Flotek Reports Record Fourth-Quarter Financial Results

An update from Flotek ( (FTK) ) is now available.

Flotek Industries announced its financial results for the fourth quarter and full year ending December 31, 2024, reporting strong performance with the highest quarterly results in terms of revenue, gross profit, net income, and adjusted EBITDA. The company achieved a 20% increase in fourth-quarter revenue compared to the previous year, driven by significant growth in data analytics service revenue and chemistry technologies. The year 2024 marked a strategic shift towards integrating data and chemistry solutions, resulting in improved operational efficiency and profitability metrics, and positioning Flotek as a leader in differentiated technologies within the energy and infrastructure sectors.

More about Flotek

Flotek Industries, Inc. operates in the energy and infrastructure sectors, focusing on innovative data and chemistry solutions. The company is known for its data analytics and chemistry technologies, which are designed to address the unique challenges of these industries, aiming to maximize returns and reduce costs for its clients.

YTD Price Performance: -18.70%

Average Trading Volume: 235,199

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $222.9M

For a thorough assessment of FTK stock, go to TipRanks’ Stock Analysis page.