secwatch.observer — SEC 8-K summary
======================================

Issuer:     Onterris, Inc. (ONT)
CIK:        0001643615
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0000950170-23-019765
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Montrose Q1 rev $131.4M, net loss -$14.7M, adj EBITDA $16.6M; raises FY23 EBITDA guidance to $70-76M
--------------------------------------------------------------------------------

- Total revenue $131.4M (down 2.4% YoY); ex-COVID & discontinued lab rev up 17.2% to $126.2M.
- Net loss -$14.7M (-$0.63/share) vs -$7.5M (-$0.39) last year; Adjusted Net Income $3.4M vs $5.5M.
- Consolidated Adjusted EBITDA $16.6M (12.8% margin) vs $16.5M (11.2% margin) excluding discontinued lab.
- FY23 Adj EBITDA guidance raised to $70-76M from $68-74M; revenue outlook unchanged at $550-600M.
- Completed acquisitions of Frontier Analytical, Environmental Alliance, GreenPath Energy; Matrix Solutions expected Q2 close.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1643615/000095017023019765/0000950170-23-019765-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1643615/000095017023019765/meg-20230509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-019765

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