{"schema_version":"secwatch.filing_event.v1","accession":"0000928054-23-000151","form_type":"8-K","ticker":"FTK","cik":"0000928054","company_name":"FLOTEK INDUSTRIES INC/CN/","filed_at":"2023-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.070435+00:00","generated_at":"2026-06-12T03:32:23.307589+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Flotek Q2 revenue $50.6M (+72% YoY); gross profit $3.9M, adj. EBITDA -$2.0M improves 48% sequentially","bullets":["Revenue $50.6M, up 72% YoY and 5% sequentially; FY guidance reaffirmed at $210-230M with adj. gross margin 8-10%.","Gross profit $3.9M vs -$2.3M YoY; adjusted gross profit $5.1M, up 92% sequentially.","Net loss $21k vs net income $6.2M YoY; adjusted EBITDA -$2.0M, eighth consecutive improvement, expects positive by year-end.","Received ABL credit approval; cash $8.8M; expects close by end of Aug. Appointed Dr. Ryan Ezell CEO and Harsha Agadi Chairman."],"urls":{"canonical":"https://secwatch.observer/filing/0000928054-23-000151","json":"https://secwatch.observer/filing/0000928054-23-000151.json","markdown":"https://secwatch.observer/filing/0000928054-23-000151.md","text":"https://secwatch.observer/filing/0000928054-23-000151.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/928054/000092805423000151/0000928054-23-000151-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/928054/000092805423000151/usgaap-20230808.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T03:32:23.307589+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":"7afe287d8306e3375e36512470fc8a58bbbc7e94","claim":"FLOTEK INDUSTRIES INC/CN/ reported the quarter ended June 30, 2023 results: revenue $50,594, net income ($21), EPS $0 per basic share. Guidance reaffirmed.","evidence_excerpt":"momentum as nearly all financial metrics showed strong sequential growth. Financial Summary (in thousands) Q2 2023 Q2 2022 Percent Change Q1 2023 Percent Change Total Revenues $ 50,594 $ 29,373 72% $ 48,007 5% Gross Profit (Loss) $ 3,904 $ (2,305) 269% $ 1,880 108% Adjusted Gross Profit (Loss) (1) $ 5,091 $ (1,578) 423% $ 2,647 92% Net Income (Loss) $ (21) $","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/928054/000092805423000151/0000928054-23-000151-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended June 30, 2023"},{"label":"Revenue","value":"$50,594"},{"label":"Net income","value":"($21)"},{"label":"EPS","value":"$0 per basic share"},{"label":"Guidance","value":"reaffirmed"},{"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"}