← Drilling Tools International Corp
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Net income (loss) | — | — | $1.0m |
$14.7m
+1352.00%
|
$3.0m
-79.56%
|
($3.8m)
-224.78%
|
— | |
| Profit or Loss | — | ($4.9m) | ($6.1m) | ($44k) | ($9.1m) | ($49.2m) | — | |
| Net loss for the period | ($3.5m) | ($2.1m) | — | — | — | — | — | |
| Depreciation and amortization | — | — | $19.7m | $20.4m | $23.8m | $27.3m | $27.6m | |
| Amortization of deferred financing costs | — | — | $94k | $139k | $313k | $349k | — | |
| Depreciation Expense | $239k | $32k | $145k | $176k | $87k | $65k | $27.6m | |
| Depreciation Amortization Depletion | — | — | $19.7m | $20.4m | $23.8m | $27.3m | $27.6m | |
| Deferred tax expense/(benefit) | — | — | $1.1m | $3.4m | ($778k) | ($539k) | — | |
| Deferred Income Tax Expense | — | — | — | $1.9m | $2.4m | ($3.5m) | $32k | |
| Deferred Income Tax | — | — | $1.1m | $3.4m | ($778k) | ($539k) | $32k | |
| Stock-based compensation expense | $411k | $336k | $0 | $4.0m | $2.1m | $2.5m | $2.9m | |
| Goodwill impairment | — | — | — | — | $0 | $1.9m | $823k | |
| Loss on impairment of O&G assets | — | — | — | — | $9.9m | $54.5m | — | |
| Loss on impairment of exploration and evaluation assets | — | — | $3.1m | — | — | — | — | |
| Loss on impairment of assets held for sale | — | — | — | $1.6m | — | — | — | |
| Asset Impairment Charge | — | — | $307k | $117k | $0 | $3.4m | $823k | |
| Change In Working Capital | — | — | ($14.4m) | ($8.1m) | ($17.6m) | ($3.9m) | ($10.5m) | |
| Accounts receivable, net | ($235k) | ($470k) | ($9.3m) | ($1.0m) | ($4.0m) | $4.0m | ($2.6m) | |
| Loss on write-off of notes and other receivables | — | — | $46k | — | $15k | $101k | — | |
| Change In Receivables | — | — | ($9.3m) | ($1.0m) | ($4.0m) | $4.0m | ($2.6m) | |
| Changes In Account Receivables | — | — | ($9.3m) | ($1.0m) | ($4.0m) | $4.0m | ($2.6m) | |
| Write off of excess and obsolete inventory | — | — | $45k | $75k | $0 | $797k | — | |
| Inventories | — | — | ($906k) | ($1.7m) | ($4.3m) | $953k | ($1.1m) | |
| Change In Inventory | — | — | ($906k) | ($1.7m) | ($4.3m) | $953k | ($1.1m) | |
| Accounts payable | — | — | ($1.4m) | ($1.6m) | ($78k) | ($4.8m) | $2.7m | |
| Accounts payable and accrued liabilities | $565k | ($19k) | $11.7m | ($346k) | $3.1m | $5.9m | $2.7m | |
| Accounts payable and debt settled by issuance of shares | $355k | $199k | — | — | — | — | $2.7m | |
| Change In Payables And Accrued Expense | — | — | $3.4m | ($969k) | ($5.3m) | ($6.0m) | $2.7m | |
| Accrued expenses and other current liabilities | — | — | $4.8m | $583k | ($5.2m) | ($1.2m) | — | |
| Accretion and accrued interest expense | — | $192k | $26k | $1.4m | $1.2m | $2.5m | — | |
| Accrued interest | $80k | $49k | — | — | — | — | — | |
| Change In Accrued Expense | — | — | $4.8m | $583k | ($5.2m) | ($1.2m) | ($2.6m) | |
| Prepaid expenses and other current assets | $6k | ($71k) | ($3.5m) | $519k | $874k | $2.0m | — | |
| Other Operating Expense | $377k | $416k | — | — | — | — | — | |
| Change In Other Current Liabilities | — | — | ($4.2m) | ($4.4m) | ($4.8m) | ($4.9m) | ($5.1m) | |
| Net cash flows from operating activities | ($1.7m) |
($1.9m)
-14.11%
|
($1.7m)
+11.48%
|
$23.3m
+1499.53%
|
$6.1m
-74.04%
|
$19.9m
+228.87%
|
$9.8m
-50.66%
|
|
| Net cash provided by (used in) operating activities | ($1.7m) |
($1.9m)
-13.26%
|
$7.0m
+476.13%
|
($1.5m)
-121.71%
|
($5.7m)
-273.07%
|
$1.2m
+121.84%
|
$9.8m
+690.22%
|
|
| Write off of property and equipment | ($74k) | ($181k) | $510k | $122k | $0 | $720k | — | |
| Loss (gain) on sale of property | — | — | ($127k) | ($101k) | ($60k) | $59k | — | |
| Gain on sale of lost-in-hole equipment | — | — | — | — | ($10.0m) | ($11.6m) | — | |
| Proceeds from sale of property and equipment | $74k | $181k | $1.0m | $202k | $79k | $38k | — | |
| Purchase of property, plant and equipment | — | — | ($24.7m) | ($43.8m) | ($22.9m) | ($20.1m) | — | |
| Proceeds from sale of lost-in-hole equipment | — | — | $21.1m | $19.7m | $15.3m | $14.2m | — | |
| Loss (gain) on sale of oil and gas properties and equipment | — | — | — | ($20k) | $466k | ($74k) | — | |
| Property and equipment expenditures | ($74k) | ($181k) | ($697k) | ($60k) | ($15k) | ($13k) | — | |
| Disposal of equipment and assets held for sale | — | $65k | $65k | — | $1.3m | $21k | — | |
| Gain on disposal of equipment | — | ($40k) | — | ($20k) | — | — | — | |
| Net cash flows from investing activities | ($79k) | ($182k) | ($1.5m) | ($23.9m) | ($53.6m) | ($13.3m) | — | |
| Net cash (used in) provided by investing activities | — | ($182k) | ($37.4m) | ($18.8m) | $777k | ($791k) | — | |
| (Gain) loss on debt modification and settlement for shares | — | — | — | $8k | $264k | ($578k) | — | |
| Proceeds from Debt Issuance | $84k | $526k | $199k | $5.0m | $2.4m | $1.3m | — | |
| Proceeds from convertible debt | — | — | — | $10.4m | — | — | — | |
| Interest paid on convertible debt | — | $30k | $106k | $795k | $1.3m | $281k | — | |
| Stock issued for debt settlement | — | $352k | $391k | $212k | $1.5m | $401k | — | |
| (Gain) loss on debt settlement | $22k | $159k | ($97k) | $8k | $264k | — | — | |
| Stock issued for debt conversion | — | $523k | — | — | — | — | — | |
| (Gain) loss on debt extinguishment | — | $159k | ($97k) | — | — | — | — | |
| Warrants exercised to settle debt | — | $194k | — | — | — | — | — | |
| Warrants issued to settle debt | — | $153k | — | — | — | — | — | |
| Issuance Of Debt | — | — | $108.6m | $96.2m | $63.6m | $53.3m | $89.1m | |
| Long Term Debt Issuance | — | — | $108.6m | $96.2m | $63.6m | $53.3m | $89.1m | |
| Long Term Debt Payments | — | — | ($117.7m) | ($91.4m) | ($15.0m) | ($61.4m) | ($64.1m) | |
| Net Issuance Payments Of Debt | — | — | ($9.1m) | $4.8m | $48.6m | ($8.0m) | ($2.4m) | |
| Net Long Term Debt Issuance | — | — | ($9.1m) | $4.8m | $48.6m | ($8.0m) | ($10.7m) | |
| Net Short Term Debt Issuance | — | ($842k) | ($8.1m) | ($18.3m) | — | — | — | |
| Repayment Of Debt | — | — | ($117.7m) | ($91.4m) | ($15.0m) | ($61.4m) | ($64.1m) | |
| Short Term Debt Issuance | — | — | $108.6m | $73.0m | — | — | — | |
| Short Term Debt Payments | — | ($842k) | ($116.7m) | ($91.4m) | — | — | — | |
| Common Stock Payments | — | — | — | — | $0 | ($1.3m) | ($1.4m) | |
| Net Common Stock Issuance | — | — | — | — | $0 | ($1.3m) | ($1.4m) | |
| Repurchase Of Capital Stock | — | — | $0 | ($194k) | $0 | ($1.3m) | ($1.4m) | |
| Cash Dividends Paid | — | $0 | $0 | — | — | — | — | |
| Net Other Financing Charges | — | — | ($251k) | ($324k) | ($722k) | $12k | $12k | |
| Net cash flows from financing activities | $1.0m |
$2.7m
+158.90%
|
$2.1m
-22.70%
|
$4.3m
+108.63%
|
$47.9m
+1014.90%
|
($9.3m)
-119.42%
|
— | |
| Net Cash from Financing Activities | — | $191k |
$571k
+198.94%
|
$543k
-4.94%
|
$2k
-99.59%
|
— | — | |
| Net cash (used in) provided by financing activities | — | $2.7m |
$30.1m
+1034.00%
|
$20.6m
-31.64%
|
$3.7m
-81.91%
|
($548k)
-114.72%
|
— | |
| Net (decrease) increase in cash and cash equivalents | — | $824k | ($101k) | $262k | ($589k) | ($169k) | — | |
| Cash at Beginning of Period | $960k | $214k | $2.4m | $6.0m | $6.2m | $3.6m | — | |
| Cash and cash equivalents, beginning of year | $203k | $1.0m | $1.0m | $926k | $1.2m | $599k | — | |
| Beginning Cash Position | — | — | $52k | $2.4m | $6.0m | $6.2m | $1.1m | |
| Restricted cash | — | $6k | $5k | — | — | — | — | |
| Effect of Changes in Foreign Exchange Rate | ($45k) | $220k | $173k | ($114k) | ($175k) | $108k | — | |
| Effect Of Exchange Rate Changes | — | — | $173k | ($114k) | ($175k) | $108k | $134k | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Non-cash lease expense | — | — | $4.1m | $4.5m | $5.1m | $5.5m | — | |
| Unrealized loss on currency remeasurement | — | — | — | $0 | $225k | $194k | — | |
| Provision (recovery) for credit losses | $54k | — | $307k | $117k | $424k | $584k | — | |
| Realized loss on equity securities | — | — | — | $0 | $12k | $0 | — | |
| Unrealized (gain) loss on equity securities | — | — | ($234k) | $255k | ($368k) | $0 | — | |
| Interest Income on related party note receivable | — | — | — | — | ($151k) | ($207k) | — | |
| Operating lease liabilities | ($25k) | ($11k) | ($4.2m) | ($4.4m) | ($4.8m) | ($4.9m) | — | |
| Acquisition of a business, net of cash acquired | — | — | — | $0 | ($47.3m) | ($5.6m) | — | |
| Proceeds from sale of equity securities | — | — | — | $0 | $1.2m | $0 | — | |
| Purchases of intangible assets | — | — | — | $0 | ($12k) | ($1.7m) | — | |
| Investment from non-controlling interest into VIE | — | — | — | — | $0 | $12k | — | |
| Purchase of treasury stock | — | — | — | — | $0 | ($1.3m) | — | |
| Payment of deferred financing costs | — | — | ($251k) | ($324k) | ($722k) | $0 | — | |
| Proceeds from revolving line of credit | — | — | $108.6m | $73.0m | $38.6m | $53.3m | — | |
| Payments on revolving line of credit | — | — | ($116.7m) | ($91.4m) | ($11.5m) | ($55.5m) | — | |
| Repayment of promissory note | — | — | — | — | $0 | ($903k) | — | |
| Proceeds from term loan | — | — | — | $0 | $25.0m | $0 | — | |
| Payments on term loan | — | — | ($1.0m) | $0 | ($3.5m) | ($5.0m) | — | |
| Net Change in Cash | ($745k) | $220k | ($1.2m) | $3.7m | $182k | ($2.5m) | — | |
| Stock issued for services | $114k | $766k | $169k | $90k | $252k | $122k | — | |
| Depletion | — | $416k | $1.5m | $5.1m | $1.3m | $140k | — | |
| Accretion of asset retirement obligation | — | $92k | $264k | $220k | $269k | $269k | — | |
| Interest income | — | ($18k) | ($55k) | ($19k) | ($2k) | ($18k) | — | |
| Change in fair value of derivative liability | $200k | $1.6m | $687k | ($5k) | — | — | — | |
| Unrealized foreign exchange (gain) loss | $2k | $51k | ($33k) | $4.3m | $1.2m | $2.9m | — | |
| Loss on issuance of shares | — | — | — | $17k | $5k | — | — | |
| Loss on sale and revaluation of assets held for sale | — | — | — | $1.6m | $133k | $329k | — | |
| Gain on net monetary position | — | — | ($1.8m) | ($19.0m) | ($18.4m) | ($12.8m) | — | |
| Gain on modification and termination of lease | — | — | — | ($32k) | ($47k) | ($33k) | — | |
| Amounts receivable | — | ($470k) | ($4.0m) | $1.4m | ($29k) | $405k | — | |
| Prepaid expenses and deposits | — | ($71k) | ($883k) | ($677k) | $273k | $187k | — | |
| Oil and gas properties expenditures | ($5k) | ($66k) | ($44.4m) | ($56.4m) | ($2.1m) | ($722k) | — | |
| Advances from JV Partners | — | — | $6.7m | $29.6m | $1.3m | $379k | — | |
| Proceeds from stock subscriptions received, net | — | $545k | $28.7m | $7.4m | $1.7m | — | — | |
| Repayments of loans payable | — | ($395k) | ($697k) | ($2.7m) | ($358k) | ($1.9m) | — | |
| Repayment of notes receivable | — | $24k | $137k | $81k | — | — | — | |
| Lease payments | — | ($8k) | ($4k) | ($85k) | ($23k) | ($14k) | — | |
| Interest paid on credit facilities | — | $30k | $106k | $795k | $1.4m | $281k | — | |
| Stock issued for convertible debenture interest | — | — | — | — | — | $754k | — | |
| Right-of-use asset additions | — | — | — | $236k | — | — | — | |
| Provision for settlement | — | — | $285k | — | — | — | — | |
| Gain on termination of lease | — | — | — | ($32k) | — | — | — | |
| Gain on modification of lease | — | — | — | — | ($47k) | — | — | |
| Stock issued for prepaid expenses | — | — | $159k | — | — | — | — | |
| Proceeds from Sale of PP&E | — | $65k | $65k | — | — | — | — | |
| Sharebased compensation expenses | — | $336k | $2.1m | — | — | — | $2.9m | |
| Stock Repurchases (Issuances) | $1.0m | $545k | — | — | — | — | — | |
| Proceeds from Stock Issuance | — | $191k | — | — | — | — | — | |
| Proceeds from exercises of warrants | — | $1.8m | — | — | — | — | — | |
| Repayment of loans payable | ($59k) | ($395k) | — | — | — | — | — | |
| Cash and cash equivalents, end of period | $203k | $1.0m | — | — | — | — | — | |
| Restricted cash, end of period | $12k | $5k | — | — | — | — | — | |
| Cash, cash equivalents and restricted cash, end of period | $214k | $1.0m | — | — | — | — | — | |
| Initial recognition of right-of-use asset | $58k | — | — | — | — | — | — | |
| Stock issued for conversion of debentures | — | $602k | — | — | — | — | — | |
| Interest Expense | $15k | $30k | — | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | ($9.3m) | $4.3m | $47.9m | ($9.3m) | ($3.8m) | |
| Cash Flow From Continuing Investing Activities | — | — | ($2.5m) | ($23.9m) | ($53.6m) | ($13.3m) | ($4.8m) | |
| Change In Account Payable | — | — | ($1.4m) | ($1.6m) | ($78k) | ($4.8m) | $2.7m | |
| Change In Cash Supplemental As Reported | — | — | $2.3m | $3.7m | $182k | ($2.5m) | — | |
| Change In Payable | — | — | ($1.4m) | ($1.6m) | ($78k) | ($4.8m) | $2.7m | |
| Change In Prepaid Assets | — | — | ($3.5m) | $23k | $874k | $2.0m | ($1.8m) | |
| Changes In Cash | — | — | $2.1m | $3.8m | $357k | ($2.6m) | $1.2m | |
| End Cash Position | — | — | $2.4m | $6.0m | $6.2m | $3.6m | $2.4m | |
| Financing Cash Flow | — | — | ($9.3m) |
$4.3m
+146.00%
|
$47.9m
+1014.90%
|
($9.3m)
-119.42%
|
($3.8m)
+59.40%
|
|
| Free Cash Flow | — | — | ($10.7m) | ($20.4m) | ($16.8m) | ($1.9m) | ($11.0m) | |
| Gain Loss On Investment Securities | — | ($913k) | ($1.4m) | $4k | $12k | — | $12k | |
| Gain Loss On Sale Of PPE | — | — | ($16.9m) | ($16.8m) | ($10.1m) | ($11.5m) | ($13.4m) | |
| Income Tax Paid Supplemental Data | — | $422k | $723k | $3.0m | $3.0m | — | $4.0m | |
| Investing Cash Flow | — | — | ($2.5m) | ($23.9m) | ($53.6m) | ($13.3m) | ($4.8m) | |
| Net Business Purchase And Sale | — | — | — | $0 | ($47.3m) | ($5.6m) | $0 | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | $0 | $225k | $194k | ($762k) | |
| Net Intangibles Purchase And Sale | — | — | — | $0 | ($12k) | ($1.7m) | ($1.4m) | |
| Net Investment Purchase And Sale | — | — | — | $0 | $1.2m | $0 | $0 | |
| Net PPE Purchase And Sale | — | — | ($2.5m) | ($23.9m) | ($7.6m) | ($6.0m) | ($3.5m) | |
| Net Preferred Stock Issuance | — | — | $0 | ($194k) | $0 | — | $0 | |
| Operating Gains Losses | — | — | ($18.4m) | ($16.3m) | ($9.8m) | ($11.3m) | ($14.2m) | |
| Other Non Cash Items | — | — | $4.3m | $4.7m | $5.3m | $5.7m | — | |
| Preferred Stock Payments | — | — | $0 | ($194k) | $0 | — | $0 | |
| Provisionand Write Offof Assets | — | — | $555k | $314k | $424k | $584k | $469k | |
| Purchase Of Business | — | — | — | $0 | ($47.3m) | ($5.6m) | $0 | |
| Purchase Of Intangibles | — | — | — | $0 | ($12k) | ($1.7m) | ($1.4m) | |
| Purchase Of PPE | — | — | ($24.7m) | ($43.8m) | ($22.9m) | ($20.1m) | ($20.8m) | |
| Sale Of Investment | — | — | — | $0 | $1.2m | $0 | $0 | |
| Sale Of PPE | — | — | $22.2m | $19.9m | $15.3m | $14.2m | $16.0m | |
| Stock Based Compensation | — | — | $0 | $4.0m | $2.1m | $2.5m | $2.9m | |
| Unrealized Gain Loss On Investment Securities | — | — | ($234k) | $255k | ($368k) | $0 | $0 |