---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-006525"
form_type: "8-K"
ticker: "INVX"
cik: "0001042893"
company_name: "Innovex International, Inc."
filed_at: "2022-04-28T23:59:59+00:00"
generated_at: "2026-06-26T03:02:15.606703+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Dril-Quip reports Q1 2022: revenue $83.1M, net loss $8.9M, orders improving

## Summary
- Revenue $83.1M, up $5.2M sequentially; net loss $8.9M ($0.26 loss per share).
- Adjusted EBITDA $3.2M (3.8% of revenue) vs $0.6M in Q4 2021.
- New orders $66.5M incl. ~$17M in Brazil orders; expects 20% order growth for 2022.
- Free cash flow negative $13.0M; capex $2.1M; repurchased $5.8M shares at $21.20 avg.
- Full-year 2022 revenue expected to grow 10% vs 2021.

## SEC filing metadata
- accession: 0000950170-22-006525
- form_type: 8-K
- ticker: INVX
- cik: 0001042893
- company_name: Innovex International, Inc.
- filed_at: 2022-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1042893/000095017022006525/0000950170-22-006525-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1042893/000095017022006525/drq-20220428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-006525
- JSON: https://secwatch.observer/filing/0000950170-22-006525.json
- Plain text: https://secwatch.observer/filing/0000950170-22-006525.txt

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