---
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"
generated_at: "2026-06-12T03:32:23.307589+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Flotek Q2 revenue $50.6M (+72% YoY); gross profit $3.9M, adj. EBITDA -$2.0M improves 48% sequentially

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000928054-23-000151
- JSON: https://secwatch.observer/filing/0000928054-23-000151.json
- Plain text: https://secwatch.observer/filing/0000928054-23-000151.txt

## Key facts
- Earnings Releases
  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.
  - Period: the quarter ended June 30, 2023
  - Revenue: $50,594
  - Net income: ($21)
  - EPS: $0 per basic share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/928054/000092805423000151/0000928054-23-000151-index.htm

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