Quarterly Reports
Flotek Reports Third Quarter 2023 Financial Results
Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced operational and financial results for the third quarter ended September 30, 2023, highlighted by significant improvement in all profitability metrics, including net income and the first quarter of positive adjusted EBITDA(1) since the third quarter of 2018. The third quarter results build upon the Company’s financial and operational momentum with nearly all financial metrics showing strong year-over-year growth.
Flotek Announces Timing Of Release Of Third Quarter 2023 Earnings Results And Conference Call
HOUSTON, October 10, 2023 - Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced the Company’s schedule for releasing its third quarter results for the period ended September 30, 2023. The Company plans to release its third quarter 2023 financial and operating results press release after market close on Tuesday, November 7, 2023. The Company plans to host its earnings conference call on Wednesday, November 8, 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…
FLOTEK INDUSTRIES 2023 2ND QUARTER CONFERENCE CALL – Wednesday, August 9, 2023, at 9:00 a.m. CST (10:00 a.m. EST)
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
Flotek Reports Second Quarter 2023 Results Highlighted by 108% Sequential Growth in Gross Profit
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) $…
FLOTEK ANNOUNCES TIMING OF RELEASE OF SECOND QUARTER 2023 EARNINGS RESULTS AND CONFERENCE CALL
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…
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)…
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…
