Flotek Industries Inc
0.0 %
186.04 %
Yet to be announced
Company Overview
Flotek Industries, Inc. is a technology-driven chemistry and data company that develops innovative, green chemistry solutions for diverse industries. The company primarily serves the oil and gas industry, providing specialty chemicals and services designed to enhance the production and recovery of hydrocarbons while minimizing environmental impact. Their solutions include environmentally conscious chemical technologies for well stimulation, cementing, and drilling operations.
Revenue Sources
Based on the company's SEC filings and business model, Flotek's primary revenue streams come from providing green chemistry solutions and services to the energy industry. These activities involve legitimate business operations where actual products and services are exchanged. The company does not derive income from prohibited sources such as alcohol, gambling, or interest-based lending.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $49.74m | $47.27m | - | $256,000 | 0.00% | 0.54% |
| June 30, 2024 | $46.15m | $44.24m | - | $308,000 | 0.00% | 0.70% |
| March 31, 2024 | $40.37m | $38.54m | - | $278,000 | 0.00% | 0.72% |
| Dec. 31, 2023 | $42.19m | $40.09m | - | $320,000 | 0.00% | 0.80% |
Looking at the last four quarters, the company's interest expense relative to total expenses has been consistently minimal. The interest expense ratios have remained well below the 5% threshold that would indicate material reliance on interest-bearing debt. The company's operational model does not depend on interest income, as evidenced by zero interest income across all examined quarters.
Operational Ethics
After reviewing available company documents, public records, and business operations, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company primarily operates in North America and does not maintain material business relationships with the state of Israel or the Chinese Communist Party.
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