Welcome to our dedicated page for DPDW news (Ticker: DPDW), a resource for investors and traders seeking the latest updates and insights on DPDW stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect DPDW's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of DPDW's position in the market.
Deep Down, Inc. (OTCQB: DPDW) will present virtually at the LD Micro Invitational XI event on June 10, 2021, at 10:00 AM ET. CEO Charles Njuguna will lead the presentation. The LD Micro Invitational occurs from June 8-10, 2021, featuring around 180 companies with 25-minute presentations each day, from 10:00 AM to 6:00 PM ET. This event is hosted on the Sequire Virtual Events platform. Interested viewers can register to watch the presentation here.
Deep Down, Inc. (DPDW) announced its Q1 2021 results, highlighting a 12% revenue increase to $3.9 million compared to the previous quarter, supported by easing travel restrictions. Gross profit improved to $1.7 million, representing a gross margin of 44%. Net income reached $0.1 million, consistent with Q4 2020, reversing a loss from Q1 2020. Total working capital stood at $5.2 million with cash reserves of $4.7 million. CEO Charles Njuguna expressed optimism for ongoing recovery in market conditions, driven by increased service demand and efficient cost management.
Deep Down, Inc. (OTCQB: DPDW) announces an upcoming investor conference call to discuss its first quarter 2021 results. The call is scheduled for May 11, 2021, at 10:00 am Eastern Time, with results set to be released on May 10, 2021, after market close. Investors can access the call via a toll-free number or through a webcast link provided in the release. The company specializes in deepwater oil and gas production, offering various technological solutions and support services.
Deep Down, Inc. (OTCQB: DPDW) reported its financial results for the year ended December 31, 2020, revealing a 31% revenue decline to $13.0 million due to challenges from the COVID-19 pandemic. Despite this, Q4 2020 revenues rose 19% year-over-year to $3.5 million. The company achieved a net profit of $0.1 million in Q4 2020, reversing a loss of $2.5 million in Q4 2019. However, the full-year net loss was $6.1 million. The company noted a 30% reduction in operating expenses and maintained a cash position of $3.7 million, positioning itself for potential recovery.
Deep Down, Inc. (OTCQB: DPDW) has secured a contract valued at $1.5 to $2 million for the rental of its 3,500 metric ton carousel and associated umbilical spooling services. The project involves mounting the carousel on a customer-provided barge, transporting it, and spooling umbilicals for a completion date by the end of Q3 2021. CEO Charles Njuguna expressed optimism regarding the project, emphasizing the company’s innovative approach within the current market environment.
FAQ
What is the market cap of DPDW (DPDW)?
