{"schema_version":"secwatch.filing_event.v1","accession":"0000928054-23-000200","form_type":"8-K","ticker":"FTK","cik":"0000928054","company_name":"FLOTEK INDUSTRIES INC/CN/","filed_at":"2023-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.443205+00:00","generated_at":"2026-06-08T18:42:49.225657+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 posts Q3 net income of $1.3M, first positive adjusted EBITDA since 2018","bullets":["Net income $1.3M ($0.04 diluted EPS) vs net loss $18.8M in Q3 2022; revenue $47.3M (+4% YoY).","Adjusted EBITDA turned positive at $3.4M, first since Q3 2018; gross profit $9.0M vs loss of $1.8M.","FY 2023 guidance: revenue lowered to $185-200M (from $210-230M), but adjusted gross profit margin raised to 12-14% (from 8-10%).","ABL facility increased to $13.8M; total liquidity $9.0M as of Nov 6, 2023.","Non-ProFrac chemistry revenues grew 23% YoY, now 38% of total revenues."],"urls":{"canonical":"https://secwatch.observer/filing/0000928054-23-000200","json":"https://secwatch.observer/filing/0000928054-23-000200.json","markdown":"https://secwatch.observer/filing/0000928054-23-000200.md","text":"https://secwatch.observer/filing/0000928054-23-000200.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/928054/000092805423000200/0000928054-23-000200-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/928054/000092805423000200/usgaap-20231107.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T18:42:49.225657+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":"dfcffd942813b926b11655e6fad1e2ca4457d753","claim":"FLOTEK INDUSTRIES INC/CN/ reported third quarter ended September 30, 2023 results: revenue $47,268, net income $1,287, EPS $0.04 per diluted share. Guidance lowered.","evidence_excerpt":"showing strong year-over-year growth. Financial Summary (in thousands) Three months ended September 30, Nine months ended September 30, 2023 2022 2023 2022 Total Revenues $ 47,268 $ 45,623 $ 145,870 $ 87,874 Gross Profit (Loss) $ 9,047 $ (1,842) $ 14,833 $ (4,626) Adjusted Gross Profit (Loss) (1) $ 10,264 $ 249 $ 18,005 $ (916) Net Income (Loss) $ 1,287 $","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/928054/000092805423000200/0000928054-23-000200-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2023"},{"label":"Revenue","value":"$47,268"},{"label":"Net income","value":"$1,287"},{"label":"EPS","value":"$0.04 per diluted share"},{"label":"Guidance","value":"lowered"},{"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"}