{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-012419","form_type":"8-K","ticker":"XPRO","cik":"0001575828","company_name":"EXPRO GROUP HOLDINGS N.V.","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.474775+00:00","generated_at":"2026-06-15T21:55:52.271657+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":"Expro Q1 net loss of $6M; revenue $339M (-3% QoQ); reaffirms FY guidance","bullets":["Revenue $339M (-3% QoQ, +21% YoY); net loss $6M ($0.06 diluted loss per share).","Adj EBITDA $42M (12% margin); excl $11M LWI costs, Adj EBITDA $53M (16%), +36% YoY.","Reaffirmed FY2023 guidance: rev $1.45-1.55B, Adj EBITDA $275-325M, margin 19-21%.","Completed DeltaTek cementing acquisition; repurchased ~$10M stock at avg $17.99 in Q1.","Cash $186M, no debt; total liquidity $316M including $130M revolver."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-012419","json":"https://secwatch.observer/filing/0001437749-23-012419.json","markdown":"https://secwatch.observer/filing/0001437749-23-012419.md","text":"https://secwatch.observer/filing/0001437749-23-012419.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1575828/000143774923012419/0001437749-23-012419-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1575828/000143774923012419/fi20230111_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T21:55:52.271657+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":"2101da43b273ce2060fa163135417fdc330ef17d","claim":"EXPRO GROUP HOLDINGS N.V. reported the three months ended March 31, 2023 results: revenue $339 million, net income ($6 million), EPS $0.06 per diluted share. Guidance reaffirmed.","evidence_excerpt":"PRESS RELEASE FOR IMMEDIATE RELEASE EXPRO GROUP HOLDINGS N.V. ANNOUNCES FIRST QUARTER 2023 RESULTS Revenue of $339 million, down 3% sequentially and up 21% year-over-year Adjusted EBITDA 1 of $42 million ($53 million, excluding $11 million of mobilization costs, and start-up and commissioning costs associated with the Company’s now operational light well intervention, or LWI, system), down 40% sequentially and up 14% year-over-year. Excluding such LWI-related costs, Adjusted EBITDA was down 30% sequentially and up 36% year-over-year Adjusted EBITDA margin 1 of 12% (16% excluding LWI-related costs), down sequentially from 20% (21% excluding LWI-related costs) and down year-over-year from 13% (14% excluding LWI-related costs) Reaffirms positive business outlook and full-year guidance range for revenue of $1,450 million to $1,550 million, Adjusted EBITDA of $275 million to $325 million, and Adjusted EBITDA margin of 19% to 21% Completed acquisition of DeltaTek, expanding the Company's off","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1575828/000143774923012419/0001437749-23-012419-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Revenue","value":"$339 million"},{"label":"Net income","value":"($6 million)"},{"label":"EPS","value":"$0.06 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"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"}