Press Releases

HOUSTON, August 14, 2023 - Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced that it has entered into a revolving loan and security agreement in connection with an Asset Based Loan (“ABL”) with Amerisource Funding, Inc. (“Lender”). The ABL provides for a 24-month term with up to $10 million of initial credit availability for eligible accounts receivable and eligible inventory. After closing and subject to certain conditions, including an acceptable appraisal and the pledge of real estate collateral by the Company, the credit availability is expected to be increased by the lesser of 50% of the appraised…

Please download your MP3 Recording of the call titled Flotek Industries Second Quarter 2023 Earnings Conference Call on 08/09/2023 9:00 AM Central here: https://choruscall.sharefile.com/d-dc2097889af14c06

HOUSTON - August 8, 2023 - Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced significantly improved operational and financial results for the second quarter ended June 30, 2023. The second quarter results further build upon the Company’s turn-around momentum as nearly all financial metrics showed strong sequential growth. Financial Summary (in thousands) Q2 2023 Q2 2022 Percent Change Q1 2023 Percent Change                   Total Revenues $ 50,594 $ 29,373 72% $ 48,007 5% Gross Profit (Loss) $ 3,904 $ (2,305) 269% $ 1,880 108% Adjusted Gross Profit (Loss) (1) $…

HOUSTON, July 17, 2023 - Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced that the Company will participate in EnerCom Denver – The Energy Investment Conference to be held in Denver, Colorado, August 14-16, 2023. Ryan Ezell, Chief Executive Officer of Flotek, is scheduled to present on August 15, 2023, at 8:50 a.m. MT and will be joined by Bond Clement, Chief Financial Officer, in hosting meetings with investors throughout the day. Dr. Ezell will also participate in a service industry panel discussion on August 16 at 9:50 a.m. MT. A live webcast of the events will…

HOUSTON, July 10, 2023 - Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced the Company’s schedule for releasing its second quarter results for the period ended June 30, 2023. The Company plans to release its second quarter 2023 financial and operating results press release after market close on Tuesday, August 8, 2023. The Company plans to host its earnings conference call on Wednesday, August 9, 2023, at 9:00 a.m. CST (10:00 a.m. EST). To participate in the earnings conference call, participants should access the webcast on www.flotekind.com under the Investor Relations section under “Webcasts’’ or dial toll…

HOUSTON, July 6, 2023 - Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) announced that the Company has adopted the following amendments to the Flotek Industries, Inc. 2012 Employee Stock Purchase Plan (as amended, the “Plan”): Removed the prior prohibition on executive officers participating in the Plan; Removed restrictions to allow highly compensated employees (within the meaning of Section 423(b)(4)(D) of the Internal Revenue Code of 1986, as amended) to participate in the Plan;  Removed the 1,000 shares of Company common stock limit per employee per offering period under the Plan. These amendments will provide all employees, including the…

Houston, Texas, June 29, 2023 - Dan Genovese with EnerCom spoke with Chief Executive Officer Ryan Ezell of Flotek Industries (NYSE: FTK), to discuss Flotek chemistry impacts on EURs and IP rates, turning the corner on gross profit and new technology.  Click here to view the full interview!

Houston, Texas, June 7, 2023 – Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK), a leader in technology-driven specialty green chemistry and data analytics solutions, today announced that President Ryan Ezell has been named Chief Executive Officer of Flotek and will join the Board of Directors, effective June 8, 2023. He succeeds interim CEO Harsha V. Agadi, who has been elected Non-Executive Chairman of the Board, effective June 8, 2023, succeeding David Nierenberg, who will remain on the Board and serve on the Audit, Corporate Governance & Nominating, Compensation and Risk & Sustainability Committees. Flotek Promotes President Ryan Ezell…