---
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"
generated_at: "2026-06-02T21:34:11.998885+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Flotek Q1 net income $1.6M, adjusted EBITDA $4M vs -$3.9M YoY; FY24 EBITDA guidance $10-16M

## Summary
- 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.

## SEC filing metadata
- 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
- 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/928054/000092805424000048/0000928054-24-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/928054/000092805424000048/usgaap-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000928054-24-000048
- JSON: https://secwatch.observer/filing/0000928054-24-000048.json
- Plain text: https://secwatch.observer/filing/0000928054-24-000048.txt

## Key facts
- Earnings Releases
  FLOTEK INDUSTRIES INC/CN/ updated its full year 2024 guidance (initiated).
  - Period: full year 2024
  - Guidance: initiated
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/928054/000092805424000048/0000928054-24-000048-index.htm
- Earnings Releases
  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.
  - Period: the quarter ended March 31, 2024
  - Revenue: $ 40,374
  - Net income: $ 1,562
  - EPS: $ 0.05 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/928054/000092805424000048/0000928054-24-000048-index.htm

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