A director at Flotek Industries Inc bought 136,324 shares at 12.110USD and the significance rating of the trade was 100/100. 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 yea...
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...
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.....
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...
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