{"schema_version":"secwatch.filing_event.v1","accession":"0000928054-24-000048","form_type":"8-K","ticker":"FTK","cik":"0000928054","company_name":"FLOTEK INDUSTRIES INC/CN/","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.529288+00:00","generated_at":"2026-06-02T21:34:11.998885+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 Q1 net income $1.6M, adjusted EBITDA $4M vs -$3.9M YoY; FY24 EBITDA guidance $10-16M","bullets":["Revenue $40.4M (-16% YoY); gross profit $8.8M (+369% YoY); gross margin 22%.","Adjusted EBITDA $4.0M vs -$3.9M in Q1 2023; 3rd consecutive quarter of net income.","Diluted EPS $0.05 vs -$0.12; prior year net income benefited from $30.6M non-cash gains.","FY24 adjusted gross profit margin guided 18%-22% (vs 15% in 2023); adjusted EBITDA $10M-$16M (vs $1.5M).","ProFrac related revenue up 19% sequentially; data analytics segment revenue up 18% QoQ."],"urls":{"canonical":"https://secwatch.observer/filing/0000928054-24-000048","json":"https://secwatch.observer/filing/0000928054-24-000048.json","markdown":"https://secwatch.observer/filing/0000928054-24-000048.md","text":"https://secwatch.observer/filing/0000928054-24-000048.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/928054/000092805424000048/0000928054-24-000048-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/928054/000092805424000048/usgaap-20240507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T21:34:11.998885+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":"79ea5f455f239e80fa3379ae575c1fc21e6a9f22","claim":"FLOTEK INDUSTRIES INC/CN/ updated its full year 2024 guidance (initiated).","evidence_excerpt":"Flotek expects 2024 adjusted gross profit margin (2) to range between 18% and 22%, as compared to 2023 adjusted gross profit margin (1) of 15%. The Company expects 2024 adjusted EBITDA (2) to range between $10 million and $16 million as compared to $1.5 million in 2023 (1).","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/928054/000092805424000048/0000928054-24-000048-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2024"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}]},{"claim_id":"ccc2c009b715b995ae26d3f1f60e6c0f7f79228e","claim":"FLOTEK INDUSTRIES INC/CN/ reported the quarter ended March 31, 2024 results: revenue $ 40,374, net income $ 1,562, EPS $ 0.05 per diluted share.","evidence_excerpt":"Total Revenues $ 40,374 $ 48,007 (16)% Gross Profit $ 8,821 $ 1,880 369% Adjusted Gross Profit (1) $ 10,075 $ 2,647 281% Net Income $ 1,562 $ 21,343 (93)% Diluted Income (Loss) Per Share $ 0.05 $ (0.12) n/a","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/928054/000092805424000048/0000928054-24-000048-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Revenue","value":"$ 40,374"},{"label":"Net income","value":"$ 1,562"},{"label":"EPS","value":"$ 0.05 per diluted share"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}