HOUSTON, May 09, 2019 (GLOBE NEWSWIRE) -- Deep Down, Inc. (OTCQX: DPDW), a specialist in deepwater oil and gas production and distribution equipment and services, announced today it will report its first quarter results ended March 31, 2019 (Q1'19), after the market’s close on Monday, May 13 and host an investor conference call on Tuesday, May 14 at 10:00 am ET (details below).
President and CEO Ron Smith and CFO Charles Njuguna will review Deep Down’s first quarter 2019 performance and discuss its outlook for the remainder of 2019.
| Call Dial-in: | 877-303-6187 or 678-894-3073 for international callers |
| Webcast/Replay URL: | Deep Down Webcast or https://edge.media-server.com/m6/p/vqe6dmp2 |
| Call Replay: | 855-859-2056 or (404) 537-3406 for international callers – Call ID: 7697355 |
| Available through 05/21/2019 |
Deep Down at a Glance:
| Share Price†: | $0.86 | Cash and Short-term investments*: | $3.05M |
| 52-Week Range: | $0.67 - $1.00 | Book Value*: | $17.3M |
| Shares Out (4/12/19): | 13.5M | Price / Book Value†: | 0.67x |
| Market Cap†: | $11.61M | Price/ TTM Revenue: | 0.54x |
| * As of 12/31/18 | TTM Revenue*: | $16.18M | |
| † At 05/09/19 |
About Deep Down, Inc. (www.deepdowninc.com)
Deep Down focuses on complex deepwater and ultra-deepwater oil and gas production distribution system technologies and support services, connecting the platform and the wellhead. Deep Down's proven services and technological solutions include distribution system installation support and engineering services, umbilical terminations, loose-tube steel flying leads, installation buoyancy, remotely operated vehicles 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.
Forward-Looking Statements Any forward-looking statements in the preceding paragraphs of this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties in that actual results may differ materially from those projected in the forward-looking statements. In the course of operations, we are subject to certain risk factors, competition and competitive pressures, sensitivity to general economic and industrial conditions, international political and economic risks, availability and price of raw materials and execution of business strategy. For further information, please refer to the Company's filings with the Securities and Exchange Commission, copies of which are available from the Company without charge.
Investor Relations:
Catalyst IR
Chris Eddy or Tanya Kamatu
212-924-9800
dpdw@catalyst-ir.com