---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-025637"
form_type: "8-K"
ticker: "XPRO"
cik: "0001575828"
company_name: "EXPRO GROUP HOLDINGS N.V."
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T09:00:27.067850+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Expro Q3 2022 revenue $334M (+7% QoQ); net loss $18M on start-up costs and FX

## Summary
- Revenue $334M (+7% QoQ); net loss $18M ($0.16) vs $4M loss ($0.04) prior quarter.
- Adjusted net loss $8M ($0.07); Adj EBITDA $48M (14%); excluding $17M costs Adj EBITDA $65M (19%).
- Achieved $62M cost synergies in first year post-merger, exceeding $55M target by 13%.
- APAC segment EBITDA -$9M (-17% margin) from $17M start-up costs on large subsea project.
- No debt; liquidity $287M; $8M FCPA reserve; Q4 guide rev $325-350M, EBITDA ~20%.

## SEC filing metadata
- accession: 0001437749-22-025637
- form_type: 8-K
- ticker: XPRO
- cik: 0001575828
- company_name: EXPRO GROUP HOLDINGS N.V.
- filed_at: 2022-11-03T23:59:59+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/1575828/000143774922025637/0001437749-22-025637-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1575828/000143774922025637/fi20220823_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-025637
- JSON: https://secwatch.observer/filing/0001437749-22-025637.json
- Plain text: https://secwatch.observer/filing/0001437749-22-025637.txt

## Key facts
- Earnings Releases
  EXPRO GROUP HOLDINGS N.V. reported the quarter ended September 30, 2022 results: revenue $334 million, net income Net loss for the third quarter of 2022 was $18 million, or $0.16 per diluted share.
  - Period: the quarter ended September 30, 2022
  - Revenue: $334 million
  - Net income: Net loss for the third quarter of 2022 was $18 million, or $0.16 per diluted share
  - Result: reported results
  source text: (the “Company” or “Expro”) today reported financial and operational results for the three and nine months ended September 30, 2022. Third Quarter 2022 Highlights • Revenue was $334 million compared to revenue of $314 million in the second quarter of 2022, an increase of $20 million, or 7%, driven by higher activity across all of Expro’s segments, most notably in
  evidence_url: https://www.sec.gov/Archives/edgar/data/1575828/000143774922025637/0001437749-22-025637-index.htm

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