Drilling Tools International Corporation $(DTI)$ has reported its first-quarter results for 2025, showcasing strong performance despite industry headwinds. The company achieved a sequential revenue growth of 7.6% and a 16% increase compared to the same quarter last year. Product Sales revenue reached $8.3 million. DTI reported a Net Loss of approximately $1.7 million for the first quarter, while Adjusted Net Income stood at $0.7 million. The company's Adjusted EBITDA was $10.8 million, and Adjusted Free Cash Flow was $5.7 million. As of March 31, 2025, DTI held $2.8 million in cash and cash equivalents, with a net debt of $52.1 million. In response to market volatility and uncertainty, DTI has updated its full-year outlook for 2025. The company now anticipates revenue between $145 million and $165 million, with Adjusted EBITDA expected to range from $32 million to $42 million. The Adjusted EBITDA Margin is projected to be between 22% and 25%, while Adjusted Free Cash Flow is forecasted to be between $14 million and $19 million. The company has taken measures to cut expenses by approximately $6 million this year and has contingency plans to reduce costs further if necessary. DTI remains committed to maintaining operational agility and identifying cost reduction opportunities to enhance shareholder value.
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