Flotek Industries, Inc. Provides Revenue Guidance for the First Half and Full Year of 2023
May 09, 2023 at 04:42 am IST
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Flotek Industries, Inc. provided revenue guidance for the first half and full year of 2023. The company expects revenue in the first half of 2023 will exceed annual revenue for 2022.
For the period, the company has initiated full year 2023 guidance for revenue of $210 million to $230 million.
Flotek Industries, Inc. is a technology-driven, specialty green chemistry and data company. The Companyâs segments include Chemistry Technologies and Data Analytics. The Companyâs Chemistry Technologies segment designs, develops, manufactures, packages and distributes green, specialty chemicals that help customers improve their return on invested capital, lower operational costs and realize tangible environmental benefits aimed at enhancing the profitability of hydrocarbon producers. The Companyâs Data Analytics segment provides analytics associated with their hydrocarbon streams in seconds rather than minutes or days. The real-time access to information prevents waste, reduces reprocessing and allows users to pursue automation of their hydrocarbon streams to increase their profitability. It helps customers across industrial and commercial markets improve their environmental performance. It serves specialty chemistry needs for both domestic and international energy markets.
FLOTEK INDUSTRIES, INC. 
