---
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"
generated_at: "2026-06-09T07:42:11.252313+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Dril-Quip Q3 2023: Revenue up 31% sequentially to $117M, net loss $7.0M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-055610
- JSON: https://secwatch.observer/filing/0000950170-23-055610.json
- Plain text: https://secwatch.observer/filing/0000950170-23-055610.txt

## Key facts
- Earnings Releases
  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.
  - Period: third quarter 2023
  - Revenue: $117.2 million
  - Net income: Net Loss of $7.0 million
  - EPS: $0.21 per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1042893/000095017023055610/0000950170-23-055610-index.htm

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