---
schema_version: "secwatch.filing_event.v1"
accession: "0000318833-23-000003"
form_type: "8-K"
ticker: "TISI"
cik: "0000318833"
company_name: "TEAM INC"
filed_at: "2023-03-14T23:59:59+00:00"
generated_at: "2026-06-18T03:59:55.490509+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# TEAM Q4 revenue up 4% to $211M; Adj. EBITDA turns positive to $6.7M

## Summary
- Q4 revenue $211.3M (+4.0% YoY); gross margin 24.8% vs 22.1% prior year.
- Q4 net loss from continuing ops $56.9M includes $30.1M loss on debt extinguishment.
- Q4 Adjusted EBITDA improved to $6.7M from negative $1.6M in Q4 2021.
- Full year 2022 revenue $840.2M (+5.8%); net loss $150.1M vs $184.8M loss in 2021.
- Net debt reduced to $227.9M from $350.7M; liquidity $103.5M after Quest sale.

## SEC filing metadata
- accession: 0000318833-23-000003
- form_type: 8-K
- ticker: TISI
- cik: 0000318833
- company_name: TEAM INC
- filed_at: 2023-03-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/318833/000031883323000003/0000318833-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/318833/000031883323000003/tisi-20230314.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000318833-23-000003
- JSON: https://secwatch.observer/filing/0000318833-23-000003.json
- Plain text: https://secwatch.observer/filing/0000318833-23-000003.txt

## Key facts
- Earnings Releases
  TEAM INC reported the fourth quarter and the year ended December 31, 2022 results: revenue $211.3 million, net income net loss from continuing operations of $56.9 million, EPS $13.15 loss per share.
  - Period: the fourth quarter and the year ended December 31, 2022
  - Revenue: $211.3 million
  - Net income: net loss from continuing operations of $56.9 million
  - EPS: $13.15 loss per share
  - Result: reported results
  source text: today reported its financial results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter 2022 Highlights 1 : • Increased fourth quarter 2022 revenues to $211.3 million, up $8 million over the 2021 fourth quarter. • Improved fourth quarter 2022 gross margin by 270 basis points to 24.8% of revenue, up from 22.1% in the 2021 fourth quarter. •
  evidence_url: https://www.sec.gov/Archives/edgar/data/318833/000031883323000003/0000318833-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.