{"schema_version":"secwatch.filing_event.v1","accession":"0000928054-23-000041","form_type":"8-K","ticker":"FTK","cik":"0000928054","company_name":"FLOTEK INDUSTRIES INC/CN/","filed_at":"2023-03-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.630072+00:00","generated_at":"2026-06-17T22:48:05.434636+00:00","sec_items":["2.02","7.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Flotek Q4 revenue $48.2M (+297% YoY); net loss $19.0M; Adj. EBITDA loss narrows to $5.1M","bullets":["Full year 2022 revenue $136.1M (+215% YoY); net loss $42.3M vs $30.5M in 2021.","Adjusted EBITDA loss improved to $5.1M in Q4 from $8.4M in Q3; sixth consecutive quarterly improvement in margin.","Cash $12.3M at Dec 31, 2022; $4.4M PPP loan forgiven Jan 2023; pursuing asset-based loan options.","Leadership changes: Harsha Agadi interim CEO, David Nierenberg Chair, Ryan Ezell President, Bond Clement CFO.","ProFrac fleet average grew to 21 from 16; US frac fleet market share ~11% at Q4 end."],"urls":{"canonical":"https://secwatch.observer/filing/0000928054-23-000041","json":"https://secwatch.observer/filing/0000928054-23-000041.json","markdown":"https://secwatch.observer/filing/0000928054-23-000041.md","text":"https://secwatch.observer/filing/0000928054-23-000041.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/928054/000092805423000041/0000928054-23-000041-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/928054/000092805423000041/usgaap-20230321.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T22:48:05.434636+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"92c8949dd962b4beab6f8c41b4df5353ced007e1","claim":"FLOTEK INDUSTRIES INC/CN/ reported the full-year ended December 31, 2022 results: revenue $136.1 million, net income net loss of $42.3 million.","evidence_excerpt":"Full year 2022 total revenue of $136.1 million increased 215% compared to total revenue of $43.3 million in 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/928054/000092805423000041/0000928054-23-000041-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full-year ended December 31, 2022"},{"label":"Revenue","value":"$136.1 million"},{"label":"Net income","value":"net loss of $42.3 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"a5a323566f314fb842e0d1701422ae0402e0aab6","claim":"FLOTEK INDUSTRIES INC/CN/ reported the fourth quarter ended December 31, 2022 results: revenue $48.2 million, net income net loss of $19.0 million, EPS a loss of $0.25 per basic and diluted share.","evidence_excerpt":"Flotek generated fourth quarter 2022 total revenue of $48.2 million, up 5.7% from $45.6 million in the third quarter of 2022 and up 297% compared to the fourth quarter of 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/928054/000092805423000041/0000928054-23-000041-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$48.2 million"},{"label":"Net income","value":"net loss of $19.0 million"},{"label":"EPS","value":"a loss of $0.25 per basic and diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}