{"schema_version":"secwatch.filing_event.v1","accession":"0000928054-24-000016","form_type":"8-K","ticker":"FTK","cik":"0000928054","company_name":"FLOTEK INDUSTRIES INC/CN/","filed_at":"2024-03-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.328257+00:00","generated_at":"2026-06-04T23:37:20.018774+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 reports FY2023 net income of $24.7M, first positive adjusted EBITDA since 2017","bullets":["Full-year revenue $188.1M (+38% YoY); net income $24.7M vs loss $42.3M in 2022.","Adjusted EBITDA $1.5M (first positive since 2017) vs -$26.2M in 2022.","Q4 2023 gross profit $9.4M vs loss $2.1M; revenue down 13% YoY to $42.2M.","Data analytics (JP3) revenue up 47% to $8.1M; next-gen system field trials, deployment mid-2024.","Material weakness & going concern issues from 2022 audit expected to be resolved."],"urls":{"canonical":"https://secwatch.observer/filing/0000928054-24-000016","json":"https://secwatch.observer/filing/0000928054-24-000016.json","markdown":"https://secwatch.observer/filing/0000928054-24-000016.md","text":"https://secwatch.observer/filing/0000928054-24-000016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/928054/000092805424000016/0000928054-24-000016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/928054/000092805424000016/usgaap-20240312.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T23:37:20.018774+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":"f7e2083fedbbbd9614831afc44ab7cdd0b510ab9","claim":"FLOTEK INDUSTRIES INC/CN/ reported financial results for the quarter and full year ended December 31, 2023.","evidence_excerpt":"On March 12, 2024 , Flotek Industries, Inc. (the “Company”) issued a press release providing its financial results for the quarter and full year ended December 31, 2023 and announcing that it will hold a conference call to discuss its operating results.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/928054/000092805424000016/0000928054-24-000016-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter and full year ended December 31, 2023"},{"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"}