Last $1.49 USD
Change Today +0.037 / 2.55%
Volume 4.6K
DPDW On Other Exchanges
Symbol
Exchange
OTC US
Stuttgart
As of 8:10 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

deep down inc (DPDW) Snapshot

Open
$1.47
Previous Close
$1.45
Day High
$1.49
Day Low
$1.47
52 Week High
09/9/13 - $2.70
52 Week Low
08/18/14 - $1.42
Market Cap
22.5M
Average Volume 10 Days
18.5K
EPS TTM
$-0.17
Shares Outstanding
15.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for DEEP DOWN INC (DPDW)

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deep down inc (DPDW) Details

Deep Down, Inc., an oilfield services company, provides specialized services to the offshore energy industry to support deepwater and ultra-deepwater exploration, development, and production of oil and gas, and other maritime operations in the United States. It offers engineering and management services, including the design, installation, and retrieval of subsea equipment and systems; connection and termination operations services; well-commissioning services; and construction support and remote operated vehicles (ROV) operations support services. The company also provides project management and engineering; spooling; testing and commissioning; storage management; ROV and ROV tooling services comprising platform inspection, platform installation and abandonment, search and recovery, salvage, subsea sampling and intervention, telecommunication cable inspection, anchor handling, ROV consulting and project management, ROV pilots and technicians, and underwater cinematography services; and recovered subsea distribution assets refurbishment and repurposing services, as well as offers support for offshore interventions. In addition, it offers installation support equipment, and component parts and assemblies for subsea distribution systems, including flying leads, umbilical hardware, installation aids, riser isolation valves and subsea isolation valves, and installation aids services, as well as buoyancy and non-helical umbilical products. The company serves oil and gas companies, subsea equipment manufacturers, subsea equipment installation contractors, offshore drilling contractors, engineering and construction companies, and other companies involved in maritime operations. Deep Down, Inc. was founded in 1997 and is headquartered in Houston, Texas.

84 Employees
Last Reported Date: 03/28/14
Founded in 1997

deep down inc (DPDW) Top Compensated Officers

Co-Founder, Chief Executive Officer, Presiden...
Total Annual Compensation: $412.1K
Executive Chairman and Chief Financial Office...
Total Annual Compensation: $362.4K
Principal Accounting Officer and Corporate Co...
Total Annual Compensation: $184.4K
Compensation as of Fiscal Year 2013.

deep down inc (DPDW) Key Developments

Deep Down, Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third, Fourth Quarter and Remainder of 2014

Deep Down, Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2014. Net loss for the second quarter ended June 30, 2014 was $1,180,000, or $0.08 per basic and diluted share, compared to income of $1,022,000, or $0.10 per basic and diluted share a year ago. Revenues were $5.85 million, compared to $9.2 million a year ago. Operating loss was $1,130,000, compared to income of $1,121,000 a year ago. Loss before income taxes was $1,198,000 against income of $1,071,000 a year ago. Modified LBITDA was $0.3 million for the second quarter of 2014 against modified EBITDA of $1.75 million for the second quarter of 2013. The $2.0 million decrease in Modified EBITDA was due to a $1.8 million decrease in gross profit before depreciation due to reasons previously discussed, and a $0.2 million increase in SG&A before Panama exit costs and share-based compensation expense, also due to reasons previously discussed. Net income for the six months ended June 30, 2014 was $808,000, or $0.05 per basic and diluted share, compared to income of $1,246,000, or $0.12 per basic and diluted share a year ago. Revenues were $12.010 million, compared to $15.314 million a year ago. Operating loss was $1,061,000, compared to income of $1,392,000 a year ago. Loss before income taxes was $817,000 against income of $1,316,000 a year ago. Cash provided by operating activities was $1.3 million against net cash used in operating activities of $0.9 million a year ago. Modified EBITDA was $0.73 million against $2.45 million a year ago. The company is hopeful that as these delays abate, the effect of completing these projects for customers will have a positive effect on the third and fourth quarters of 2014. The company expects to generate cash from operations, the company believes that will have adequate liquidity to meet future operating requirements. The company is poised to generate excellent financial results for the remainder of 2014.

Deep Down, Inc. to Report Q2, 2014 Results on Aug 14, 2014

Deep Down, Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 14, 2014

Deep Down, Inc., Q2 2014 Earnings Call, Aug 15, 2014

Deep Down, Inc., Q2 2014 Earnings Call, Aug 15, 2014

 

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