---
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"
generated_at: "2026-06-04T23:37:20.018774+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Flotek reports FY2023 net income of $24.7M, first positive adjusted EBITDA since 2017

## Summary
- 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.

## SEC filing metadata
- 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
- 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/928054/000092805424000016/0000928054-24-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/928054/000092805424000016/usgaap-20240312.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000928054-24-000016
- JSON: https://secwatch.observer/filing/0000928054-24-000016.json
- Plain text: https://secwatch.observer/filing/0000928054-24-000016.txt

## Key facts
- Earnings Releases
  FLOTEK INDUSTRIES INC/CN/ reported financial results for the quarter and full year ended December 31, 2023.
  - Period: the quarter and full year ended December 31, 2023
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/928054/000092805424000016/0000928054-24-000016-index.htm

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