UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-13270 FLOTEK INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Delaware 90-0023731 (State of other jurisdiction of incorpora ...

HOUSTON, March 12, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced operational and financial results for the fourth quarter and full-year ended December 31, 2023, highlighted by significant improvement in all profitability metrics, including net income, gross profit and adjusted gross profit(1). For the first time since 2017, the Company generated full-year positive adjusted EBITDA(1). Financial Summary (in thousands) Three months ended December 31, ...

Exhibit 99.1 Flotek Reports Fourth Quarter and Full-Year 2023 Results Highlighted by Growth in All Profitability Metrics Including a $31 Million Improvement in Annual Gross Profit | | | | Three months ended December 31, | | | | Twelve months ended December 31, | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 2023 | | 2022 | 2023 | | | 2022 | | Total Revenues | $ | 42,188 | $ | 48,217 | $ | 188,058 | $ | 136,092 | | Gross Profit (Loss) | $ | 9,430 | $ | (2,074) | $ | 24,263 | $ | (6,700) | | ...

HOUSTON, March 4, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced that it has appointed Amy Blakeway as Senior Vice President, General Counsel, effective March 1, 2024. With over a decade of legal experience in the energy sector, Ms. Blakeway brings unique expertise that will further strengthen the leadership team and help advance the Company's growth strategy to drive market share gains through its differentiated chemistry and data solutions. Ryan Ezell, ...

FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANG ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANG ACT OF 1934 For the transition period from to Commission File Number 1-13270 FLOTEK INDUSTRIES, INC. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Indicate by check mark whether the registrant (1) has ...

Appendix | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------|-----------------|-------------------------------------------|---------------| | | | | | | Empower customers with a social license to operate | | | | | Deliver value in the new sustainability-focused world | DATA ANALYTICS | | CHEMISTRY | | Reduce the total cost of ownership and environmental risk | | A Global Partner in Sustainability and | | | Transform businesses by reducing th ...

Financial Data and Key Metrics Changes - Flotek reported a 72% increase in total revenues for Q2 2023 compared to Q2 2022, with gross profit more than doubling from Q1 2023 [11][19] - Adjusted gross profit margin increased to 10% in Q2 2023, up from previous quarters, with cumulative gross profit running nearly $9 million to $10 million higher than the last two quarters of 2022 [21][40] - The company is forecasting total revenues between $210 million and $230 million for the full year, representing over 60% growth compared to the previous year [19][26] Business Line Data and Key Metrics Changes - The transactional chemistry business revenues increased by 68% from Q1 2023, contributing over 30% of total revenue, up from 19% in Q1 [20][12] - Data analytics revenues for the first half of 2023 approximately equaled the total revenues for all of 2022, indicating significant growth [30] Market Data and Key Metrics Changes - Flotek's global presence spans over 15 countries, including all major U.S. shale basins, enhancing its competitive advantage [13] - The company has seen a 26% average uplift in well performance for wells utilizing its prescriptive chemistry management compared to non-Flotek wells [32] Company Strategy and Development Direction - Flotek aims to drive revenue growth, market share expansion, and cost efficiency through differentiated technologies in chemistry and data analytics [30] - The company is transitioning to a more subscription-based service model in its data analytics segment, which is expected to enhance operational capabilities [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year guidance and highlighted the positive trajectory of improving results for the remainder of the year [10][19] - The leadership team emphasized the importance of cost control initiatives and maintaining a strong balance sheet with minimal debt [27] Other Important Information - The company is working towards securing an Asset-Based Lending (ABL) facility, which is expected to be finalized soon [54] - Flotek has settled two of three components in its legacy litigation, which is anticipated to reduce G&A costs moving forward [23] Q&A Session Summary Question: What is the clean share count now that the convertible notes are converted? - The clean share count is expected to be around 190 million shares if both proposals in the special meeting pass [50] Question: How widespread is the 26% uplift in well performance? - The data covers over 1,800 wells in the Permian Basin, indicating significant traction in the transactional business [47] Question: What are the dynamics behind the decrease in G&A costs? - The company has executed a new lease for its corporate headquarters, which is expected to save over $500,000 annually [43] Question: What is the status of the JP3 technology field tests? - Field tests for the new JP3 design have shown promising results, with expectations for scale-up in Q4 2023 and into 2024 [83]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANG ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANG ACT OF 1934 For the transition period from to Commission File Number 1-13270 FLOTEK INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Delaware 90-0023731 (State of other jurisdiction of incorpo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANG ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANG ACT OF 1934 For the transition period from to Commission File Number 1-13270 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-13270 FLOTEK INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Delaware 90-0023731 (State of other jurisdiction of incorpora ...