Deepwater Oil and Gas Specialist Deep Down Q2’19 Revenue Rose 28% to $5.3M; Hosts Investor Call Friday, August 16, 2019 at 10am ET
DEEP DOWN INCORP (DPDW)
NASDAQ:AMEX Investor Relations:
b2i.us/irpass.asp?bzid=2086&nav=1&s=0&l=1
Company Research
Source: GlobeNewswire
HOUSTON, Aug. 14, 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 second quarter ended June 30, 2019 (Q2’19). Deep Down will hold a conference call on August 16, 2019 at 10:00 am ET to review its results and discuss its outlook for the remainder of 2019 (details below). Deep Down at a Glance Share Price+: $0.75 Cash*: $3.0M52-Week Range: $0.63 - $1.00 Book Value*: $17.1MShares Out (08/13/2019): 13.4M Price / Book Value+: 0.59xMarket Cap+: $10.04M TTM Revenue*: $19.9M * As of 6/30/19 + As of 8/13/19 Ron Smith, CEO, commented, “Despite continued price sensitivities in our industry, Deep Down is finding success in leveraging our technical expertise to assist our customers with complex solutions often related to their efforts to expand or extend the utilization of existing subsea oil and gas production assets. “One example is o
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