{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-006320","form_type":"8-K","ticker":null,"cik":"0001537028","company_name":"Independence Contract Drilling, Inc.","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.889180+00:00","generated_at":"2026-06-03T02:47:13.475095+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"ICD Q1 2024 net loss $9M, revenue down 27% YoY; guides Q2 margin down 15%","bullets":["Net loss of $9.0M ($0.62/sh); adj net loss $7.3M ($0.50/sh); adj EBITDA $11.8M; revenue $46.6M.","Revenue days 1,376 vs 1,744 YoY; avg rigs working 15.1; fully burdened margin per day $11,829.","Expects Q2 avg rigs ~15; per day margins to fall ~15% sequentially on lower dayrates and higher costs.","Redeemed $3.5M of Convertible Notes; elected to pay in-kind interest on remaining notes due Sep 30, 2024.","Contract backlog (terms >=6 months) $69.4M; ~70% expires in 2024; excludes short-term pad-to-pad deals."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-006320","json":"https://secwatch.observer/filing/0001558370-24-006320.json","markdown":"https://secwatch.observer/filing/0001558370-24-006320.md","text":"https://secwatch.observer/filing/0001558370-24-006320.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1537028/000155837024006320/0001558370-24-006320-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1537028/000155837024006320/icd-20240501x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T02:47:13.475095+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":"27964a67f030a402f2bb61a5422182be6d7eb42f","claim":"Independence Contract Drilling, Inc. reported first quarter ended March 31, 2024 results: revenue $46.6 million, net income Net loss of $9.0 million, or $0.62 per share, EPS $0.62 per share.","evidence_excerpt":"of $190.3 million · 15.1 average rigs working during the quarter · Fully burdened margin per day of $11,829 ​ In the first quarter of 2024, the Company reported revenues of $46.6 million, net loss of $9.0 million, or $0.62 per share, adjusted net loss (defined below) of $7.3 million, or $0.50 per share, and adjusted EBITDA (defined below) of $11.8 million. These","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1537028/000155837024006320/0001558370-24-006320-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$46.6 million"},{"label":"Net income","value":"Net loss of $9.0 million, or $0.62 per share"},{"label":"EPS","value":"$0.62 per share"},{"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"}