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-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
8-K
Material Modifications to Rights of Security Holders
25 Sep 23
S-3MEF
Registration of additional securities for an S-3
21 Sep 23
S-3MEF
Registration of additional securities for an S-3
21 Sep 23
8-K
Other Events
14 Sep 23
Transcripts
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 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
FTK
Earnings call transcript
2021 Q4
31 Mar 22
FTK
Earnings call transcript
2021 Q3
9 Nov 21
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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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
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) | 9.92 mm | 2.29 mm | n/a | n/a | 15.86 mm | 3.79 mm |
Cash remaining | -5.36 mm | 2.26 mm | n/a | n/a | -11.30 mm | 760.07 k |
Runway (months of cash) | -3.7 | 6.7 | n/a | n/a | -4.8 | 1.4 |
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 |
Press releases
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
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
12 Mar 24
Flotek Strengthens Executive Leadership Team with the Addition of Amy Blakeway as Senior Vice President, General Counsel
4 Mar 24
Flotek Announces Timing of Fourth Quarter and Year-End 2023 Earnings Release and Conference Call
12 Feb 24