---
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"
generated_at: "2026-06-15T21:55:52.271657+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Expro Q1 net loss of $6M; revenue $339M (-3% QoQ); reaffirms FY guidance

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1575828/000143774923012419/0001437749-23-012419-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1575828/000143774923012419/fi20230111_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-012419
- JSON: https://secwatch.observer/filing/0001437749-23-012419.json
- Plain text: https://secwatch.observer/filing/0001437749-23-012419.txt

## Key facts
- Earnings Releases
  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.
  - Period: the three months ended March 31, 2023
  - Revenue: $339 million
  - Net income: ($6 million)
  - EPS: $0.06 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1575828/000143774923012419/0001437749-23-012419-index.htm

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