Flotek

Flotek develops and supplies speciality chemicals and cleaning products for oilfield, cosmetics and food and beverage sectors. Read more

John W. Gibson's photo - Chairman & CEO of Flotek

Chairman & CEO

John W. Gibson

CEO Approval Rating

85/100

Founded:

1985

Status:

PublicIndependent CompanyNYSEFTK

Annual Revenue
Employees
Sector

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FLOTEK TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

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Oil Chem has been one of Flotek's top competitors. Oil Chem is a Private company that was founded in 1995 in Sugar Land, Texas. Oil Chem operates in the Specialty Chemicals industry. Compared to Flotek, Oil Chem has 258 fewer employees.

Omnova is seen as one of Flotek's biggest rivals. Omnova is a Private company that was founded in Beachwood, Ohio in 1999. Omnova is in the Specialty Chemicals industry. Omnova has 1,827 more employees vs. Flotek.

Flowchem Technologies, LLC is perceived as one of Flotek's biggest rivals. Flowchem Technologies, LLC was founded in Rayne, Louisiana} in 2004. Flowchem Technologies, LLC competes in the Specialty Chemicals industry. Compared to Flotek, Flowchem Technologies, LLC generates $19M less revenue.

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Flotek Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$45.5M

Flotek's revenue is the ranked lowest among it's top 10 competitors. The top 10 competitors average 4.8B. Over the last four quarters, Flotek's revenue has grown by 32.5%. Specifically, in Q1 2021's revenue was $11.8M; in Q4 2020, it was $12.1M; in Q3 2020, it was $12.7M; in Q2 2020, Flotek's revenue was $8.9M.

Flotek Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
JP3 Measurement, LLC

May 2020

Source »
$34.4M
JP3 develops and provides gas identification and optical hydrocarbon analysis solutions to the oil and gas analyzer market.
International Polymerics Inc

Jul 2016

Source »
$7.9M
International Polymerics is a manufacturer and distributor of natural polymers guar gum and slurry to the oil and gas industry.
International Artificial Lift, LLC

Jan 2015

Source »
undisclosed
International Artificial Lift provides precision pumping and control equipment for the oilfield sectors.
SiteLark, LLC

Feb 2014

Source »
undisclosed
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These are all the companies that Flotek has acquired. Flotek has acquired 4 companies and its latest acquisition was JP3 Measurement, LLC in May 2020. JP3 develops and provides gas identification and optical hydrocarbon analysis solutions to the oil and gas analyzer market.

Flotek Funding History

Since Flotek was founded in 1985, it has participated in 3 rounds of funding. In total Flotek has raised $37.5M. Flotek's last funding round was on Apr 2020 for a total of $4.8M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Debt - PPP (CARES Act)
Apr 2020
$4.8M
Debt - PPP (CARES Act)
Apr 2020
$2M - $5M

U.S. Small Business Administration.

Equity
Jul 2016
$30.7M
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Since Flotek was founded in 1985, it has participated in 3 rounds of funding. In total Flotek has raised $37.5M. Flotek's last funding round was on Apr 2020 for a total of $4.8M

Flotek Investments

No recent investments found related to Flotek

These are all the companies that Flotek has invested in. Flotek has invested 4 companies and its latest investment was JP3 Measurement, LLC in May 2020. JP3 develops and provides gas identification and optical hydrocarbon analysis solutions to the oil and gas analyzer market.

Flotek News

March 11, 2021MarketScreener

Announces New Date For Fourth Quarter And Full-Year 2020 Results

(marketscreener.com) HOUSTON, March 10, 2021 /PRNewswire/ -- Flotek Industries, Inc. today announced ... See more »
March 9, 2021MarketScreener

Launches Flotek Protekol

(marketscreener.com) HOUSTON, March 9, 2021 /PRNewswire/ -- Flotek Industries, Inc. , a leader in spe... See more »
February 18, 2021MarketScreener

Announces Earnings Schedule For Q4 And Full-Year 2020 Results

(marketscreener.com) HOUSTON, Feb. 18, 2021 /PRNewswire/ -- Flotek Industries, Inc. today announced t... See more »
November 17, 2020NewsOk

3Q Earnings Snapshot

HOUSTON (AP) _ Flotek Industries Inc. (FTK) on Monday reported a loss of $45.2 million in its third q... See more »
November 17, 2020The Business Journals: Houston

Flotek Industries shakes up executive team, cuts workforce

The new executives worked with Flotek's CEO at a different company back in the '90s.... See more »
November 16, 2020Seeking Alpha

Flotek reports Q3 results

November 12, 2020MarketScreener

Welcomes Michael Fucci To Board Of Directors

(marketscreener.com) HOUSTON, Nov. 12, 2020 /PRNewswire/ -- Flotek Industries, Inc. welcomes Michael ... See more »

Flotek Press Releases

April 25, 2019PR Newswire

Flotek Industries Announces Earnings Schedule For First Quarter 2019 Results

HOUSTON, April 25, 2019 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FT... See more »
March 20, 2019PR Newswire

Flotek Announces Board Changes

HOUSTON, March 20, 2019 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FT... See more »
March 7, 2019PR Newswire

Flotek Announces Fourth Quarter And Full Year 2018 Results

HOUSTON, March 6, 2019 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK... See more »
January 11, 2019Centralcharts

Flotek Industries To Sell Florida Chemical To ADM For $175 Million

Flotek Industries, Inc. (NYSE: FTK) ("Flotek") today announced it has entered into a definitive agree... See more »
January 11, 2019StreetInsider

Flotek Industries To Sell Florida Chemical To ADM For $175 Million

HOUSTON, Jan. 11, 2019 /PRNewswire/ -- Flotek Industries, Inc. (NYSE: FTK) ("Flotek") today announced... See more »
January 11, 2019CentralCharts

Flotek Industries To Sell Florida Chemical To ADM For $175 Million

Flotek Industries, Inc. (NYSE: FTK) ("Flotek") today announced it has entered into a definitive agree... See more »
December 27, 2018StreetInsider

Flotek Announces Leadership Changes

HOUSTON, Dec. 27, 2018 /PRNewswire/ --Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK)... See more »

Flotek Videos

Social Media

Flotek Headquarters

10603 W Sam Houston Pkwy N Suite 300

Houston, Texas77064

713-849-9911

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Flotek Summary

ABOUT

Overview

Flotek develops and supplies speciality chemicals and cleaning products for oilfield, cosmetics and food and beverage sectors. Flotek was founded in 1985. Flotek's headquarters is located in Houston, Texas, USA 77064. It has raised 37.5M in 3 rounds. ...

CEO

Flotek's Chairman & CEO, John W. Gibson, currently has an approval rating of 85%. Flotek's primary competitors are Oil Chem, Omnova & Flowchem Technologies, LLC.

Frequently Asked Questions about Flotek

  1. When was Flotek founded?

    Flotek was founded in 1985
  2. Who is Flotek's CEO?

    Flotek's CEO is John W. Gibson
  3. How much revenue does Flotek generate?

    Flotek generates $45.5M in revenue
  4. How much funding does Flotek have?

    Flotek has historically raised $37.5M in funding
  1. Where is Flotek's headquarters?

    Flotek's headquarters is in Houston Texas, USA
  2. How many employees does Flotek have?

    Flotek has 273 employees
  3. Who are Flotek's competitors?

    Flotek's top competitors are Oil Chem, Omnova, Flowchem Technologies, LLC