{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-055610","form_type":"8-K","ticker":"INVX","cik":"0001042893","company_name":"Innovex International, Inc.","filed_at":"2023-10-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.003121+00:00","generated_at":"2026-06-09T07:42:11.252313+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Dril-Quip Q3 2023: Revenue up 31% sequentially to $117M, net loss $7.0M","bullets":["Net loss $7.0M ($0.21 loss per share) vs net income $13.3M in Q3 2022.","Adjusted EBITDA $12.4M, up from $8.8M in Q2 2023; gross margin 27.0%.","Free cash flow $21.4M, highest since 2017; cash from ops $26.8M.","Net bookings $46.5M, down 36% sequentially; Great North acquisition contributed $15.5M revenue.","Awarded Petrobras wellhead tender worth up to $28M; expects positive Q4 free cash flow."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-055610","json":"https://secwatch.observer/filing/0000950170-23-055610.json","markdown":"https://secwatch.observer/filing/0000950170-23-055610.md","text":"https://secwatch.observer/filing/0000950170-23-055610.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1042893/000095017023055610/0000950170-23-055610-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1042893/000095017023055610/drq-20231026.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T07:42:11.252313+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"16b386c25600280e775b578f2e5474e2b5148588","claim":"Innovex International, Inc. reported third quarter 2023 results: revenue $117.2 million, net income Net Loss of $7.0 million, EPS $0.21 per share.","evidence_excerpt":"and innovative technologies for use in the energy industry, today reported operational and financial results for the third quarter of 2023. Third Quarter Highlights • Revenue of $117.2 million increased 31% sequentially and 33% year-over-year • Net Loss of $7.0 million decreased $10.5 million sequentially and $20.3 million year-over-year • Adjusted EBITDA of $12.4","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1042893/000095017023055610/0000950170-23-055610-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter 2023"},{"label":"Revenue","value":"$117.2 million"},{"label":"Net income","value":"Net Loss of $7.0 million"},{"label":"EPS","value":"$0.21 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}