chemical & logistics division develops, manufactures and sells specialty chemicals used in oil and gas well stimulation, cementing and blending. drilling products division designs, manufactures, repairs, markets and installs downhole drilling tools utilized in oilfield, mining, and water industries. artificial lift division provides pumping system components including electric submersible pumps or esps, gas separators, production valves.
Company profile
Ticker
FTK
Exchange
Website
CEO
John Gibson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Element Solutions • Cabot • Orion S.A • Versum Materials • WD-40 • Arq • GlyEco • Flexible Solutions International • ASP Isotopes • CuraScientific ...
SEC CIK
Corporate docs
Subsidiaries
Flotek Chemistry, LLC • Oklahoma Limited Liability Company • Flotek Paymaster, Inc. • Texas Corporation ...
IRS number
900023731
FTK stock data
Latest filings (excl ownership)
10-Q
2024 Q1
Quarterly report
9 May 24
8-K
Flotek Announces First Quarter 2024 Results Reflecting Improved Profitability
7 May 24
DEFA14A
Additional proxy soliciting materials
24 Apr 24
DEF 14A
Definitive proxy
24 Apr 24
10-K
2023 FY
Annual report
15 Mar 24
8-K
Results of Operations and Financial Condition
12 Mar 24
8-K
Departure of Directors or Certain Officers
8 Dec 23
10-Q
2023 Q3
Quarterly report
8 Nov 23
8-K
Flotek Reports Third Quarter 2023 Financial Results Driven by Strong Growth in Net Income and First Positive Adjusted EBITDA Quarter Since 2018
7 Nov 23
8-K
Entry into a Material Definitive Agreement
5 Oct 23
Transcripts
FTK
Earnings call transcript
2024 Q1
8 May 24
FTK
Earnings call transcript
2023 Q4
13 Mar 24
FTK
Earnings call transcript
2023 Q3
8 Nov 23
FTK
Earnings call transcript
2023 Q2
9 Aug 23
FTK
Earnings call transcript
2023 Q2
9 Aug 23
FTK
Earnings call transcript
2023 Q1
9 May 23
FTK
Earnings call transcript
2022 Q4
21 Mar 23
FTK
Earnings call transcript
2022 Q3
9 Nov 22
FTK
Earnings call transcript
2022 Q2
10 Aug 22
FTK
Earnings call transcript
2022 Q1
17 May 22
Latest ownership filings
4
Ryan Gillis Ezell
22 Apr 24
11-K
Annual report of employee stock purchases
28 Mar 24
4
Ryan Gillis Ezell
12 Mar 24
3
Amy E. Blakeway
11 Mar 24
4
Ryan Gillis Ezell
11 Jan 24
4
JAMES BOND CLEMENT
20 Dec 23
SC 13D/A
Nierenberg Investment Management Company, Inc.
19 Dec 23
4
David Nierenberg
15 Dec 23
4
David Nierenberg
13 Dec 23
4
Ryan Gillis Ezell
6 Dec 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 4.56 mm | 4.56 mm | 4.56 mm | 4.56 mm | 4.56 mm | 4.56 mm |
Cash burn (monthly) | 1.46 mm | 337.75 k | (no burn) | (no burn) | 2.34 mm | 559.50 k |
Cash used (since last report) | 11.15 mm | 2.57 mm | n/a | n/a | 17.82 mm | 4.26 mm |
Cash remaining | -6.59 mm | 1.98 mm | n/a | n/a | -13.26 mm | 290.77 k |
Runway (months of cash) | -4.5 | 5.9 | n/a | n/a | -5.7 | 0.5 |
Institutional ownership, Q2 2023
13F holders | Current |
---|---|
Total holders | 45 |
Opened positions | 8 |
Closed positions | 7 |
Increased positions | 7 |
Reduced positions | 10 |
13F shares | Current |
---|---|
Total value | 13.25 bn |
Total shares | 205.70 mm |
Total puts | 3.90 k |
Total calls | 7.60 k |
Total put/call ratio | 0.5 |
Largest owners | Shares | Value |
---|---|---|
ACDC ProFrac Holding Corp - Ordinary Shares | 103.47 mm | $72.78 mm |
ProFrac | 78.78 mm | $86.66 mm |
Nierenberg Investment Management | 7.04 mm | $5.17 bn |
North Sound Trading | 5.57 mm | $0.00 |
Vanguard | 2.93 mm | $2.15 bn |
Masters Capital Management | 2.00 mm | $1.47 bn |
TFC Truist Financial | 1.11 mm | $812.94 mm |
BLK Blackrock | 871.35 k | $639.57 mm |
Dimensional Fund Advisors | 786.16 k | $577.04 mm |
Disciplined Growth Investors | 753.10 k | $552.78 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
19 Apr 24 | Ryan Gillis Ezell | Common Shares | Payment of exercise | Dispose F | No | No | 3.46 | 1,973 | 6.83 k | 102,471 |
8 Mar 24 | Ryan Gillis Ezell | Common Shares | Payment of exercise | Dispose F | No | No | 2.79 | 1,429 | 3.99 k | 104,444 |
29 Dec 23 | Ryan Gillis Ezell | Common Shares | Grant | Acquire A | No | No | 3.33 | 2,223 | 7.40 k | 105,873 |
19 Dec 23 | James Bond Clement | Common Shares | Payment of exercise | Dispose F | No | No | 3.83 | 2,802 | 10.73 k | 68,723 |
19 Dec 23 | James Bond Clement | Common Shares | Payment of exercise | Dispose F | No | No | 3.83 | 2,825 | 10.82 k | 71,525 |
News
Flotek Industries Q1 2024 GAAP EPS $0.05 Beats $0.04 Estimate, Sales $40.374M Miss $45.093M Estimate
7 May 24
Recap: Flotek Industries Q4 Earnings
12 Mar 24
Flotek Industries Q4 2023 GAAP EPS $0.07 Misses $0.08 Estimate, Sales $42.188M Miss $47.250M Estimate
12 Mar 24
Earnings Scheduled For March 12, 2024
12 Mar 24
Preview: Flotek Industries's Earnings
11 Mar 24
Press releases
EnerCom Announces Chris Wright, Chairman and Chief Executive Officer of Liberty Energy, as Keynote Speaker at the 29th Annual EnerCom Denver - The Energy Investment Conference
14 May 24
Flotek Announces First Quarter 2024 Results Reflecting Improved Profitability
7 May 24
EnerCom Announces Mike Wirth, Chairman and Chief Executive Officer of Chevron, as Keynote Speaker at the 29th Annual EnerCom Denver - The Energy Investment Conference
1 May 24
EnerCom is Pleased to Announce that Registration is Now Open for the 29th Annual EnerCom Denver - The Energy Investment Conference
16 Apr 24
Flotek Announces Timing of First Quarter 2024 Earnings Release and Conference Call
8 Apr 24