Robust revenue growth highlights flotek's 2022 financial results

Houston , march 20, 2023 /prnewswire/ -- flotek industries, inc. ("flotek" or the "company") (nyse: ftk) today announced results for the fourth quarter and full-year ended december 31, 2022. full year 2022 revenue of $136.1 million increased 215% compared to 2021 amended profrac supply agreement provides incremental service fee on majority of products delivered under the agreement adjusted ebitda as a percentage of revenue improved for the sixth consecutive quarter year-end cash and cash equivalents of $12.3 million strong growth continued at jp3 with revenue up 20% sequentially new senior management team in place harsha v.
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