Sixth Consecutive Quarter of Revenue Growth
Flotek Industries experienced its sixth consecutive quarter of revenue and gross profit growth, with a 26% increase in total revenue compared to the second quarter of 2024.
Data Analytics Segment Expansion
Data Analytics segment revenue increased by 189%, marking its strongest quarter ever. The segment also secured a multiyear contract estimated to deliver $156 million in revenue.
Significant Increase in Gross Profit
Gross profit increased by 57% compared to the second quarter of 2024, with a gross profit margin rising to 25%.
Adjusted EBITDA Growth
Adjusted EBITDA was up 113% compared to the second quarter of 2024 and more than 20% sequentially.
Zero Lost Time Incidents
Achieved significant operational milestones with zero lost time incidents in field operations.
PWRtek Assets Impact
New PWRtek assets generated $3.2 million in revenues and contributed roughly $3 million in gross profit, driving total company gross margins for the quarter to 25%.