Flotek expects positive adjusted EBITDA in Q3, announces 1-for-6 reverse stock split

FLOTEK INDUSTRIES INC/CN/

Expects positive adjusted EBITDA in Q3 2023, accelerating from year-end target; first half 2023 revenue up ~$56M YoY.
Board approves 1-for-6 reverse stock split effective after market close on Sept 25, 2023; begins trading Sept 26 under FTK.
Reverse split designed to regain NYSE continued listing compliance; no fractional shares issued.
Company also changed principal executive office to 5775 N. Sam Houston Pkwy W., Suite 400, Houston, TX 77086.

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