0.05
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Close of 30 Oct 2026, in USD
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About Integrated Drilling Equipment Holdings
Its shares trade under the ticker IRIG. It has been listed since 21 June 2011. In the fiscal year to 31 December 2014, it reported revenue of $87.3m and a net loss of $866,000. At that date it held total assets of $34.5m and shareholders' equity of −$36.5m.
Integrated Drilling Equipment Holdings Corp. engages in the manufacture of drilling equipment. The company is headquartered in Spring, Texas. The company went IPO on 2011-06-21. The majority of the Company's business is conducted through two operating segments. The Electrical Products and Services segment of the Company designs, manufactures, installs and services rig electrical and control systems, including SCR (silicon controlled rectifier) units and VFD (variable frequency drive) units, as well as electrical cabling, lighting systems, closed circuit video systems, gas and fire detection systems, and communication systems. The Drilling Products and Services segment is a provider of drilling rigs and their components. The firm designs, manufactures and services complete land-based drilling rigs, as well as rig subsystems and parts. The company also provides drilling rig services.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Energy
- Industry
- Energy Equipment & Services
- Listed since
- 21 Jun 2011
- Employees
- 270
- Website
- ide-rig.com ↗
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Integrated Drilling Equipment Holdings Corp possesses several key strengths that contribute to its competitive advantage:
- The company has a strong track record of developing and implementing advanced drilling equipment technologies, enabling it to deliver innovative and efficient solutions.
- Integrated Drilling Equipment Holdings Corp has established a robust market presence, with a dedicated customer base and a solid reputation for reliable and high-quality products.
- The company offers a diverse portfolio of drilling equipment that meets the varied needs of its customers, allowing it to cater to a wide range of drilling applications.
Weaknesses
- Despite its strengths, Integrated Drilling Equipment Holdings Corp faces certain weaknesses that challenge its growth and performance:
- As the company primarily serves the oil and gas industry, its financial performance is heavily influenced by fluctuations in oil prices. Low oil prices can lead to reduced demand and revenue for drilling equipment.
- Integrated Drilling Equipment Holdings Corp operates primarily in a specific geographic region, limiting its market reach and potential customer base. Expanding into new regions may require significant investment and resources.
Opportunities
- Integrated Drilling Equipment Holdings Corp can capitalize on the following opportunities to further enhance its business:
- As global energy demands continue to rise, there is a growing need for efficient and advanced drilling equipment. The company can leverage this opportunity to expand its market share and revenue.
- With the increasing emphasis on renewable energy sources, Integrated Drilling Equipment Holdings Corp can explore diversification into technologies and equipment associated with solar, wind, or geothermal energy projects.
- Forming strategic partnerships and collaborations with other industry players can open doors for joint ventures, knowledge sharing, and access to new markets, enabling Integrated Drilling Equipment Holdings Corp to expand its reach and offerings.
Threats
- Integrated Drilling Equipment Holdings Corp should be mindful of the following threats that may hinder its progress:
- The drilling equipment industry is highly competitive, with numerous established players and new entrants. Intensified competition may lead to lower margins and reduced market share unless the company differentiates itself effectively.
- The drilling industry is subject to stringent regulations and environmental standards. Complying with these regulations and adapting to any changes can create additional costs and administrative burdens for Integrated Drilling Equipment Holdings Corp.
- Economic uncertainties on a global scale, such as recessions, financial crises, or political instability, can impact the overall demand for drilling equipment. Integrated Drilling Equipment Holdings Corp needs to build resilience to withstand such economic downturns.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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