FTK Flotek Industries Inc.

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Possible Violations of Federal Securities Laws by Certain Officers and Directors of Flotek Industries, Inc.

Levi & Korsinsky announces it has commenced an investigation of Flotek Industries, Inc. (NYSE:FTK) (“Flotek Industries”) concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors.

On December 7, 2016, FourWorld Capital Management published a report alleging that studies done by Flotek Industries were based on incomplete data and failed to consider key variables in the oil production process, and that if the Company’s primary driver of revenue and profitability, CnF, were repriced to the same level of other generics of its kind, revenues would fall from $60 to $90 million per annum. To obtain additional information, go to:

http://zlk.9nl.com/universal-health-services-uhs

or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

EN
08/12/2016

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Reports on Flotek Industries Inc.

Flotek Industries Inc: 1 director

A director at Flotek Industries Inc sold 66,956 shares at 14.706USD and the significance rating of the trade was 74/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years c...

Jeff Robertson
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Improving Fundamental Outlook

We hosted a fireside chat with CEO Ryan Ezell on August 23, 2023. The conversation can be accessed on-demand in our full report. Increased scale in Flotek’s Chemistry Technologies segment required to meet obligations under the 10-year ProFrac chemistry supply agreement is driving business gains with other pressure pumping companies. Flotek has analyzed Permian Basin well performance to document production uplift in wells stimulated with its chemistry solutions. The trend among E&P operators to d...

Jeff Robertson
  • Jeff Robertson

Positioning the Business for Greater Resiliency

We hosted a fireside chat with President Ryan Ezell and CFO Bond Clement on April 20. Our discussion touched on management's efforts to streamline Flotek's operational and organizational structure to position the company to generate positive adjusted EBITDA. Flotek is three quarters into ramping up its ability to service a 10-year chemistry supply agreement signed in February 2022 with ProFrac, one of the largest providers of hydraulic fracturing services to the US oil and natural gas industry.....

Jeff Robertson
  • Jeff Robertson

Cost Efficiencies Starting to Flow Through Gross Profit

Flotek is repositioning the company's field operations to serve customers in both the Chemistry Technologies and Data Analytics business segments. Improved cost control contributed to $1.9 million of adjusted gross profit in 1Q23, compared with ($2.1) million in 4Q22 and ($0.5) million in 1Q22. The 1Q23 adjusted gross profit margin was 5.5% in 1Q23. In tandem with the 1Q23 earnings release on May 8, management initiated FY23 revenue and adjusted gross profit guidance of $210-230 million and 8-10...

Jonathan Moreland
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Monthly Insider Special Screens: January 1, 2021

InsiderInsights Ratings of Companies with Open-Market Form 4 Purchases; Sales Filed at the SEC on the date above. We separate the real investment intelligence from the noise. Saving you time, and improving your research process

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