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Flotek Inds Inc Del - FTK STOCK NEWS

Welcome to our dedicated page for Flotek Inds Del news (Ticker: FTK), a resource for investors and traders seeking the latest updates and insights on Flotek Inds Del stock.

Flotek Industries Inc (NYSE: FTK) delivers innovative chemistry and data solutions for sustainable energy operations. This page provides investors and industry professionals with centralized access to all official Flotek news and press releases.

Track critical updates across Flotek's core operations: specialty chemical formulations for oilfield efficiency, downhole drilling tools engineering, and artificial lift systems development. Our news collection covers earnings announcements, technology partnerships, product launches, and sustainability initiatives.

Stay informed about developments in Flotek's green chemistry advancements and real-time data analytics solutions that help energy companies reduce environmental impact. Bookmark this page for direct access to strategic updates affecting FTK's market position in energy technology.

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Flotek Industries, Inc. announces schedule for releasing its third quarter results. The financial and operating results will be released on November 7, 2023, with an earnings conference call scheduled for November 8, 2023.
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Flotek Industries appoints Tom Redlinger as Vice President of Data Analytics, strengthening executive leadership team and bringing energy industry expertise. Redlinger's collaborative approach and global experience will drive strategic transformation of Flotek. Significant financial and market share improvements achieved in past months.
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Flotek Industries expects positive adjusted EBITDA for Q3 2023, showing improvement in financial results. Revenues and gross profit increased by $56 million and $9 million respectively in H1 2023 compared to H1 2022. Board of Directors approved 1-for-6 reverse stock split. No effect on par value or authorized shares. Reverse stock split expected to regain compliance with NYSE listing standards.
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Flotek to discuss market prospects and revenue growth opportunities in fireside chat with Water Tower Research
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Flotek Industries, Inc. has announced three internal executive appointments to solidify the Company's leadership team. Nathan Snoke is promoted to Senior Vice President - Global Business Lines, Shane Wise to Senior Vice President - Operations, and Andrea Berry to Vice President of People Operations. The promotions aim to strengthen the platform for continued growth and profitability. The executives bring over 60 years of experience and diverse backgrounds to the team.
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Flotek Industries, Inc. has entered into a revolving loan and security agreement with Amerisource Funding, Inc. The agreement provides for a 24-month term with up to $10 million of initial credit availability. The credit availability is expected to be increased by the lesser of 50% of the appraised value of the real estate and $5 million. The loan bears interest at the Wall Street Journal Prime Rate plus 2.5% per annum and will be used for working capital and other general corporate purposes.
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Flotek Inds Inc Del

NYSE:FTK

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203.42M
18.29M
39.21%
20.52%
2.1%
Oil & Gas Equipment & Services
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