Flotek Industries Inc (FTK) Earnings Report, Financial Results, Financial analysis

Flotek Industries Inc narrowed second quarter of 2023 net loss per share of $-0.02 compare to net loss per share of $-0.05 recorded in the same quarter a year ago a decrease compare to $-0.02 realized in previous quarter.

*second quarter of 2023*
Earnings Per Share	Revenues
$ -0.02	$ 51 Mill
$+0.03	$+21M +72.25 %

Flotek Industries Inc's Revenue rose by 72.25 % in second quarter of 2023 (Jun 30 2023) year on year, to $51 million and advanced by 5.39 % sequentially.

Flotek Industries Inc is Expected to report next financial results on November 08, 2023.

More on FTK's Income Statement

FTK's NET INCOME

Flotek Industries Inc's in thesecond quarter of 2023 recorded net loss of $-0.021 million, compare to net income of $6.240 million achieved in II. Quarter a year ago.

Sequentially company realized a net loss, compared to net income of $21.343 million in the previous quarter.

More on FTK's Growth

Flotek Industries Inc Inventories
Inventories grew by 38.86 % to $18 million from II. Quarter a year ago, sequentially inventories rose by 15.68 %. In Jun 30 2023 company's net cash and cash equivalents decreased by $-4 million

Earnings quality

Flotek Industries Inc does not pay out common stock dividend.

In trailing twelve-month period Flotek Industries Inc payed $ -0.14 cash per share, on a free-cash flow basis .

Book value grew by 60.33 % sequentially to $0.58 per share.
Tangible Book value grew to $ 0.58 per share from $ 0.36.

Company issued 11.06 million shares or 6.98 % in Jun 30 2023.

• More on FTK's Dividends

Market Capitalization (Millions)	748
Shares Outstanding (Millions)	170
Total Debt (Millions $)	0
Revenue (TTM) (Millions $)	192
Net Income (TTM) (Millions $)	-17
Cash Flow (TTM) (Millions $)	-24
Capital Exp. (TTM) (Millions $)	0
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	363

Earnings quality

Flotek Industries Inc does not pay out common stock dividend.

In trailing twelve-month period Flotek Industries Inc had negative $ -0.14 cash flow per share, on a free-cash flow basis .

Book value grew by 60.33 % sequentially to $0.58 per share.
Tangible Book value grew to $ 0.58 per share from $ 0.36.

Company issued 11.06 million shares or 6.98 % in Jun 30 2023.

• More on FTK's Balance Sheets

Market Capitalization (Millions)	748
Shares Outstanding (Millions)	170
Total Debt (Millions $)	0
Revenue (TTM) (Millions $)	192
Net Income (TTM) (Millions $)	-17
Cash Flow (TTM) (Millions $)	-24
Capital Exp. (TTM) (Millions $)	0
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	363

Flotek Industries Inc

FTK's Financial Statements and Analysis