secwatch.observer — SEC 8-K summary
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Issuer:     EXPRO GROUP HOLDINGS N.V. (XPRO)
CIK:        0001575828
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001437749-22-025637
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575828/000143774922025637/0001437749-22-025637-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575828/000143774922025637/fi20220823_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-025637

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