---
schema_version: "secwatch.filing_event.v1"
accession: "0000928054-23-000047"
form_type: "8-K/A"
ticker: "FTK"
cik: "0000928054"
company_name: "FLOTEK INDUSTRIES INC/CN/"
filed_at: "2023-03-21T23:59:59+00:00"
generated_at: "2026-06-17T22:48:05.333976+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Flotek reports 2022 revenue $136.1M (+215% YoY); net loss $42.3M; material weakness and going concern expected

## Summary
- Q4 2022 revenue $48.2M (+297% YoY, +5.7% sequentially); net loss $19.0M ($0.25/share).
- Full-year 2022 Adjusted EBITDA loss $26.2M; Q4 Adj. EBITDA -$5.1M improved from -$8.4M in Q3.
- Material weakness in internal controls identified; expects going concern qualification in 10-K due to recurring losses.
- Leadership changes: David Nierenberg Chairman, Harsha Agadi Interim CEO, Ryan Ezell President, Bond Clement CFO.
- ProFrac fleets grew from 16 to 21; market share ~11% of active US frac fleets; sold Monahans facility for $1.5M.

## SEC filing metadata
- accession: 0000928054-23-000047
- form_type: 8-K/A
- 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: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/928054/000092805423000047/0000928054-23-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/928054/000092805423000047/usgaap-20230321.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000928054-23-000047
- JSON: https://secwatch.observer/filing/0000928054-23-000047.json
- Plain text: https://secwatch.observer/filing/0000928054-23-000047.txt

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