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Last Updated: Wednesday, October 9, 2013 8:09:10 PM
Deep Down, Inc. DPDW Current Price and Quotes
Last Price 2.30
Previous Close 2.35 Open 2.35
Daily Range 2.35 - 2.30 52wk Range 2.70 - 1.17
Volume 15,250 Dividend N/A
Average Vol (3m) 21,157 Yield N/A
Deep Down, Inc. DPDW
Company Verified Profile
Company Information
8827 W. Sam Houston Pkwy North
Suite 100
Houston, TX 77040
Website: http://www.deepdowncorp.com
Phone: 281-517-5000
Email: info@deepdowninc.com
Deep Down, Inc. DPDW
Deep Down, Inc. is an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry. Deep Down's services include providing distribution with installation support and engineering services, umbilical terminations, loose-tube steel flying leads, ROVs and related services, and large portable umbilical carousel systems.
Deep Down, Inc. DPDW
Financial Reportings and Disclosures
Reporting Status U.S. Reporting: SEC Filer
Audited Financials Audited
Latest Report Jun 30, 2013 10-Q
CIK 0001110607
Fiscal Year End 12/31
OTC Marketplace OTCQX U.S.
Profile Data
SIC - Industry Classification 3533 - Oil and gas field machinery
Incorporated In: NV, USA
Year of Inc. 2006
Employees 72 a/o Mar 01, 2012
Company Officers/Contacts
Eugene L. Butler CFO, IR
Ronald E. Smith President, CEO
Mary L. Budrunas VP, Admin., Secretary
Ira B. Selya Corporate Controller
Company Directors
Eugene L. Butler Chairman
Ronald E. Smith
Company Notes
Formerly=MediQuip Holdings, Inc. until 12-06
Formerly=True Health, Inc. until 5-06. State of Incorporation Utah changed to Nevada concurrent with name change
Formerly=Borexco, Inc. to 2-86
Service Providers
DAD/PAL
Looper Reed & McGraw, P.C.
1300 Post Oak Blvd
Suite 2000
Houston, TX, 77056
United States
Auditor/Accountant
Hein & Associates, LLP
500 Dallas Street,
Suite 2500
Houston, TX, 77002.
United States
Legal Counsel
Looper Reed & McGraw, P.C.
1300 Post Oak Blvd
Houston, TX, 77056
United States
Investor Relations Firm
Stonegate Capital, Inc.
5950 Sherry Lane
Dallas, TX, 75225
United States
Deep Down, Inc. DPDW
DPDW Security Details
Share Structure
Market Value1 $25,453,954 a/o Oct 08, 2013
Shares Outstanding 10,831,470 a/o Aug 12, 2013
Float 7,827,924 a/o Dec 31, 2012
Authorized Shares 24,500,000 a/o Dec 04, 2012
Par Value 0.001
Shareholders
Shareholders of Record 1,046 a/o Mar 25, 2013
Security Notes
Capital Change=shs decreased by 1 for 10 split. Pay date=10-29-01
Capital Change=shs decreased by 1 for 65 split. Pay date=3-6-03
Capital Change=shs decreased by 1 for 60 split Pay date=04/19/2005.
Capital Change=shs decreased by 1 for 20 split. Ex-date=07/18/2012.
Short Selling Data
Short Interest 17,832 (356.29%)
Sep 30, 2013
Significant Failures to Deliver No
Transfer Agent(s)
Standard Registrar and Transfer Co., Inc.
Deep Down, Inc. DPDW Financials
Period Ending Dec 31, 2012 Dec 31, 2011 Dec 31, 2010 Dec 31, 2009
Total Revenue 29,034 27,441 42,471 28,810
Cost of Revenue 19,741 19,923 28,886 19,888
Gross Profit 9,293 7,518 13,585 8,922
Operating Expenses
Research and Development - - - -
Sales, General and Admin. 8,947 8,379 13,964 14,371
Non-Recurring Items 2,156 - 4,513 5,537
Other 456 667 1,731 6,538
Operating Income (2,266) (1,528) (6,623) (17,524)
Income From Continuing Operations
Add'l Income/Expense Items 198 (481) (9,853) 73
Earnings Before Interest and Tax (2,247) 2,383 (16,730) (17,807)
Interest Expense 155 301 510 -
Earnings Before Tax (2,402) 2,082 (17,240) (17,807)
Income Tax 52 (55) 175 (1,026)
Minority Interest - - - -
Equity Earnings Unconsolidated Subsidiary (179) 4,392 (254) -
Net Income Cont. Operations (2,633) 6,529 (17,669) (16,781)
Non Recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income (2,454) 2,137 (17,415) (16,781)
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders (2,454) 2,137 (17,415) (16,781)
Deep Down, Inc. DPDW Recent News
Sept 12, 2013 Deep Down, Inc. Announces Agreement To Raise $7.4 Million In Private Placement
Aug 13, 2013 Deep Down Announces Second Quarter 2013 Earnings Conference Call And Webcast
Aug 13, 2013 Deep Down Reports Second Quarter 2013 Results
DPDW Deep Down, Inc. Research DD Guide
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