Flotek Q4 revenue $67.5M, highest since 2017; full-year net income up 191%

FLOTEK INDUSTRIES INC/CN/

Q4 revenue $67.5M (+33% YoY); full-year revenue $237.3M (+27% YoY).
Q4 net income $3.0M (-32% YoY); diluted EPS $0.08 (-43% YoY).
Data Analytics gross profit accounted for 48% of total Q4 gross profit, up from 8%.
Full-year net income $30.5M (+191% YoY); diluted EPS $0.84 (+147% YoY).
Revised Adjusted EBITDA calculation; no longer adds back non-cash ProFrac contract asset amortization.

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