HOUSTON, Sept. 14, 2023 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE:FTK) today announced it expects to report positive adjusted EBITDA(1) for the quarter ending September 30, 2023, accelerating its previous estimate of achieving this financial metric before year-end. Reaching positive adjusted EBITDA(1) builds upon the Company's improvement in its financial results over the last several quarters, highlighted by revenues and gross profit during the first half of 2023 increasing by approximately $56 million and $9 million, respectively, as compared to the first half of 2022. The Company expects that its third quarter 2023 adjusted EBITDA(1) will reflect the ninth consecutive quarter of improvement.
Read more at prnewswire.comFlotek Projects Achieving Financial Milestone in Third Quarter and Announces 1-for-6 Reverse Stock Split
PR Newswire -
Thu Sep 14, 2023
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