Flotek Industries, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 48.01 million compared to USD 12.88 million a year ago. Revenue was USD 48.01 million compared to USD 12.88 million a year ago.

Net income was USD 21.34 million compared to net loss of USD 10.72 million a year ago. Basic earnings per share from continuing operations was USD 1.32 compared to basic loss per share from continuing operations of USD 0.9 a year ago. Diluted loss per share from continuing operations was USD 0.12 compared to USD 0.9 a year ago.