235
  • On EDGAR sinceFeb 27, 20141
  • Filings491 in all: 4 (140), 8-K (127), 10-Q (30), SC 13D/A (27), CORRESP (24), 3 (13), UPLOAD (13), 10-K (10)1
    All 42 form types

    S-1/A (10), 3/A (9), DEF 14A (9), EFFECT (7), SC 13D (7), 4/A (6), SC 13G/A (6), 425 (5), S-8 (4), S-8 POS (4), 10-K/A (3), CT ORDER (3), S-1 (3), S-3 (3), SC 13G (3), 10-Q/A (2), 424B4 (2), DEFA14A (2), NT 10-Q (2), POS AM (2), SC 13E3/A (2), 25-NSE (1), 424B3 (1), 424B5 (1), 8-A12B (1), 8-K/A (1), ARS (1), CERTNYS (1), DEFM14A (1), DRS (1), DRSLTR (1), PRE 14A (1), RW (1), SC 13E3 (1)

  • Latest filingsAnnual report (10-K) Mar 15, 2024
    Quarterly report (10-Q) May 15, 2024
    Proxy statement (DEF 14A) Jun 30, 2023
    Latest 8-K (8-K) Jul 30, 2024

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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