secwatch.observer — SEC 8-K summary
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Issuer:     Innovex International, Inc. (INVX)
CIK:        0001042893
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0000950170-23-055610
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042893/000095017023055610/0000950170-23-055610-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042893/000095017023055610/drq-20231026.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-055610

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