FTK - Flotek GAAP EPS of -$0.25 revenue of $48.22M
2023-03-20 16:53:55 ET
- Flotek press release ( NYSE: FTK ): Q4 GAAP EPS of -$0.25.
- Revenue of $48.22M (+296.9% Y/Y).
- Increased the average number of ProFrac fleets serviced from 16 to 21 with growth expected to continue through the first half of 2023.
- Realized continued revenue growth in the transactional chemistry business in the quarter and gained market share for the sixth quarter in a row.
- Achieved approximately 11% market share of the active US frac fleets by the end of the fourth quarter. Well positioned with our workforce, infrastructure, and processes to capture additional market share.
- Shares +2.03% AH.
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Flotek GAAP EPS of -$0.25, revenue of $48.22M