Drilling Tools International Corp
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 14, 2024
DTI$1.58+10.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| September 30, | December 31, | |
|---|---|---|
| (In thousands, except share data) | 2024 | 2023 |
| (Unaudited) | (Audited) | |
| ASSETS | ||
| Current assets | ||
| Cash | $11,961 | $6,003 |
| Accounts receivable, net | 33,152 | 29,929 |
| Related party note receivable, current | 1,310 | — |
| Inventories, net | 17,352 | 5,034 |
| Prepaid expenses and other current assets | 4,967 | 4,553 |
| Investments - equity securities, at fair value | — | 888 |
| Total current assets | 68,742 | 46,408 |
| Property, plant and equipment, net | 77,660 | 65,800 |
| Operating lease right-of-use assets | 23,887 | 18,786 |
| Intangible assets, net | 30,866 | 216 |
| Goodwill | 10,970 | — |
| Deferred financing costs, net | 903 | 409 |
| Related party note receivable, noncurrent | 3,740 | — |
| Deposits and other long-term assets | 2,076 | 879 |
| Total assets | $218,844 | $132,498 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Current liabilities | ||
| Accounts payable | $9,054 | $7,751 |
| Accrued expenses and other current liabilities | 12,337 | 10,579 |
| Revolving line of credit | 21,164 | — |
| Current portion of operating lease liabilities | 4,441 | 3,958 |
| Current maturities of long-term debt | 5,000 | — |
| Total current liabilities | 51,996 | 22,288 |
| Operating lease liabilities, less current portion | 19,533 | 14,893 |
| Long-term debt | 17,917 | — |
| Deferred tax liabilities, net | 6,208 | 6,627 |
| Total liabilities | 95,654 | 43,808 |
| Commitments and contingencies (See Note 15) | ||
| Shareholders' equity | ||
| Common stock, $0.0001 par value, shares authorized 500,000,000 as of September 30, 2024 and December 31, 2023, 34,704,696 shares issued and outstanding as of September 30, 2024 and 29,768,568 shares issued and outstanding as of December 31, 2023 | 3 | 3 |
| Additional paid-in-capital | 124,896 | 95,218 |
| Accumulated deficit | (2,238) | (6,306) |
| Accumulated other comprehensive loss | 529 | (225) |
| Total shareholders' equity | 123,190 | 88,690 |
| Total liabilities and shareholders' equity | $218,844 | $132,498 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.