secwatch.observer — SEC 8-K summary
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Issuer:     TEAM INC (TISI)
CIK:        0000318833
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0000318833-23-000049
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Team, Inc. Q3 2023 revenue $206.7M, net loss narrows 54% YoY to $12.1M
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- Revenue $206.7M; gross margin 25.5% ($52.8M).
- Net loss from continuing ops $12.1M vs $26.6M YoY, a 54.4% improvement.
- Consolidated Adjusted EBITDA $11.1M (5.4% of revenue), up from $10.6M.
- SG&A reduced 7.6% ($3.7M) vs prior-year period.
- Repaid remaining $41.2M of convertible notes with June 2023 refinancing proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318833/000031883323000049/0000318833-23-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318833/000031883323000049/tisi-20231109.htm
  HTML page:      https://secwatch.observer/filing/0000318833-23-000049

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer