OverviewSuggest Edit

Deep Down, Inc. is an oilfield services company providing subsea solutions for the world's energy and offshore industries. The company's primary focus is on complex deepwater oil production distribution system support services and products used between the platform and the wellhead. Deep Down supports subsea engineering, installation, commissioning, and maintenance projects through specialized service teams and engineered technological solutions.
TypePublic
Founded1997
HQHouston, US
Websitedeepdowninc.com

Latest Updates

Employees (est.) (Apr 2019)58(-1%)
Revenue (FY, 2018)$16.2 M(-16%)
Share Price (Jan 2020)$0.7

Deep Down Office Locations

Deep Down has offices in Houston and Crosby
Houston, US (HQ)
18511 Beaumont Hwy
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Deep Down Financials and Metrics

Deep Down Revenue

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Deep Down's revenue was reported to be $16.18 m in FY, 2018
USD

Revenue (Q3, 2019)

4.4m

Gross profit (Q3, 2019)

2.1m

Gross profit margin (Q3, 2019), %

48.3%

Net income (Q3, 2019)

(373.0k)

EBIT (Q3, 2019)

(361.0k)

Market capitalization (8-Jan-2020)

9.2m

Closing stock price (8-Jan-2020)

0.7

Cash (30-Sept-2019)

1.8m

EV

10.9m
Deep Down's current market capitalization is $9.2 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

27.4m29.0m29.6m24.8m25.4m19.5m16.2m

Revenue growth, %

2%

Cost of goods sold

18.7m18.4m19.5m15.8m15.0m9.9m9.8m

Gross profit

8.7m10.6m10.1m9.0m10.4m9.6m6.4m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

7.1m8.6m4.9m7.9m9.4m6.2m9.2m8.6m6.2m5.8m8.5m6.8m6.8m6.1m4.4m6.0m9.2m5.6m5.4m3.5m3.7m4.1m3.9m6.3m5.3m4.4m

Cost of goods sold

4.9m5.6m2.6m4.7m5.9m3.6m5.3m5.8m3.5m3.8m4.6m4.3m4.1m3.8m2.6m3.7m5.5m2.7m2.4m2.1m2.2m2.2m2.1m3.8m3.0m2.3m

Gross profit

2.2m3.0m2.3m3.2m3.5m2.5m3.9m2.8m2.6m2.1m3.8m2.6m2.6m2.3m1.8m2.2m3.7m3.0m3.0m1.4m1.5m1.9m1.8m2.5m2.2m2.1m

Gross profit Margin, %

31%35%46%40%37%41%42%33%42%35%45%38%39%38%40%37%40%53%56%39%40%46%47%40%43%48%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2015FY, 2016FY, 2017FY, 2018

Cash

5.0m1.5m5.3m4.3m8.2m3.9m2.0m

Accounts Receivable

5.9m7.1m5.0m7.8m4.1m4.4m

Prepaid Expenses

262.0k321.0k274.0k229.0k302.0k621.0k

Inventories

232.0k232.0k254.0k3.1m
USDY, 2019

EV/EBIT

-30.3 x

EV/CFO

-7.1 x

Financial Leverage

1.4 x
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Deep Down Online and Social Media Presence

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Deep Down News and Updates

Deep Down Announces Share Repurchase

HOUSTON, Jan. 24, 2020 (GLOBE NEWSWIRE) -- Deep Down, Inc. (OTCQB: DPDW) ("Deep Down" or the “Company”), a specialist in deep-water oil and gas production equipment and services, today announced that since December 23, 2019 it has repurchased a total of 749,315 shares of its common stock pursuant …

Deep Down Receives Orders for Emergency Repairs to Subsea Oil and Gas Umbilicals

HOUSTON, Jan. 10, 2020 (GLOBE NEWSWIRE) -- Deep Down, Inc. (OTCQB: DPDW), a specialist in subsea oil and gas production control equipment and services, today announced that it has received orders from two independent oil and gas operators for emergency umbilical repairs.  Both projects include des…

Deepwater Oil and Gas Specialist Deep Down Q3 Revenue Rose 12% to $4.4M; Hosts Investor Call Wed. Nov. 13th at 10am ET

HOUSTON, Nov. 12, 2019 (GLOBE NEWSWIRE) -- Deep Down, Inc. (OTCQB: DPDW) (“Deep Down”), a specialist in deepwater oil and gas production and distribution equipment and services, today reported results for its third quarter ended September 30, 2019 (Q3’19). Deep Down will hold a conference call on …

Deep Down Receives Orders Worth Over $2.0M For Custom Offshore Equipment and Services

HOUSTON, Oct. 24, 2019 (GLOBE NEWSWIRE) -- Deep Down, Inc. (OTCQB: DPDW) ("Deep Down"), a specialist in complex deep-water oil and gas distribution equipment and services, today announced that it has received orders exceeding $2.0M from different customers, within one week.

Former TechnipFMC & Siemens Executive, Micah Simmons, Named Chief Operating Officer of Offshore Oil and Gas Services Specialist, Deep Down, Inc.

HOUSTON, Sept. 17, 2019 (GLOBE NEWSWIRE) -- Deep Down, Inc. (OTCQB: DPDW), a specialist in deep water oil and gas production and distribution equipment and services, announced today the appointment of veteran oil and gas industry executive Micah Simmons as Chief Operating Officer, a new role at th…

Offshore Oil and Gas Specialist Deep Down Q1’19 Revenue Rose to $6.3M vs. $3.7M and EPS Improved to $0.02 vs. ($0.06); Hosts Investor Call Tue. May 14 at 10am ET

HOUSTON, May 13, 2019 (GLOBE NEWSWIRE) -- Deep Down, Inc. (OTCQX: DPDW) (“Deep Down”), a specialist in deepwater oil and gas production and distribution equipment and services, today reported results for its first quarter ended March 31, 2019 (Q1’ 19). Deep Down will hold a conference call tomorro…
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Deep Down Frequently Asked Questions

  • When was Deep Down founded?

    Deep Down was founded in 1997.

  • How many employees does Deep Down have?

    Deep Down has 58 employees.

  • What is Deep Down revenue?

    Latest Deep Down annual revenue is $16.2 m.

  • What is Deep Down revenue per employee?

    Latest Deep Down revenue per employee is $278.9 k.

  • Who are Deep Down competitors?

    Competitors of Deep Down include Diversco, Energen and Wartsila.

  • Where is Deep Down headquarters?

    Deep Down headquarters is located at 18511 Beaumont Hwy, Houston.

  • Where are Deep Down offices?

    Deep Down has offices in Houston and Crosby.

  • How many offices does Deep Down have?

    Deep Down has 2 offices.