Financial Performance - Flotek reported total revenues of 55.4millionforQ12025,a3740.4 million in Q1 2024[1] - Gross profit for Q1 2025 was 12.4million,up418.8 million in Q1 2024, with a gross profit margin of 23%[1][4] - Net income reached 5.4millioninQ12025,a2441.6 million in Q1 2024, resulting in diluted earnings per share of 0.17[1][13]−AdjustedEBITDAforQ12025was7.8 million, representing a 93% increase from 4.0millioninQ12024[1][13]−TotalrevenuesforQ12025increasedto55,362,000, a 37.1% rise from 40,374,000inQ12024[18]−NetincomeforQ12025was5,380,000, compared to 1,562,000inQ12024,representinga244.512,449,000, up 41.5% from 8,821,000inQ12024[18]−OperatingincomeforQ12025was5,567,000, a significant increase from 2,108,000inQ12024,markinga164.57,780,000, up from 4,026,000inQ12024,indicatinga93.50.18 for Q1 2025, compared to 0.05inQ12024,a260200 million and 220million,reflectinga12160 million multi-year contract[4] - External chemistry revenue increased by 88% and Data Analytics revenue rose by 57% in Q1 2025 compared to Q1 2024[4] - Selling, General and Administrative (SG&A) expenses were 6.3millioninQ12025,representing117,313,000, compared to 3,887,000inQ12024,reflectingan88.56,253,000, up from 5,219,000attheendofQ12024,a19.82,489,000 in Q1 2025, compared to an increase of 2,937,000inQ12024[20]ResearchandDevelopment−ResearchanddevelopmentexpensesforQ12025were355,000, slightly down from $406,000 in Q1 2024[18] Strategic Goals - The company aims to leverage innovative data and chemistry solutions to enhance customer value and drive future growth[5][6]
Flotek(FTK)2025-05-06 20:06