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Flotek Industries Inc (FTK)

FTK on New York Consolidated

9.89USD
24 Jan 2017
Change (% chg)

$0.22 (+2.28%)
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$9.67
Open
$9.71
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$9.60
Volume
239,324
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Latest Key Developments (Source: Significant Developments)

Flotek Industries Provides interim update on Q4 operations
Tuesday, 20 Dec 2016 08:30am EST 

Flotek Industries Inc : Flotek Industries - expects total energy chemistry segment gross margins for Q4 to decline modestly, likely to 38-40% range, from Q3 level of 40.4% . Flotek Industries Inc - consumer and industrial chemistry segment revenues to decline by $2.5-$3.5 million in q4 when compared to Q3 results . Expects Q4 total energy chemistry segment revenues to increase by 10-15% when compared to q3, 2016 results .Flotek Industries, Inc provides interim update on fourth quarter operations.  Full Article

Flotek Industries files for resale of 2.7 million shares
Thursday, 11 Aug 2016 06:00pm EDT 

Flotek Industries Inc :Flotek Industries Inc files for resale of 2.7 mln shares of co's common stock that may be offered and sold by selling stockholders - SEC FILING.  Full Article

Flotek Industries says it has sold $30.7 million in equity financing
Monday, 8 Aug 2016 12:00pm EDT 

Flotek Industries Inc : Says it has sold $30.7 million in equity financing - SEC Filing Source - http://bit.ly/2aVSLnE Further company coverage: [FTK.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Flotek Industries to acquire International Polymerics Inc
Wednesday, 27 Jul 2016 07:12am EDT 

Flotek Industries Inc : Flotek announces acquisition of International Polymerics Inc, adding to speciality chemistry business and enabling further prescriptive chemistry management™ opportunities . Flotek will pay about $7.9 million in cash and issue about 248,000 shares of common stock as consideration . Included in assets will be about $1.2 million in working capital . Donald Bramblett will remain president of IPI . Acquisition will be treated as an asset purchase for income taxation purposes . Deal for consideration consisting of cash and Flotek common stock .Deal scheduled to close coincident with execution of stock purchase agreement, will become part of company's energy chemistry reporting segment.  Full Article

Flotek industries Q2 revenue $72.3 mln
Tuesday, 26 Jul 2016 04:46pm EDT 

Flotek Industries Inc : Revenue for Q2 2016 was $72.3 million, slightly higher than Q1 . Q2 earnings per share view $-0.10, revenue view $65.0 million -- Thomson Reuters I/B/E/S .For quarter ended June 30, 2016, company reported a net loss of $2.3 million or $0.04 per common share.  Full Article

Flotek Industries Inc announces technical partnership with ely & associates
Monday, 5 Oct 2015 07:00am EDT 

Flotek Industries Inc:Flotek Industries announces technical partnership with ely & associates, update on third quarter operating activity and third quarter reporting schedule.Says believes that cnf sales increased at least 25% when compared to second quarter cnf sales.  Full Article

Flotek Industries appoints Robert Schmitz as CFO
Monday, 1 Jun 2015 07:05am EDT 

Flotek Industries Inc:Announces appointment of robert m. schmitz as chief financial officer, h. richard walton named chief financial officer emeritus.Says robert m. schmitz succeeding h. richard walton.Richard Walton named chief financial officer emeritus.  Full Article

Flotek Industries Inc gives Q1 2015 earnings guidance
Tuesday, 21 Apr 2015 07:30am EDT 

Flotek Industries Inc:Expects Q1 2015 to report a net loss of about $1.5 million or $.03 per share on a fully diluted basis.Expects Q1 2015 Earnings Before Interest Taxes Depreciation and Amortization, or EBITDA, a non-GAAP measure of financial performance, is expected to be over $3 million.  Full Article

Flotek Industries Inc and Solazyme Inc announce strategic agreements
Tuesday, 14 Apr 2015 07:00am EDT 

Flotek Industries Inc and Solazyme Inc:Says companies and certain subsidiaries have entered into agreements to globally commercialize Flocapso, an innovative, advanced drilling fluid additive.In addition, Flotek will market Solazyme's Encapso lubricant - first commercially available, biodegradable encapsulated lubricant for drilling fluids - in certain Middle Eastern markets.Under joint product development and marketing agreement (joint agreement).Both will commercialize and market Flocapso, propretary formulation combining Flotek's patented Complex nano-Fluid chemistries with Solazyme's proprietary Encapso technology.Laboratory and commercial testing indicate that Flocapso additive will allow use of water-based fluids in wells that previously required more expensive and invasive oil-based products, providing an environmentally superior, more efficient solution to drilling challenges around globe.  Full Article

BRIEF-Flotek Industries posts qtrly loss per share $0.05

* Qtrly revenue $73.7 million versus $ 88 million Source text for Eikon: Further company coverage: