Brief: Superior Drilling Products Sees Q1 2020 Revenue About $5.0 Mln

Superior Drilling Products

09/04/2020 11:52

April 9 (Reuters) - Superior Drilling Products Inc  SDPI.A :
    * SUPERIOR DRILLING PRODUCTS, INC. ADDRESSES COVID-19 IMPACT
ON
BUSINESS AND PROVIDES PRELIMINARY FIRST QUARTER 2020 REVENUE
    * SEES Q1 2020 REVENUE ABOUT $5.0 MILLION
    * EXECUTIVE OFFICERS BASE SALARIES AND DIRECTORS' FEES
REDUCED BY
20%
    * WORKFORCE REDUCED BY 20%
    * SUPERIOR DRILLING - INITIATED CONVERSATION WITH HOLDER OF
HARD
ROCK NOTE REGARDING DELAYING INTO FUTURE PRINCIPAL PAYMENTS DUE
IN JULY, OCTOBER 2020
    * OTHER MANAGEMENT TEAM AND SALARIED WORKFORCE SALARIES
REDUCED BY
5% TO 10%

Source text for Eikon:  ID:nBw9GBYrLa 
Further company coverage:  SDPI.A 

 (Reuters.Briefs@thomsonreuters.com)