HOUSTON, Nov. 05, 2018 (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 third quarter 2018 results after the
market’s close on Wednesday, November 7th and host an investor conference call on Thursday, November 8th at 10:00 am ET (details
below).
President and CEO Ron Smith and CFO Charles Njuguna will review Deep Down’s third quarter 2018 performance and
discuss its outlook for the remainder of 2018.
| Deep Down at a Glance: *as of (06/30/18) |
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| Recent Share Price: |
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$0.87 (at 11/2/18) |
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Cash & Short-term Investments *: |
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$3.45M |
| 52-Week Range: |
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$0.67 - $1.25 |
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Enterprise Value*: |
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$8.57M |
| Market Cap: |
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$11.74M |
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TTM Revenue*: |
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$16.3M |
| Shares Out*: |
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13.49M |
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EV / TTM Revenue* |
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0.53x |
| Book Value*: |
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$21.0M |
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Price / TTM Revenue*: |
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0.72x |
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Price / Book Value*: |
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0.55x |
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; Tanya Kamatu
212-924-9800
dpdw@catalyst-ir.com
