Flotek Industries, Inc. (FTK)

Flotek Industries Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	180.42	188.06	136.09	43.27	53.14	119.35
Revenue Growth (YoY)	5.37%	38.18%	214.53%	-18.58%	-55.48%	-32.86%
Cost of Revenue	149.22	163.8	142.79	40.01	81.81	148.1
Gross Profit	31.2	24.26	-6.7	3.26	-28.67	-28.75
Selling, General & Admin	27.53	27.87	27.12	20.17	22.76	27.98
Research & Development	2.28	2.49	4.44	5.54	7.21	8.86
Other Operating Expenses	-5.39	-29.28	0.66	9.1	85.09	9.92
Operating Expenses	24.42	1.08	32.22	34.81	115.07	46.75
Operating Income	6.78	23.19	-38.92	-31.55	-143.74	-75.5
Interest Expense / Income	1.46	2.86	7.05	0.08	0.06	2.02
Other Expense / Income	0	-4.53	-3.65	-1.06	-1.17	-43.87
Pretax Income	5.31	24.86	-42.33	-30.57	-142.63	-33.65
Income Tax	0.38	0.15	-0.02	-0.04	-6.18	0.26
Net Income	4.93	24.71	-42.31	-30.53	-136.45	-33.92
Shares Outstanding (Basic)	29	25	12	12	11	10
Shares Outstanding (Diluted)	30	28	12	12	11	10
Shares Change	14.56%	128.77%	1.45%	7.39%	16.28%	1.30%
EPS (Basic)	0.12	1.00	-3.41	-2.52	-12.00	-3.42
EPS (Diluted)	0.05	-0.10	-3.41	-2.52	-12.00	-3.42
Free Cash Flow	-9.56	-12.31	-39.3	-25.73	-49.15	-7.33
Free Cash Flow Per Share	-0.33	-0.50	-3.17	-2.10	-4.32	-0.75
Gross Margin	17.29%	12.90%	-4.92%	7.53%	-53.96%	-24.09%
Operating Margin	3.76%	12.33%	-28.60%	-72.92%	-270.49%	-63.26%
Profit Margin	2.73%	13.14%	-31.09%	-70.55%	-256.77%	-28.42%
Free Cash Flow Margin	-5.30%	-6.55%	-28.88%	-59.46%	-92.50%	-6.14%
Effective Tax Rate	7.17%	0.60%	-	-	-	-
EBITDA	10.29	31.47	-34.32	-29.2	-138.8	-22.43
EBITDA Margin	5.70%	16.73%	-25.22%	-67.48%	-261.19%	-18.79%
Depreciation & Amortization	3.51	3.75	0.96	1.29	3.77	9.21
EBIT	6.78	27.72	-35.28	-30.49	-142.57	-31.63
EBIT Margin	3.76%	14.74%	-25.92%	-70.46%	-268.28%	-26.50%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).