FTK News & Events

Geopolitical risk premium remained a headwind to investor sentiment on Wednesday as traders took stock of potential threats to the West Coast utility infrastructure from Iranian drones and also comments from Iranian military warning that the world should "get ready for $200 a barrel".  Energy was by far the best performing sector in the S&P 500, and that remains so in the evening session, with WTI Crude Oil contract up over 6% above $92.50 per barrel.  Oil price remains the key barometer with a strengthened inverse correlation to equity indices - in the opening hour, S&P 500 and Nasdaq 100 contracts are both down by 0.7%.Earnings season is over, though the markets are still reacting to Q4 reports trickling in among some notable tech names.  Strong results from Oracle helped the stock to lead the S&P 500 today with a 9% jump, though this evening's quarterly updates from select software stocks with AI exposure saw more muted reactions - UiPath was down 5% while cybersecurity provider Netscope was down nearly 20% despite above-consensus numbers.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Tilly'sup 74.2%Bumbleup 18.7%Petco Health and Wellnessup 6.3%Fossil Groupup 5.8%Viant Technologyup 4.2%Digimarcup 2.3%DOWN AFTER EARNINGS -Netskopedown 17.2%Flotek Industriesdown 8.6%HighPeak Energydown 7.7%Culpdown 5.9%UiPathdown 4.6%ALSO LOWER -GlobalFoundriesdown 4.7% after equity offering

Reports Q4 revenue $67.52M, consensus $53.37M. Reports Q4 revised adjusted EBITDA $8.047M vs. $5.752M last year. CEO Ryan Ezell remarked, "Our Q4 results cap a transformative 2025 and reinforce Flotek's data driven growth trajectory. Through the powerful convergence of real-time data analytics and chemistry solutions, we delivered standout performance across both segments. In 2025, Data Analytics grew exponentially while Chemistry outpaced the market in a challenging environment. The April 2025 entry into power services represents a game-changing platform expansion, unlocking high-margin, recurring opportunities in utilities and beyond. With Data Analytics now contributing nearly 50% of gross profit, our business is more balanced, resilient, and scalable than ever. We enter 2026 with strong tailwinds, proven execution, a growing backlog of recurring revenue, and early validation in new markets that position us for even greater momentum. Our 2025 results, including 191% growth in net income and a 123% increase in Adjusted EBITDA, were achieved safely and efficiently. The best is yet to come as we capitalize on these foundations to drive sustained, profitable expansion."

Flotek Industries announced that it has appointed Christina Ibrahim as Senior Vice President, General Counsel, Chief Compliance Officer, and Corporate Secretary effective March 2. Ibrahim most recently served as Senior Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary for Select Water Solutions.