---
schema_version: "secwatch.filing_event.v1"
accession: "0000318833-23-000029"
form_type: "8-K"
ticker: "TISI"
cik: "0000318833"
company_name: "TEAM INC"
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T19:42:42.450763+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Team Inc Q2 revenue up 8% to $239.5M, net loss improves $12.4M

## Summary
- Revenue $239.5M, up 8% YoY; gross margin 25.4% (+190 bps vs Q2 2022).
- Net loss of $15.8M improved $12.4M from prior year; adj EBITDA $17.4M (7.3% of revenue).
- Reduced ongoing cash SG&A by $3.2M in Q2, $8.3M year-to-date in 2023.
- Repaid remaining $41.2M convertible notes on Aug 1, 2023 using June 2023 refinancing proceeds.

## SEC filing metadata
- accession: 0000318833-23-000029
- form_type: 8-K
- ticker: TISI
- cik: 0000318833
- company_name: TEAM INC
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/318833/000031883323000029/0000318833-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/318833/000031883323000029/tisi-20230810.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000318833-23-000029
- JSON: https://secwatch.observer/filing/0000318833-23-000029.json
- Plain text: https://secwatch.observer/filing/0000318833-23-000029.txt

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