Gerard Sweeney

Joshua Jayne

Jeffrey Grampp

Donald Crist

Chris Sakai

C.K. Poe Fratt

Eric Swergold

Gowshihan Sriharan

Jeff Grampp

- Flotek's **XSPCT optical spectrometer** has become the first optical instrument to achieve the stringent **GPA 2172 (API 14.5)** industry standard for accurate custody transfer in natural gas measurement.  **[928054_20251029DA09139:0]** 
- This qualification is expected to provide a **significant advantage** in discussions with prospective customers, offering reliable, real-time gas quality and volume data.  **[928054_20251029DA09139:0]** 
- The XSPCT delivers **real-time analysis every 15 seconds**, a substantial improvement over traditional methods, which reduces costs and enhances decision-making.  **[928054_20251029DA09139:0]** 
- Field trials demonstrated **proven reliability** with a negligible bias of **0.02% deviation** compared to traditional gas chromatography, and the technology has been approved by two industry-leading companies.  **[928054_20251029DA09139:0]**

Flotek's XSPCT Unit Meets GPA 2172 Standard

- Flotek Industries has completed a significant turnaround, with adjusted EBITDA growing from **$1.5 million in 2023** to **$20.3 million in 2024**, and current guidance set between **$36 million to $39 million**.  **[928054_2144545_2]**  This financial improvement has coincided with a nearly **230% increase in share price** over the last 18 months.  **[928054_2144545_2]** 
- The company is strategically transitioning from a cyclical oil and gas focus to an innovative chemistry and technology model, leveraging real-time data analytics.  **[928054_2144545_1]** **[928054_2144545_3]**  The data analytics segment's revenue is projected to **more than double** from **$8.5 million in 2024** to **over $20 million in 2025**, and is expected to contribute **60% of adjusted EBITDA in 2026**.  **[928054_2144545_1]** **[928054_2144545_3]** 
- Flotek has expanded its addressable market from **$2.6 billion in 2021** to almost **$20 billion** by Q3 2025, securing substantial recurring revenue contracts including a **$2 billion chemistry contract** and a **$160 million data analytics contract**, contributing to an almost **$180 million recurring revenue backlog**.  **[928054_2144545_2]** **[928054_2144545_3]**

Flotek Industries Reports Significant Financial Turnaround and Strategic Shift to Data Analytics

FLOTEK INDUSTRIES INC/CN/ (FTK)