Key Developments: Flotek Industries Inc (FTK)

FTK on New York Consolidated

18.54USD
18 Dec 2014
Price Change (% chg)

$0.95 (+5.40%)
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Latest Key Developments (Source: Significant Developments)

Flotek Industries Inc gives Q3 2014 revenue guidance above analysts' estimates
Monday, 6 Oct 2014 06:55am EDT 

Flotek Industries Inc:Expects Q3 2014 revenue to exceed $115 million.Q3 2014 revenue of $113 million - Thomson Reuters I/B/E/S.  Full Article

Flotek Industries announces closing of SiteLark, LLC acquisition
Tuesday, 15 Apr 2014 07:00am EDT 

Flotek Industries Inc:Closes acquisition of SiteLark, LLC.$0.6 mln in total consideration has been paid for acquisition.  Full Article

Flotek Industries Inc announces acquisition of intellectual property
Monday, 7 Apr 2014 06:55am EDT 

Flotek Industries Inc:Agreement to acquire certain intellectual property.For use of complex nano-Fluid Chemistry in Drilling Fluids Systems.To expand use of its patented Complex nano-Fluid(tm) technology into drilling fluids systems.To provide superior solution for myriad of challenges, especially those presented by unconventional drilling programs.  Full Article

Flotek Industries Inc gives Q1 2014 revenue guidance
Monday, 7 Apr 2014 06:55am EDT 

Flotek Industries Inc:Says that it believes revenue should exceed $102 mln for Q1 2014.Q1 2014 revenue of $107 mln - Thomson Reuters I/B/E/S.  Full Article

Flotek Industries Inc announces intent to acquire SiteLark, LLC
Tuesday, 11 Feb 2014 07:25am EST 

Flotek Industries Inc:Enters into a Letter of Intent to acquire Plano, Texas based SiteLark, LLC.SiteLark is a provider of reservoir engineering and modelling services for a variety of hydrocarbon applications.Says it will provide total initial consideration of $0.6 mln in cash and Flotek common stock for SiteLark.It expects to close on the SiteLark acquisition by Mar. 31.  Full Article

Flotek Industries Inc announces completion of purchase of Eclipse IOR Services, LLC and expansion of enhanced oil recovery platform
Thursday, 16 Jan 2014 07:23am EST 

Flotek Industries Inc:Says the closing of its purchase of Eclipse IOR Services LLC (EOGA) and plans to expand its Enhanced Oil Recovery (EOR) platform.Says total consideration for the purchase was $7,000,000, including $5.25 mln in cash and 94,354 shares of Flotek Common Stock.Says transaction is effective Jan. 1.  Full Article

Flotek Industries Inc issues Q4 2013 revenue guidance in line with analysts' estimates
Tuesday, 14 Jan 2014 06:55am EST 

Flotek Industries Inc:Says revenue in Q4 2013 should exceed $100 mln.Q4 2013 Revenue of $102 mln - Thomson Reuters I/B/E/S.  Full Article

Flotek Industries Inc Receives Contract
Thursday, 8 Aug 2013 06:25am EDT 

Flotek Industries Inc announced that it has entered into a contract to provide certain advanced chemistry technologies and Enhanced Oil Recovery consulting services to AlMansoori Production Services Company, LLC (MPS) of Abu Dhabi in the United Arab Emirates. The contract, the initial phase of which provides revenue potential of approximately $4.0 million, calls for Flotek to assist MPS in the development and execution of a program to enhance production in maturing wells and sustain long-term production utilizing Flotek chemistries.  Full Article

Flotek Industries Inc Announces Intent To Acquire Eclipse IOR Services, LLC
Monday, 29 Jul 2013 05:45am EDT 

Flotek Industries, Inc. announced that it has entered into a non-binding Letter of Intent (the LOI) to acquire Keller, Texas based Eclipse IOR Services, LLC. (Eclipse). Eclipse is a provider of enhanced recovery technologies for oil and natural gas producers. Flotek will provide total consideration of approximately $6.5 million in cash and Flotek common stock for Eclipse, subject to completion of due diligence and certain working capital adjustments. The parties anticipate completing pre-closing requirements within 30 days.  Full Article

Flotek Industries Inc Issues Q2 2013 Revenue Guidance Above Analysts' Estimates
Monday, 29 Jul 2013 05:15am EDT 

Flotek Industries Inc announced that it expects revenues for second quarter of 2013 to exceed $93 million. Excluding revenue as a result of the recently-announced Florida Chemical Company acquisition, Flotek revenue should exceed $79 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $92 million for the second quarter of 2013.  Full Article

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