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Last $0.70 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

deep down inc (DPDW) Snapshot

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52 Week High
04/28/14 - $2.09
52 Week Low
12/23/14 - $0.61
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deep down inc (DPDW) Details

Deep Down, Inc., an oilfield services company, provides specialized services to the offshore energy industry to support deepwater and ultra-deepwater exploration, development, and production of oil and gas, and other maritime operations in the United States. The company offers engineering and management services, including the design, installation, and retrieval of subsea equipment and systems; connection and termination operations services; well-commissioning services; and construction support and remote operated vehicles (ROV) operations support services. It also provides project management and engineering; spooling; testing and commissioning; storage management; ROV and ROV tooling services comprising platform inspection, platform installation and abandonment, search and recovery, salvage, subsea sampling and intervention, telecommunication cable inspection, anchor handling, ROV consulting and project management, ROV pilots and technicians, and underwater cinematography services; and recovered subsea distribution assets refurbishment and repurposing services, as well as offers support for offshore interventions. In addition, the company offers installation support equipment, and component parts and assemblies for subsea distribution systems, including flying leads, umbilical hardware, installation aids, riser isolation valves and subsea isolation valves, and installation aids services, as well as buoyancy and non-helical umbilical products. It serves oil and gas companies, subsea equipment manufacturers, subsea equipment installation contractors, offshore drilling contractors, engineering and construction companies, and other companies involved in maritime operations. Deep Down, Inc. was founded in 1997 and is headquartered in Houston, Texas.

90 Employees
Last Reported Date: 03/31/15
Founded in 1997

deep down inc (DPDW) Top Compensated Officers

Co-Founder, Chief Executive Officer, Presiden...
Total Annual Compensation: $412.1K
Executive Chairman and Chief Financial Office...
Total Annual Compensation: $362.4K
Corporate Controller
Total Annual Compensation: $184.4K
Compensation as of Fiscal Year 2013.

deep down inc (DPDW) Key Developments

Deep Down, Inc. Receives Contract for Deepwater Work in the Gulf of Mexico from Super Major Operators

Deep Down, Inc. announced that it has been awarded several contracts for deepwater work in the Gulf of Mexico from Super Major Operators. The work will be completed over the next 12 months and includes a combination of engineering and fabrication of different SSIV systems, supply of Deep Down's patented NHU umbilical, and variety of installation services and equipment.

Deep Down, Inc. Reports Earnings Results for the Year Ended December 31, 2014

Deep Down, Inc. reported earnings results for the year ended December 31, 2014. Revenues were $28,630,000 against $29,593,000 a year ago. Revenue decrease is primarily the result of customer delays in certain projects caused by the recent drop in oil prices. Operating loss was $5,935,000 against $213,000 a year ago. Loss before income taxes was $5,793,000 against $613,000 a year ago. Net loss was $5,803,000 against $595,000 a year ago. Net loss per share, basic and diluted was $0.38 against $0.05 a year ago. Net cash used in operating activities was $145,000 against $1,438,000 a year ago. Modified EBITDA was $2,013,000 against $3,418,000 a year ago.

Deep Down, Inc. to Report Fiscal Year 2014 Results on Apr 01, 2015

Deep Down, Inc. announced that they will report fiscal year 2014 results at 2:15 PM, GMT Standard Time on Apr 01, 2015


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