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Complete financial analysis of Flotek Industries, Inc. (FTK) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Flotek Industries, Inc., a leading company in the Oil & Gas Equipment & Services industry within the Energy sector.
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Flotek Industries, Inc. (FTK)
About Flotek Industries, Inc.
Flotek Industries, Inc. operates as a technology-driven chemistry and data company that serves customers across industrial, commercial, and consumer markets in the United States, the United Arab Emirates, and internationally. It operates in two segments, Chemistry Technologies (CT) and Data Analytics (DA). The CT segment designs, develops, manufactures, packages, distributes, delivers, and markets green specialty chemicals that enhance the profitability of hydrocarbon producers and cleans surfaces in commercial and personal settings to help reduce the spread of bacteria, viruses, and germs. This segment primarily serves integrated oil and gas, oilfield services, independent oil and gas, national and state-owned oil, geothermal energy, solar energy, and alternative energy companies. The DA segment designs, develops, produces, sells, and supports equipment and services that create and provide valuable information on the composition and properties of energy customers' hydrocarbon fluids. This segment's data platforms combine the energy industry's field-deployable, inline optical analyzer with proprietary cloud visualization and analytics. It sells its products directly through a mix of in-house sales professionals, as well as contractual agency agreements. The company was incorporated in 1985 and is headquartered in Houston, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 188.06M | 136.09M | 43.27M | 53.14M | 119.35M | 177.77M | 317.10M | 262.83M | 334.36M | 449.16M | 371.07M | 312.83M | 258.79M | 146.98M | 112.55M | 226.06M | 158.01M | 100.64M | 52.87M | 21.88M | 14.84M | 13.26M | 12.56M | 1.56M | 1.79M | 3.18M |
| Cost of Revenue | 163.80M | 142.79M | 40.01M | 3.41M | 8.47M | 9.22M | 227.29M | 172.15M | 219.25M | 266.20M | 223.54M | 181.21M | 152.97M | 94.01M | 83.17M | 135.31M | 90.30M | 59.46M | 30.95M | 12.53M | 9.26M | 8.71M | 9.08M | 1.16M | 1.15M | 2.44M |
| Gross Profit | 24.26M | -6.70M | 3.26M | 49.73M | 110.89M | 168.56M | 89.81M | 90.68M | 115.11M | 182.96M | 147.53M | 131.62M | 105.82M | 52.97M | 29.38M | 90.76M | 67.71M | 41.18M | 21.92M | 9.35M | 5.58M | 4.55M | 3.48M | 396.87K | 644.37K | 742.95K |
| Gross Profit Ratio | 12.90% | -4.92% | 7.53% | 93.58% | 92.91% | 94.82% | 28.32% | 34.50% | 34.43% | 40.73% | 39.76% | 42.07% | 40.89% | 36.04% | 26.11% | 40.15% | 42.85% | 40.92% | 41.47% | 42.74% | 37.59% | 34.31% | 27.73% | 25.41% | 35.92% | 23.35% |
| Research & Development | 2.49M | 4.44M | 5.54M | 7.21M | 8.86M | 10.36M | 13.65M | 9.32M | 7.46M | 4.98M | 3.75M | 3.18M | 2.34M | 1.44M | 2.12M | 1.93M | 849.00K | 656.00K | 555.26K | 300.07K | 46.65K | 139.37K | 34.94K | 21.08K | 0.00 | 4.16K |
| General & Administrative | 0.00 | 0.00 | 0.00 | 16.31M | 27.98M | 31.47M | 78.73M | 80.15M | 95.48M | 87.15M | 78.20M | 66.42M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 712.98K | 735.07K | 1.39M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 37.24M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 877.78K | 1.02M | 1.53M |
| SG&A | 27.87M | 27.12M | 20.17M | 16.31M | 27.98M | 31.47M | 78.73M | 80.15M | 95.48M | 87.15M | 78.20M | 66.42M | 50.61M | 41.86M | 36.94M | 46.31M | 30.64M | 18.92M | 9.49M | 5.35M | 4.79M | 7.48M | 3.77M | 1.59M | 1.75M | 2.92M |
| Other Expenses | -29.32M | 734.00K | 1.01M | 88.27M | 149.23M | -5.04M | 812.00K | -303.00K | -181.00K | -394.00K | 316.00K | -452.00K | 3.98M | 6.65M | 4.93M | 5.57M | 6.54M | 2.75M | 1.77M | 689.90K | 713.53K | 1.30M | 744.31K | 122.81K | 62.25K | 93.10K |
| Operating Expenses | 30.36M | 32.30M | 26.71M | 111.79M | 186.06M | 201.63M | 92.37M | 98.00M | 113.94M | 101.86M | 89.22M | 74.01M | 56.93M | 49.95M | 43.99M | 53.81M | 38.03M | 22.33M | 11.81M | 6.34M | 5.55M | 8.92M | 4.55M | 1.71M | 1.81M | 3.02M |
| Cost & Expenses | 164.84M | 175.09M | 66.73M | 115.20M | 194.53M | 210.85M | 319.66M | 270.15M | 333.19M | 368.06M | 312.76M | 255.22M | 209.90M | 143.96M | 127.15M | 189.12M | 128.32M | 81.79M | 42.76M | 18.87M | 14.81M | 17.63M | 13.63M | 2.88M | 2.96M | 5.46M |
| Interest Income | 0.00 | 7.05M | 78.00K | 60.00K | 2.02M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.22K | 43.82K | 0.00 | 0.00 | 0.00 |
| Interest Expense | 2.86M | 7.05M | 78.00K | 60.00K | 2.02M | 2.87M | 2.17M | 1.98M | 1.76M | 1.61M | 2.09M | 8.10M | 15.96M | 20.22M | 15.43M | 10.23M | 3.50M | 1.01M | 827.09K | 691.57K | 618.44K | 639.92K | 415.43K | 173.78K | 173.78K | 30.45K |
| Depreciation & Amortization | 8.78M | 4.33M | 1.29M | 3.77M | 9.21M | 9.22M | 9.77M | 10.43M | 18.02M | 9.74M | 15.11M | 11.58M | 10.11M | 13.77M | 14.19M | 13.87M | 6.54M | 2.75M | 1.77M | 689.90K | 713.53K | 704.73K | 744.31K | 122.81K | 62.25K | 93.10K |
| EBITDA | 36.50M | -34.54M | -29.63M | -138.80M | -64.59M | -68.58M | 544.00K | 15.55M | 21.00M | 66.31M | 74.81M | 65.14M | 65.34M | -15.03M | -19.07M | -18.00M | 36.22M | 21.52M | 11.80M | 3.75M | 744.94K | -2.09M | -319.43K | 132.39K | -1.19M | -1.11M |
| EBITDA Ratio | 19.41% | -27.95% | -51.68% | -109.42% | -54.46% | -16.26% | 3.28% | 1.07% | 5.69% | 20.14% | 19.87% | 21.97% | 22.80% | 11.42% | -0.37% | 82.41% | 22.92% | 21.38% | 22.31% | 16.71% | 73.83% | -27.65% | -2.76% | -76.72% | -66.64% | -67.74% |
| Operating Income | 23.22M | -35.42M | -23.46M | -62.06M | -75.18M | -69.81M | -2.86M | -7.30M | -19.17M | 80.89M | 58.73M | 58.62M | 48.89M | -6.27M | -33.10M | -30.75M | 29.69M | 18.85M | 10.11M | 3.01M | -5.09M | -4.37M | -1.06M | -1.32M | -1.17M | -2.28M |
| Operating Income Ratio | 12.35% | -26.03% | -54.22% | -116.79% | -62.99% | -39.27% | -0.90% | -2.78% | -5.73% | 18.01% | 15.83% | 18.74% | 18.89% | -4.26% | -29.41% | -13.60% | 18.79% | 18.73% | 19.13% | 13.77% | -34.28% | -32.97% | -8.47% | -84.31% | -65.12% | -71.62% |
| Total Other Income/Expenses | 1.64M | -6.91M | 890.00K | 1.02M | -636.00K | -10.85M | -1.07M | 10.45M | -1.64M | 20.27M | -1.78M | -13.16M | -9.62M | -42.74M | -15.59M | -13.91M | -2.55M | -920.00K | -741.07K | -645.09K | -591.45K | -566.00 | 27.42K | 4.29K | 238.11K | -1.14M |
| Income Before Tax | 24.86M | -42.33M | -30.57M | -142.63M | -76.94M | -80.66M | -4.21M | 3.14M | -21.12M | 78.88M | 56.95M | 45.46M | 39.27M | -49.01M | -48.69M | -41.08M | 27.14M | 17.93M | 9.37M | 2.37M | 31.41K | -4.37M | -1.04M | -1.31M | -1.08M | -2.31M |
| Income Before Tax Ratio | 13.22% | -31.10% | -70.64% | -268.40% | -64.46% | -45.37% | -1.33% | 1.20% | -6.32% | 17.56% | 15.35% | 14.53% | 15.17% | -33.34% | -43.26% | -18.17% | 17.18% | 17.82% | 17.73% | 10.82% | 0.21% | -32.97% | -8.25% | -84.03% | -60.13% | -72.58% |
| Income Tax Expense | 149.00K | -22.00K | -40.00K | -6.18M | -201.00K | -7.22M | 8.84M | 1.24M | -7.65M | 25.28M | 20.77M | -4.33M | 7.86M | -5.55M | 2.02M | -9.14M | 10.41M | 6.58M | 1.65M | 213.10K | 17.01M | 451.66K | -98.65K | -8.59K | -44.24K | 184.47K |
| Net Income | 24.71M | -42.31M | -30.53M | -136.45M | -76.74M | -70.34M | -27.40M | -49.13M | -13.46M | 53.60M | 36.18M | 49.79M | 31.41M | -43.47M | -50.71M | -31.94M | 16.73M | 11.35M | 7.72M | 2.15M | -7.38M | -5.46M | -1.41M | -1.49M | -1.21M | -2.43M |
| Net Income Ratio | 13.14% | -31.09% | -70.55% | -256.77% | -64.29% | -39.57% | -8.64% | -18.69% | -4.03% | 11.93% | 9.75% | 15.92% | 12.14% | -29.57% | -45.05% | -14.13% | 10.59% | 11.28% | 14.60% | 9.84% | -49.74% | -41.20% | -11.21% | -95.16% | -67.65% | -76.46% |
| EPS | -0.12 | -3.41 | -2.50 | -11.98 | -7.84 | -7.28 | -2.85 | -5.30 | -1.47 | 4.36 | 4.23 | 6.20 | 0.60 | -1.69 | -2.59 | -1.67 | 0.91 | 0.66 | 0.53 | 0.16 | -0.62 | -0.55 | -0.22 | -0.01 | -1.50 | -4.29 |
| EPS Diluted | -0.10 | -3.41 | -2.50 | -11.98 | -7.84 | -7.28 | -2.85 | -5.26 | -1.47 | 4.26 | 4.02 | 5.80 | 0.56 | -1.69 | -2.59 | -1.67 | 0.88 | 0.61 | 0.47 | 0.16 | -0.62 | -0.55 | -0.22 | -0.01 | -1.50 | -4.29 |
| Weighted Avg Shares Out | 24.83M | 12.40M | 12.23M | 11.39M | 9.79M | 9.67M | 9.60M | 9.26M | 9.17M | 9.25M | 8.97M | 8.59M | 44.23M | 25.73M | 19.60M | 19.16M | 18.34M | 17.29M | 14.61M | 13.32M | 11.95M | 9.94M | 6.35M | 104.06M | 808.91K | 567.26K |
| Weighted Avg Shares Out (Dil) | 28.38M | 12.40M | 12.23M | 11.39M | 9.79M | 9.67M | 9.60M | 9.35M | 9.18M | 9.30M | 9.00M | 8.93M | 47.64M | 25.73M | 19.60M | 19.16M | 18.96M | 18.59M | 16.51M | 14.03M | 11.95M | 9.94M | 6.35M | 104.06M | 808.91K | 567.26K |
FLOTEK'S JP3 ANALYZER RECEIVES EPA APPROVAL FOR OIL AND GAS FLARE MONITORING REGULATIONS
HOUSTON , July 16, 2024 /PRNewswire/ -- Flotek Industries' (NYSE: FTK) wholly owned subsidiary JP3 Measurement, a leader in innovative analytical measurement solutions, today announced that the Environmental Protection Agency (EPA) has designated the JP3 system as an approved measurement...
Flotek Announces Timing of Second Quarter 2024 Earnings Release and Participation in EnerCom - The Energy Investment Conference
HOUSTON , July 9, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced the Company's schedule for releasing its second quarter 2024 financial and operating results for the period ended June 30, 2024. The Company...
Flotek Set to Join the Russell Microcap® Index
HOUSTON , June 11, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) announced today that the company is set to join the Russell Microcap® Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective...
Flotek Enhances Executive Leadership Team With Addition of Leon Chad as Senior Vice President, Commercial
HOUSTON , June 10, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced that it has appointed Leon Chad as Senior Vice President, Commercial, effective June 3, 2024. This appointment serves as the replacement for...
Flotek Announces Departure of Director David Nierenberg
HOUSTON , May 24, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced that David Nierenberg is stepping down from his position as a member of the Company's Board of Directors. Harsha V.
Flotek Announces First Quarter 2024 Results Reflecting Improved Profitability
HOUSTON , May 7, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced operational and financial results for the quarter ended March 31, 2024, highlighted by significant improvement in profitability metrics as compared to the...
Flotek Announces Timing of First Quarter 2024 Earnings Release and Conference Call
HOUSTON , April 8, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced the Company's schedule for releasing its first quarter 2024 financial and operating results for the period ended March 31, 2024. The...
Flotek Industries, Inc. (FTK) Q4 2023 Earnings Call Transcript
Flotek Industries, Inc. (FTK) Q4 2023 Earnings Call Transcript
Flotek Reports Fourth Quarter and Full-Year 2023 Results Highlighted by Growth in All Profitability Metrics Including a $31 Million Improvement in Annual Gross Profit
HOUSTON , March 12, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced operational and financial results for the fourth quarter and full-year ended December 31, 2023, highlighted by significant improvement in all profitability metrics,...
Flotek Strengthens Executive Leadership Team with the Addition of Amy Blakeway as Senior Vice President, General Counsel
HOUSTON , March 4, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced that it has appointed Amy Blakeway as Senior Vice President, General Counsel, effective March 1, 2024. With over a decade of legal...
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