FTK - Flotek Industries, Inc.
NYSE
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Energy
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Oil & Gas Equipment & Services
Houston,
United States
Type: Equity
FTK price evolution
FTK
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $5.95 | $4.55 | $8.94 | $12.53 |
| Short term investments | ||||
| Net receivables | $48.26 | $40.33 | $39.89 | $41.84 |
| Inventory | $12.84 | $15.88 | $18.4 | $15.9 |
| Total current assets | $76.45 | $73.21 | $78.99 | $81.86 |
| Long term investments | ||||
| Property, plant & equipment | $10.16 | $9.97 | $9.03 | $9.73 |
| Goodwill & intangible assets | ||||
| Total noncurrent assets | $81.07 | $79.31 | $79.04 | $81.53 |
| Total investments | ||||
| Total assets | $157.51 | $152.52 | $158.03 | $163.39 |
| Current liabilities | ||||
| Accounts payable | $31.7 | $33.44 | $44.95 | $41.93 |
| Deferred revenue | $0.04 | $0.04 | $0.04 | $0.04 |
| Short long term debt | $10.14 | $6.33 | $3.12 | $47.06 |
| Total current liabilities | $47.78 | $45.24 | $53.26 | $98.88 |
| Long term debt | $7.74 | $7.64 | $6.74 | $7.34 |
| Total noncurrent liabilities | $7.77 | $7.68 | $6.77 | $7.38 |
| Total debt | $17.88 | $13.97 | $9.85 | $54.41 |
| Total liabilities | $55.55 | $52.91 | $60.03 | $106.25 |
| Shareholders' equity | ||||
| Retained earnings | -$326.81 | -$328.91 | -$330.2 | -$330.18 |
| Other shareholder equity | $0.13 | $0.19 | $0.15 | $0.16 |
| Total shareholder equity | $101.96 | $99.6 | $98 | $57.14 |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $5.95 | $12.39 | $13.32 | $39.32 |
| Short term investments | ||||
| Net receivables | $48.26 | $48.93 | $13.3 | $11.76 |
| Inventory | $12.84 | $15.72 | $9.45 | $11.84 |
| Total current assets | $76.45 | $81.09 | $42.6 | $66.45 |
| Long term investments | ||||
| Property, plant & equipment | $10.16 | $10.73 | $7.34 | $11.41 |
| Goodwill & intangible assets | $8.09 | |||
| Total noncurrent assets | $81.07 | $83.72 | $7.64 | $19.75 |
| Total investments | ||||
| Total assets | $157.51 | $164.81 | $50.24 | $86.21 |
| Current liabilities | ||||
| Accounts payable | $31.7 | $33.38 | $7.62 | $5.79 |
| Deferred revenue | $0.04 | $0.04 | $0.09 | $0.12 |
| Short long term debt | $10.14 | $108.78 | $2.08 | $4.74 |
| Total current liabilities | $47.78 | $151.37 | $18.78 | $28.86 |
| Long term debt | $7.74 | $2.75 | $11.18 | $10.06 |
| Total noncurrent liabilities | $7.77 | $10.84 | $11.28 | $10.18 |
| Total debt | $17.88 | $119.58 | $13.26 | $14.8 |
| Total liabilities | $55.55 | $162.21 | $30.05 | $39.04 |
| Shareholders' equity | ||||
| Retained earnings | -$326.81 | -$351.52 | -$309.21 | -$278.69 |
| Other shareholder equity | $0.13 | $0.18 | $0.08 | -$0.02 |
| Total shareholder equity | $101.96 | $2.6 | $20.19 | $47.17 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $42.19 | $47.27 | $50.59 | $48.01 |
| Cost of revenue | $32.76 | $38.22 | $46.69 | $46.13 |
| Gross Profit | $9.43 | $9.05 | $3.9 | $1.88 |
| Operating activities | ||||
| Research & development | $0.26 | $0.76 | $0.86 | $0.61 |
| Selling, general & administrative | $6.57 | $6.53 | $8.35 | $6.45 |
| Total operating expenses | $7.05 | $7.43 | $7.11 | -$16.63 |
| Operating income | $2.38 | $1.62 | -$3.2 | $18.51 |
| Income from continuing operations | ||||
| EBIT | $2.48 | $1.53 | $0.69 | $23.02 |
| Income tax expense | $0.05 | $0.08 | $0.01 | $0.01 |
| Interest expense | $0.32 | $0.16 | $0.7 | $1.67 |
| Net income | ||||
| Net income | $2.1 | $1.29 | -$0.02 | $21.34 |
| Income (for common shares) | $2.1 | $1.29 | -$0.02 | $21.34 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $188.06 | $136.09 | $43.27 | $53.14 |
| Cost of revenue | $163.79 | $142.79 | $40.01 | $88.27 |
| Gross Profit | $24.26 | -$6.7 | $3.26 | -$35.13 |
| Operating activities | ||||
| Research & development | $2.49 | $4.44 | $5.54 | $7.21 |
| Selling, general & administrative | $27.87 | $27.12 | $20.17 | $16.31 |
| Total operating expenses | $1.08 | $32.22 | $34.81 | $108.52 |
| Operating income | $23.18 | -$38.92 | -$31.55 | -$143.65 |
| Income from continuing operations | ||||
| EBIT | $27.72 | -$35.28 | -$30.49 | -$142.57 |
| Income tax expense | $0.15 | -$0.02 | -$0.04 | -$6.18 |
| Interest expense | $2.86 | $7.05 | $0.08 | $0.06 |
| Net income | ||||
| Net income | $24.71 | -$42.3 | -$30.53 | -$136.45 |
| Income (for common shares) | $24.71 | -$42.3 | -$30.53 | -$136.45 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Net income | $2.1 | $1.29 | -$0.02 | $21.34 |
| Operating activities | ||||
| Depreciation | $0.9 | $0.88 | -$0.8 | $1.15 |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $0.31 | $0.27 | $0.28 | -$1.11 |
| Total cash flows from operations | -$2.05 | -$7.01 | -$3.37 | $1.14 |
| Investing activities | ||||
| Capital expenditures | -$0.49 | -$0.23 | -$0.14 | -$0.16 |
| Investments | ||||
| Total cash flows from investing | -$0.49 | -$0.23 | -$0.14 | -$0.16 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | $0.03 | $0.01 | $0.01 | -$0.6 |
| Net borrowings | $4 | $2.81 | -$0.05 | -$0.02 |
| Total cash flows from financing | $4 | $2.81 | -$0.07 | -$0.82 |
| Effect of exchange rate | -$0.07 | $0.05 | -$0.01 | -$0.02 |
| Change in cash and equivalents | $1.4 | -$4.39 | -$3.59 | $0.14 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | $24.71 | -$42.3 | -$30.53 | -$136.45 |
| Operating activities | ||||
| Depreciation | $3.75 | $0.96 | $1.29 | $3.77 |
| Business acquisitions & disposals | -$16.38 | |||
| Stock-based compensation | -$0.25 | $3.33 | $3.76 | $3.04 |
| Total cash flows from operations | -$11.3 | -$44.63 | -$25.84 | -$47.84 |
| Investing activities | ||||
| Capital expenditures | -$1.01 | $5.33 | $0.11 | -$1.32 |
| Investments | ||||
| Total cash flows from investing | -$1.01 | $5.33 | $0.11 | -$17.7 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | -$0.54 | $18.46 | $0.08 | $0.21 |
| Net borrowings | $6.74 | $20.03 | -$0.06 | $4.72 |
| Total cash flows from financing | $5.93 | $38.27 | -$0.37 | $3.73 |
| Effect of exchange rate | -$0.05 | $0.1 | $0.1 | -$0.1 |
| Change in cash and equivalents | -$6.44 | -$0.93 | -$26 | -$61.91 |
News
Fundamentals
| Market cap | $103.23M |
|---|---|
| Enterprise value | $115.16M |
| Shares outstanding | 29.66M |
| Revenue | $188.06M |
|---|---|
| EBITDA | $29.84M |
| EBIT | $27.72M |
| Net Income | $24.71M |
| Revenue Q/Q | -12.51% |
| Revenue Y/Y | 38.18% |
| P/E ratio | 4.18 |
|---|---|
| EV/Sales | 0.61 |
| EV/EBITDA | 3.86 |
| EV/EBIT | 4.15 |
| P/S ratio | 0.55 |
| P/B ratio | 1.01 |
| Book/Share | 3.43 |
| Cash/Share | 0.20 |
| EPS | $0.83 |
|---|---|
| ROA | 15.65% |
| ROE | 27.71% |
| Debt/Equity | 0.54 |
|---|---|
| Net debt/EBITDA | 1.66 |
| Current ratio | 1.60 |
| Quick ratio | 1.33 |