Flotek Industries Inc. has reported its financial results for the second quarter of 2025, showcasing significant growth in several key areas. The company's total gross profit surged by 57% to $14.4 million, up from $9.2 million in the same quarter of the previous year. This increase was driven by robust revenue growth in the Chemistry Technologies segment, which saw a 19% rise, and an impressive 189% increase in the Data Analytics segment. The latter's service revenues grew more than 450% to $4.1 million, supported by $3.2 million related to a recent Asset Acquisition. Gross profit as a percentage of revenue improved to 25% from 20% year-over-year. Meanwhile, Selling, General and Administrative (SG&A) expenses amounted to $6.8 million, representing 12% of revenues, compared to $6.3 million or 14% in the prior-year period. The increase in SG&A expenses was attributed to higher non-cash stock compensation expense. Flotek's net income for the quarter was reported at $1.8 million, or $0.05 per diluted share, a slight decrease from $2.0 million, or $0.06 per diluted share, in the year-ago quarter. However, adjusted net income showed a significant rise to $6.0 million, with adjusted diluted earnings per share increasing by 167% to $0.16 from the previous year. The company also demonstrated strong performance in its Adjusted EBITDA, which increased by 113% to $9.5 million from $4.4 million. Flotek has maintained its guidance metrics, projecting total revenue between $200 million and $220 million, and Adjusted EBITDA between $34 million and $39 million. Flotek's CEO, Dr. Ryan Ezell, highlighted the exceptional financial performance and noted the company's success in expanding both its business segments, with revenues for the first half of 2025 being 31% higher than the same period last year. The Data Analytics segment is experiencing robust growth, driven by the increased adoption of advanced analytics solutions and expansion into the power generation market.
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