secwatch.observer — SEC 8-K summary
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Issuer:     FLOTEK INDUSTRIES INC/CN/ (FTK)
CIK:        0000928054
Form:       8-K
Filed at:   2025-03-10T23:59:59+00:00
Accession:  0000928054-25-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/928054/000092805425000012/0000928054-25-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/928054/000092805425000012/usgaap-20250310.htm
  HTML page:      https://secwatch.observer/filing/0000928054-25-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer