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Deep Down Inc (DPDW)

Deep Down Inc (DPDW)
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Deep Down, Inc. provides products and services to the offshore energy industry to support deepwater exploration, development, and production of oil and gas, and other maritime operations worldwide. Deep Down's proven services and technological solutions include distribution system installation support and engineering services, umbilical terminations, loose-tube steel flying leads, distributed and drill riser buoyancy, ROVs and tooling, marine vessel automation, control, and ballast systems. Deep Down supports subsea engineering, installation, commissioning, and maintenance projects through specialized, highly experienced service teams and engineered technological solutions. The company's primary focus is on more complex deepwater and ultra-deepwater oil production distribution system support services and technologies, used between the platform and the wellhead. Deep Down provides these services through its four subsidiaries.
(Values in U.S. Thousands) Sep, 2022 Jun, 2022 Mar, 2022 Dec, 2021 Sep, 2021
Sales 2,260 3,500 3,600 5,230 3,550
Sales Growth -35.43% -2.78% -31.17% +47.32% -21.63%
Net Income -1,580 180 -260 1,120 330
Net Income Growth -977.77% +169.23% -123.21% +239.39% -54.17%
(Values in U.S. Thousands) Sep, 2022 Jun, 2022 Mar, 2022 Dec, 2021 Sep, 2021
Total Assets 17,880 13,000 13,590 14,730 13,510
Total Assets Growth +37.54% -4.34% -7.74% +9.03% -6.25%
Total Liabilities 9,530 3,070 3,750 4,450 4,360
Total Liabilities Growth +210.42% -18.13% -15.73% +2.06% -22.28%
(Values in U.S. Thousands) Sep, 2022 Jun, 2022 Mar, 2022 Dec, 2021 Sep, 2021
Operating Cash Flow 2,080 780 -480 -1,070 -1,050
Operating Cash Flow Growth +166.67% +262.50% +55.14% -1.90% -64.06%
Net Cash Flow -130 -240 -970 -70 -40
Change in Net Cash Flow +45.83% +75.26% -1,285.71% -75.00% -112.12%
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