Press Releases
Find up-to-date Flotek business and financial news.
FLOTEK REPORTS POSITIVE GROSS PROFIT FOR FIRST QUARTER 2023 AND INITIATES 2023 GUIDANCE
HOUSTON, May 8, 2023 - Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced operational and financial results for the first quarter ended March 31, 2023. Financial Summary (in thousands) Q1 2023 Q4 2022 Percent Change Q1 2022 Percent Change Total Revenue $ 48,007 $ 48,217 0% $ 12,879 273% Gross Profit (Loss) $ 1,880 $ (2,074) 191% $ (479) 492% Adjusted Gross Profit (Loss) (1) $ 2,647 $ (522) 607% $ (226) 1,271% Net Income (Loss) $ 21,343 $ (19,026) 212% $ (10,724) 299% Adjusted EBITDA (1) $…
FLOTEK ANNOUNCES TIMING OF RELEASE OF FIRST QUARTER 2023 EARNINGS RESULTS AND CONFERENCE CALL
HOUSTON, May 1, 2023 - Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced the Company’s schedule for releasing its first quarter results for the period ended March 31, 2023. In a press release to be issued after market close on Monday, May 8, 2023, Flotek plans to release its financial and operating results for the first quarter of 2023. The Company plans to host its earnings conference call on Tuesday, May 9, 2023, at 9:30 a.m. CST (10:30 a.m. EST). To participate in the call, participants can visit the webcast here or dial toll free at 1-844-835-9986 (international toll: 1-412-317-5270)…
FLOTEK RECEIVES CONTINUED LISTING STANDARD NOTICE FROM NYSE
HOUSTON, April 17, 2023 - Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced it has received written notice from the New York Stock Exchange (the “NYSE”) that the average closing price of the Company’s shares of common stock was below $1.00 per share over a period of 30 consecutive trading days, which is below the requirement for continued listing on the NYSE. In accordance with applicable NYSE procedures, the Company plans to notify the NYSE that it intends to cure the $1.00 per share deficiency. Based on the applicable NYSE procedures, the Company has six months following…
FLOTEK TO PARTICIPATE IN WATER TOWER RESEARCH FIRESIDE CHAT
HOUSTON, April 17, 2023 - Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced that the Company is scheduled to participate in a fireside chat with Water Tower Research on April 20, 2023, at 11:00 AM Eastern Time. Ryan Ezell, President, and Bond Clement, Chief Financial Officer, of Flotek will discuss the market for the Company’s green chemistry and data technologies, including the ongoing implementation of Flotek’s 10-year chemical supply agreement with ProFrac Holding Corp. Registration for the event is available at https://us06web.zoom.us/webinar/register/WN_sk0PikB_T-KSwgJQsTPJwQ. About Flotek Industries, Inc. Flotek Industries, Inc. creates unique solutions to reduce the environmental impact…
ROBUST REVENUE GROWTH HIGHLIGHTS FLOTEK’S 2022 FINANCIAL RESULTS
HOUSTON, March 20, 2023 - Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced results for the fourth quarter and full-year ended December 31, 2022. Full year 2022 revenue of $136.1 million increased 215% compared to 2021 Amended ProFrac Supply Agreement provides incremental service fee on majority of products delivered under the agreement Adjusted EBITDA as a percentage of revenue improved for the sixth consecutive quarter Year-end cash and cash equivalents of $12.3 million Strong growth continued at JP3 with revenue up 20% sequentially New senior management team in place Harsha V. Agadi, Interim Chief Executive Officer of…
FLOTEK ANNOUNCES TIMING OF FOURTH QUARTER AND FULL YEAR 2022 FINANCIAL RESULTS RELEASE
HOUSTON, March 6, 2023 - Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced the Company’s schedule for releasing its fourth quarter and full year 2022 results for the periods ended December 31, 2022. In a press release to be issued after market close on Monday, March 20, 2023, Flotek plans to release its fourth quarter and full year 2022 financial and operating results for the periods ended December 31, 2022. The Company plans to host its earnings conference call on Tuesday, March 21, 2023, at 8 a.m. CST (9 a.m. EST). To participate in the call, participants should…
Flotek Announces Leadership Transitions, Marking the Beginning of a New Chapter of Future Growth and Profitability
Houston, Texas, January 19, 2023 – Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK), a leader in technology-driven specialty green chemistry solutions, today announced that Director Harsha V. Agadi will become interim Chief Executive Officer of Flotek, effective immediately. He succeeds John W. Gibson, Jr., who has transitioned out of the role of Chairman, President, and Chief Executive Officer to pursue other professional opportunities. In addition, Chief Operating Officer Ryan Ezell has been promoted to President and Independent Lead Director David Nierenberg has been appointed Chairman of the Board. The Board of Directors has commenced a search for the…
FLOTEK TO PRESENT AT THE EMERGING GROWTH CONFERENCE ON WEDNESDAY JANUARY 11, 2023
HOUSTON, January 5, 2023 – Flotek Industries, Inc. (“Flotek”) (NYSE: FTK), a leader in technology-driven specialty green chemistry solutions, invites individual and institutional investors as well as advisors and analysts, to attend its real-time, interactive presentation at the Emerging Growth Conference on Wednesday, January 11, 2023, from 10:15 – 10:45 Eastern Time. Notice: The video from this conference is now available! CEO John W. Gibson Jr. will give a brief presentation and subsequently open the floor for questions. Questions can be submitted in advance to Questions@EmergingGrowth.com or you may ask your questions real-time during the event and Mr. Gibson will…
