Business Context and Reporting Period
Company: Flotek Industries, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: October 11, 2010
Reporting Period: Quarter ended September 30, 2010
This filing serves as a notification of a press release issued on October 11, 2010, which disclosed estimated minimum revenues for the third quarter of 2010. The filing also addresses Regulation FD disclosure requirements regarding an operational and financial update.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It references a press release (Exhibit 99.1) that contains the estimated minimum revenues for the quarter ended September 30, 2010, but the specific figures are not included in the body of this 8-K document.
Material Changes
No specific material changes in financial condition or operations are detailed within this filing text. The document acts as a conduit for information contained in the referenced press release.
Guidance, Outlook, and Risks
- Operational Update: The referenced press release provided an operational and financial update for the quarter ended September 30, 2010.
- Legal Contingencies: The filing discloses the status of certain stockholder litigation pending against the Company.
- Future Events: The press release disclosed the estimated schedule for releasing full operating results for the quarter and holding an investor conference call.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated October 11, 2010) for the specific estimated minimum revenue figures for Q3 2010.
- Verify the details and current status of the pending stockholder litigation mentioned in the filing.
- Confirm the scheduled date for the investor conference call and the release of full quarterly operating results.