See more : Molecule Holdings Inc. (EVRRF) Income Statement Analysis – Financial Results
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.
You may be interested
- China Vanke Co., Ltd. (CHVKF) Income Statement Analysis – Financial Results
- Menivim – The New Reit Ltd (MNRT.TA) Income Statement Analysis – Financial Results
- Sproutly Canada Inc. (SRUTF) Income Statement Analysis – Financial Results
- The Howard Hughes Corporation (HHC) Income Statement Analysis – Financial Results
- Capstead Mortgage Corporation (CMO) Income Statement Analysis – Financial Results
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 Reports Second Quarter 2023 Results Highlighted by 108% Sequential Growth in Gross Profit
HOUSTON , Aug. 8, 2023 /PRNewswire/ -- 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...
Energy Transition and Emerging Technology Companies are Set to Present at the 28th Annual EnerCom Denver - The Energy Investment Conference, to be held August 13-16, 2023, in Denver, Colorado
Presentation Times and Schedule for All Participating Companies Now Posted on the Conference Website www.enercomdenver.com – Presenting Companies Continue to be Added Investor One-on-One Meeting Requests for All Companies Now Open for Institutional Investors, Portfolio Managers, Financial Analysts, CIOs,...
Flotek Announces Participation in EnerCom Denver - The Energy Investment Conference
HOUSTON , July 17, 2023 /PRNewswire/ -- 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....
Flotek Industries Is A Go Big Or Go Home Energy Sector Bet
Flotek Industries shows potential for a turnaround, despite currently fragile financials. The company's largest segment has seen sharp relative growth of 285% in Q1 2023, largely due to a contract with ProFrac. The company's dependence on ProFrac presents both a...
FLOTEK ANNOUNCES TIMING OF RELEASE OF SECOND QUARTER 2023 EARNINGS RESULTS AND CONFERENCE CALL
HOUSTON , July 10, 2023 /PRNewswire/ -- 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...
Top 4 Materials Stocks That Set To Fly In April - ASP Isotopes (NASDAQ:ASPI), Flotek Industries (NYSE:FTK)
The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
FTK Stock: 8.16% Decrease After Hours Explanation
The stock price of Flotek Industries Inc (NYSE: FTK) fell by 8.16% after hours in the most recent trading session. This is why.
The Riskiest Investments In Oilfield Services
Given economic uncertainty and volatility in energy markets, I believe cautious oilfield services investors will want to avoid the highest risk investments in the sector. 58 oilfield services providers were screened for profitability based on net income margin; 26 were...
FLOTEK TO PRESENT AT THE EMERGING GROWTH CONFERENCE ON WEDNESDAY JANUARY 11, 2023
HOUSTON, Jan. 5, 2023 /PRNewswire/ -- 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...
Oil Field Services: Value Matrix, Momentum, And Market Cap Analysis
Even though energy has been the best performing sector of the year by a large margin, deep values remain in under-covered and small cap oilfield services. Fifty-three oilfield service equities were evaluated using a value matrix including factors for value,...
Source: https://incomestatements.info
Category: Stock Reports