Flotek Q4 revenue up 20% YoY, FY2024 adjusted EBITDA $20.3M beats $18.5M guidance

FLOTEK INDUSTRIES INC/CN/

Q4 2024 revenue $50.8M (+20% YoY); net income $4.4M ($0.14 diluted EPS) vs $2.1M in Q4 2023.
Full-year 2024 net income $10.5M ($0.34/share) vs net loss $(0.10)/share in 2023.
Adjusted EBITDA FY2024 $20.3M, highest since 2017 and 10% above guidance of $18.5M.
Data analytics service revenue surged 124% in Q4 YoY; gross margin improved to 24% from 22%.
2025 guidance to be issued with Q1 2025 results; conference call March 11 at 9:00 a.m. CT.

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