Table of Content TEAM, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) Twelve Months Ended December 31, 2023 2022 Revenues $ 862,615 $ 840,208 Operating expenses 651,461 638,597 Gross margin 211,154 201,611 Selling, general and administrative expenses 224,430 241,397 Restructuring and other related charges, net — 16 Operating loss (13,276) (39,802) Interest expense, net (55,181) (85,052) Loss on debt extinguishment (1,585) (30,083) Other income (expense), net (1,102) 8,156 Loss before income taxes (71,144) (146,781) Provision for income taxes (see Note 10) (4,578) (3,306) Net loss from continuing operations $ (75,722) $ (150,087) Discontinued operations: Net income from discontinued operations, net of income tax — 220,166 Net income (loss) $ (75,722) $ 70,079 Basic net income (loss) per common share: Loss from continuing operations (17.32) (35.85) Income from discontinued operations — 52.58 Total $ (17.32) $ 16.73 Weighted-average number of shares outstanding: Basic 4,371 4,187 See accompanying notes to consolidated financial statements. 27