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Flotek Industries Inc (FTK) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Flotek Industries Inc (FTK) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Flotek Industries Inc develops and supplies chemistry and services to the oil and gas industries, and high value compounds to companies that make cleaning products, cosmetics, food and beverages and other products. Flotek Industries Inc has a market cap of $173.760 million; its shares were traded at around $3.03 with and P/S ratio of 0.66.

For the last quarter Flotek Industries Inc reported a revenue of $71.0 million, compared with the revenue of $79.46 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $177.8 million, a decrease of 43.9% from the previous year. For the last five years Flotek Industries Inc had an average revenue decline of 12.7% a year.

The reported loss per diluted share was $1.21 for the year, compared with the loss per share of $0.25 in the previous year. The Flotek Industries Inc had an operating margin of -18.6%, compared with the operating margin of -0.81% a year before. The 10-year historical median operating margin of Flotek Industries Inc is 8.89%. The profitability rank of the company is 4 (out of 10).

At the end of the fiscal year, Flotek Industries Inc has the cash and cash equivalents of $3.04 million, compared with $4.58 million in the previous year. The company had no long term debt. The interest coverage to the debt is 2.3, which is not a favorable level. Flotek Industries Inc has a financial strength rank of 5 (out of 10).

At the current stock price of $3.03, Flotek Industries Inc is traded at 61.2% discount to its historical median P/S valuation band of $7.80. The P/S ratio of the stock is 0.66, while the historical median P/S ratio is 1.71. The stock lost 52.87% during the past 12 months.

For the complete 20-year historical financial data of FTK, click here.

This article first appeared on GuruFocus.