---
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"
generated_at: "2026-06-17T22:48:05.434636+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Flotek Q4 revenue $48.2M (+297% YoY); net loss $19.0M; Adj. EBITDA loss narrows to $5.1M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000928054-23-000041
- JSON: https://secwatch.observer/filing/0000928054-23-000041.json
- Plain text: https://secwatch.observer/filing/0000928054-23-000041.txt

## Key facts
- Earnings Releases
  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.
  - Period: the full-year ended December 31, 2022
  - Revenue: $136.1 million
  - Net income: net loss of $42.3 million
  - Result: reported results
  source text: Full year 2022 total revenue of $136.1 million increased 215% compared to total revenue of $43.3 million in 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/928054/000092805423000041/0000928054-23-000041-index.htm
- Earnings Releases
  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.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $48.2 million
  - Net income: net loss of $19.0 million
  - EPS: a loss of $0.25 per basic and diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/928054/000092805423000041/0000928054-23-000041-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.