---
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"
generated_at: "2026-06-08T18:42:49.225657+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Flotek posts Q3 net income of $1.3M, first positive adjusted EBITDA since 2018

## Summary
- 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.

## SEC filing metadata
- 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
- 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/928054/000092805423000200/0000928054-23-000200-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/928054/000092805423000200/usgaap-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000928054-23-000200
- JSON: https://secwatch.observer/filing/0000928054-23-000200.json
- Plain text: https://secwatch.observer/filing/0000928054-23-000200.txt

## Key facts
- Earnings Releases
  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.
  - Period: third quarter ended September 30, 2023
  - Revenue: $47,268
  - Net income: $1,287
  - EPS: $0.04 per diluted share
  - Guidance: lowered
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/928054/000092805423000200/0000928054-23-000200-index.htm

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