8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

August 9, 2022

Date of Report (Date of earliest event reported)

Flotek Industries, Inc.

(Exact name of registrant as specified in its charter)

Delaware	001-13270	90-0023731
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

8846 N. Sam Houston Parkway W.,

Houston, TX 77064

(Address of principal executive office and zip code)

(713) 849-9911

(Registrant’s telephone number, including area code)

(Not applicable)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of Exchange on which registered
Common Stock, $0.0001 par value	FTK	NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02.    Results of Operations and Financial Condition.

On August 9, 2022, Flotek Industries, Inc. (the “Company”) issued a press release providing its financial results for the quarter ended June 30, 2022 and announcing that it will hold a conference call to discuss its operating results. The press release is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information furnished pursuant to Item 2.02 of this Current Report on Form 8-K and in Exhibit 99.1 shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is not subject to the liabilities of that section and is not deemed incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated in such filing.

Item 7.01    Regulation FD Disclosure

On August 9, 2022, the Company provided on its website a presentation containing information relating to its current operations and financial results. A copy of the presentation is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

Also on August 9, 2022, the Company issued a press release it had reached agreement in principle with ProFrac Holdings, LLC to provide 20 Verax® analyzers over a period of five years. The press release is furnished herewith as Exhibit 99.3 to this Current Report on Form 8-K and is incorporated herein by reference.

The information furnished pursuant to Item 7.01 of this Current Report on 8-K and in Exhibits 99.2 and 99.3 shall not be deemed to be “filed” for the purposes of Section 18 of the Exchange Act, is not subject to the liabilities of that section and is not deemed incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated in such filing.

Item 9.01.    Financial Statements and Exhibits.

    (d)    Exhibits.

Exhibit Number	Description
99.1	Press Release dated August 9, 2022
99.2	Presentation of Flotek Industries, Inc.
99.3	Press Release dated August 9, 2022

SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	FLOTEK INDUSTRIES, INC.
Date: August 10, 2022	/s/ Nicholas J. Bigney
	Name:	Nicholas J. Bigney
	Title:	Senior Vice President, General Counsel & Chief Compliance Officer

EX-99.1

Flotek Industries 8846 N. Sam Houston Pkwy W., Suite 150 Houston, Texas 77064 (713)-849-9911 www.flotekind.com FLOTEK ANNOUNCES SECOND QUARTER 2022 FINANCIAL RESULTS HOUSTON, August 9, 2022 - Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced second quarter results for the three months ended June 30, 2022. “I’m pleased to report our second quarter 2022 results in which revenue of $29.4MM increased 2.3x compared to the first quarter 2022 and 3.2x compared to the second quarter of 2021. Our Supply Agreement with ProFrac was effective as of April 1st, spans 10 years, and covers an equivalent volume of our full suite of downhole chemistries to serve 30 of their frac fleets or 70% of their total frac fleet, whichever is greater. While we are still in the early days of the contract, serving an average of 8 fleets in Q2, we remain confident in our ramp up to the full contract scope over the coming quarters. We also have no reason to expect that our relationship is bounded by the 30 fleet or 70% numbers. As we continue to provide exemplary service, ProFrac has the incentive to maximize chemical deliveries from Flotek due to the structure of our arrangement. ProFrac recently announced the acquisition of US Well Services which is expected to close in Q4. As a result, they expect to be operating 44 active frac fleets by the end of 2022. While 70% of 44 is a bit less than 31, we fully expect that we will win more of that business as we scale up” said John W. Gibson, Jr., Chairman, President, and Chief Executive Officer. “While we are proud of our ability to increase volume and revenue thus far, and are confident that we have the capability to fulfill future demand, we recognize that the glide path to positive Adjusted EBITDA hinges on future margins. We further recognize that this was only the first quarter of the ProFrac contract, and economies of scale and operating leverage should drive better margins as we continue to grow. In addition to the challenge any company would face evolving to growth at this pace, we were confronted with a difficult freight & logistics environment which our team is working hard to neutralize. In summary, we remain committed to achieving positive Adjusted EBITDA margins and continue to be optimistic about the future and expect improving financial performance throughout the year.” Key Second Quarter 2022 Financial Results • Total Revenues: Flotek generated second quarter 2022 consolidated revenue of $29.4 million, up 128% from $12.9 million in the first quarter of 2022, driven by increased activity with ProFrac and continued growth in deliveries to transactional Chemistry Technologies customers. • Net Income and EPS: The Company recorded net income of $6.2 million, or $0.08 per basic and $(0.05) diluted share, in the second quarter 2022 compared to a net loss of $10.7 million, or $0.15 per basic/diluted share, in the first quarter of 2022. The sequential improvement is primarily due to the change in fair value of contingent convertible notes payable of $17.2 million. • Non-GAAP Adjusted EBITDA: Adjusted EBITDA for the second quarter 2022 was negative $7.2 million, a 33% decline compared to negative $5.4 million in the first quarter 2022. Operational Highlights • In the first quarter 2022, the Company entered into a long-term supply agreement with ProFrac Services, LLC (ProFrac), to provide full downhole chemistry solutions for the greater of 33% of ProFrac’s crews or 10 crews minimum for three years. In the second quarter, the Company entered into an amended agreement with ProFrac to expand the Agreement to a term of 10 years and 70% of ProFrac’s frac fleet or 30 hydraulic fracturing fleets, whichever is greater. The expansion was overwhelmingly approved by shareholders on May 9, 2022. Combined, the contracts are expected to exceed $2 billion in revenue over the next decade. Additional details can be found in the Company’s SEC and 10-Q filings. Balance Sheet and Liquidity • As of June 30, 2022, the Company reported cash and equivalents of $33.1 million compared to $24.9 million at the end of the first quarter 2022, benefitted by the Private Investment in Public Equity (PIPE) transactions with ProFrac, which were disclosed previously. Exhibit 99.1

• On June 17, 2022, Flotek entered into a Securities Purchase Agreement with ProFrac. Pursuant to the Securities Purchase Agreement, the Company will receive $19,500,000 in cash and ProFrac will receive pre-funded warrants permitting ProFrac to purchase 13,104,839 shares of common stock of the Company at an exercise price equal to $0.0001 per share, representing a 20% premium to the 30-day volume average price of the Company’s common stock at the close of business on the day prior to the date of the Securities Purchase Agreement. ProFrac may not receive any voting or consent rights in respect of the Prefunded Warrants or the underlying shares unless and until the Company has obtained approval from a majority of its shareholders excluding ProFrac and its affiliates, and ProFrac has paid an additional $4,500,000 to the Company. • On April 18, 2022, the Company closed on a contract to sell the Waller, TX facility for $4.3 million. The proceeds are included in our second quarter 2022 results. In addition, the Company is currently entertaining an offer to sell the Monahans,TX facility and we expect to be able to close that sale in the coming quarters. The Monahans facility remained classified as held for sale as of June 30, 2022. Conference Call Details Flotek will host a conference call on August 10, 2022, at 9:00 a.m. CST (10:00 a.m. EST) to discuss its second quarter results for the three months ended June 30, 2022. Participants may access the call through Flotek’s website at www.flotekind.com under “Webcasts’’ or by telephone at 1-844-835-9986 approximately five minutes prior to the start of the call. Following the conclusion of the conference call, a recording of the call will be available on the Company’s website. About Flotek Industries, Inc. Flotek Industries, Inc. creates solutions to reduce the environmental impact of energy on air, water, land and people. A technology-driven, specialty green chemistry and data company, Flotek helps customers across industrial, commercial, and consumer markets improve their Environmental, Social, and Governance performance. Flotek’s Chemistry Technologies segment develops, manufactures, packages, distributes, delivers, and markets high-quality cleaning, disinfecting and sanitizing products for commercial, governmental and personal consumer use. Additionally, Flotek empowers the energy industry to maximize the value of their hydrocarbon streams and improve return on invested capital through its real-time data platforms and green chemistry technologies. Flotek serves downstream, midstream, and upstream customers, both domestic and international. Flotek is a publicly traded company headquartered in Houston, Texas, and its common shares are traded on the New York Stock Exchange under the ticker symbol “FTK.” For additional information, please visit www.flotekind.com. Forward -Looking Statements Certain statements set forth in this press release constitute forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) regarding Flotek Industries, Inc.’s business, financial condition, results of operations and prospects. Words such as will, continue, expects, anticipates, intends, plans, believes, seeks, estimates and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this press release. Although forward-looking statements in this press release reflect the good faith judgment of management, such statements can only be based on facts and factors currently known to management. Consequently, forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Further information about the risks and uncertainties that may impact the company are set forth in the Company’s most recent filing with the Securities and Exchange Commission on Form 10-K (including, without limitation, in the “Risk Factors” section thereof), and in the Company’s other SEC filings and publicly available documents. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect, any event or circumstance that may arise after the date of this press release. Inquiries, contact: Bernie Colson SVP, Corporate Development & Sustainability E: ir@flotekind.com P: (713) 726-5322

FLOTEK INDUSTRIES, INC. Unaudited Condensed Consolidated Statements of Operations (in thousands, except per share data) Three Months Ended Six Months Ended 6/30/2022 6/30/2021 3/31/2022 6/30/2022 6/30/2021 Revenue: Revenue from external customers $ 12,824 $ 9,165 $ 10,382 $ 23,206 $ 20,935 Revenue from related party 16,549 — 2,497 19,046 — Total revenues 29,373 9,165 12,879 42,252 20,935 Cost of goods sold 31,678 10,775 13,358 45,036 22,853 Gross loss (2,305) (1,610) (479) (2,784) (1,918) Operating costs and expenses: Selling, general, and administrative 7,431 4,203 4,879 12,310 10,287 Depreciation and amortization 182 253 195 377 560 Research and development 1,115 1,466 1,415 2,530 3,008 Gain on sale of property and equipment (1,914) (71) 8 (1,906) (69) Gain on lease termination — — (584) (584) — Change in fair value of contract consideration convertible notes payable (17,158) — 3,892 (13,266) — Total operating costs and expenses (10,344) 5,851 9,805 (539) 13,786 Income (loss) from operations 8,039 (7,461) (10,284) (2,245) (15,704) Other income (expense): Paycheck protection plan loan forgiveness — 881 — — 881 Interest expense (1,597) (17) (668) (2,265) (35) Other income (expense) , net (104) 72 224 120 39 Total other income (expense), net (1,701) 936 (444) (2,145) 885 Income (loss) before income taxes 6,338 (6,525) (10,728) (4,390) (14,819) Income tax expense (98) (21) 4 (94) (27) Net Income (loss) $ 6,240 $ (6,546) (10,724) (4,484) (14,846) Income (loss) per common share: Basic $ 0.08 $ (0.09) $ (0.15) $ (0.06) $ (0.22) Diluted $ (0.05) $ (0.09) $ (0.15) $ (0.12) $ (0.22) Weighted average common shares: Weighted average common shares used in computing basic loss per common share 74,861 69,531 73,858 73,476 69,001 Weighted average common shares used in computing diluted loss per common share 124,335 69,531 73,858 107,086 69,001

FLOTEK INDUSTRIES, INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except share data) June 30, 2022 December 31, 2021 ASSETS Current assets: Cash and cash equivalents $ 33,084 $ 11,534 Restricted cash 40 1,790 Accounts receivable, net of allowance for doubtful accounts of $514 and $659 at June 30, 2022 and December 31, 2021 , respectively 11,320 13,297 Accounts receivable, related party 12,030 — Inventories, net 13,249 9,454 Other current assets 4,000 3,762 Current contract asset 6,260 — Assets held for sale 535 2,762 Total current assets 80,518 42,599 Property and equipment, net 4,819 5,296 Operating lease right-of-use assets 1,771 2,041 Deferred tax assets, net 283 279 Other long-term assets 17 29 Long term contract assets 76,063 — TOTAL ASSETS $ 163,471 $ 50,244 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable 19,771 7,616 Accrued liabilities 7,115 8,996 Income taxes payable 103 4 Interest payable 106 82 Current portion of operating lease liabilities 636 602 Current portion of finance lease liabilities 34 41 Current portion of long-term debt 1,690 1,436 Convertible notes payable 18,323 — Contract consideration convertible notes payable 67,220 — Total current liabilities 114,998 18,777 Deferred revenue, long-term 84 91 Long-term operating lease liabilities 6,695 7,779 Long-term finance lease liabilities 38 53 Long-term debt 3,098 3,352 TOTAL LIABILITIES 124,913 30,052 Stockholders’ equity: Common stock, $0.0001 par value, 140,000,000 shares authorized; 82,884,690 shares issued and 76,773,333 shares outstanding at June 30, 2022 ; 79,483,837 shares issued and 73,461,203 shares outstanding at December 31, 2021 8 8 Additional paid-in capital 386,310 363,417 Accumulated other comprehensive income (loss) 176 81 Accumulated deficit (313,698) (309,214 Treasury stock, at cost; 6,022,634 and 5,580,920 shares at June 30, 2022 and December 31, 2021, respectively (34,238) (34,100 ) Total stockholders’ equity 38,558 20,192 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 163,471 $ 50,244

FLOTEK INDUSTRIES, INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) Six months ended June 30, 2022 2021 Cash flows from operating activities: Net loss $ (4,484) $ (14,846) Adjustments to reconcile net loss to net cash used in operating activities: Change in fair value of contingent consideration (134) (302) Change in fair value of contract consideration convertible notes payable (13,266) — Amortization of convertible note issuance costs 414 — PIK interest expense 1,819 — Amortization of contract assets 737 Depreciation and amortization 377 560 Provision for doubtful accounts, net of recoveries 87 (1) Provision for excess and obsolete inventory 769 580 Gain on sale of property and equipment (1,906) (69) Gain on lease termination (584) — Non-cash lease expense 112 163 Stock compensation expense 1,591 1,750 Deferred income tax (benefit) expense (5) 10 Paycheck protection plan loan forgiveness — (881) Changes in current assets and liabilities: Accounts receivable (10,141) 1,995 Inventories (4,521) (222) Income taxes receivable 7 207 Other current assets (244) (672) Contract assets, net (3,600) — Other long-term assets 12 541 Accounts payable 12,154 801 Accrued liabilities (2,924) (1,048) Operating lease liabilities (308) — Income taxes payable 99 168 Interest payable 24 24 Net cash used in operating activities (23,915) (11,242) Cash flows from investing activities: Capital expenditures (5) (31) Proceeds from sale of assets 4,194 74 Net cash provided by investing activities 4,189 43 Cash flows from financing activities: Proceeds from issuance of convertible notes 21,150 — Payment of issuance costs of convertible notes (1,084) — Proceeds from issuance of warrants 19,500 — Payments to tax authorities for shares withheld from employees (138) (78) Proceeds from issuance of stock 24 — Purchase from sale of common stock — (166) Payments for finance leases (21) (29) Net cash provided by (used in) provided by financing activities 39,431 (273) Effect of changes in exchange rates on cash and cash equivalents 95 (31) Net change in cash, cash equivalents and restricted cash 19,800 (11,503) Cash and cash equivalents at the beginning of period 11,534 38,660 Restricted cash at the beginning of period 1,790 664 Cash and cash equivalents and restricted cash at beginning of period 13,324 39,324 Cash and cash equivalents at end of period 33,084 27,781 Restricted cash at the end of period 40 40 Cash, cash equivalents and restricted cash at end of period $ 33,124 $ 27,821

FLOTEK INDUSTRIES, INC. Unaudited Reconciliation of Non-GAAP Items and Non-Cash Items Impacting Earnings (in thousands) Three Months Ended Six Months Ended 6/30/2022 6/30/2021 3/31/2022 6/30/2022 6/30/2021 Net income (loss) $ 6,240 $ (6,546) $ (10,724) $ (4,483) $ (14,846) Interest expense 1,597 17 668 2,265 35 Interest income — (3) — — (8) Income tax (benefit) expense 98 21 (4) 94 27 Depreciation and amortization 182 253 195 377 560 EBITDA (Non-GAAP) 8,117 (6,258) (9,865) (1,747) (14,232) Stock compensation expense 852 969 739 1,591 1,707 Severance and retirement 610 946 (4) 606 979 M&A transaction costs (228) 100 94 (133) (57) Inventory step-up — 32 — — 80 (Gain) loss on disposal of assets (1,914) (71) 8 (1,906) (69) Gain on lease termination — — (584) (584) — Contract consideration convertible notes payable revaluation adjustment (17,158) — 3,892 (13,266) — Amortization of contract assets 737 — — — 737 PPP loan forgiveness — (881) — — (881) Employee retention credit — (1,923) — — (1,923) Non-Recurring professional fees 1,742 447 274 2,017 594 Discontinued Legal Fees — (59) — — 459 Winter storm (natural disaster) — — — — 199 Adjusted EBITDA (Non-GAAP) $ (7,242) $ (6,698) $ (5,446) $ (13,422) $ (12,407) (1) Management believes that adjusted EBITDA for the three and six months ended June 30, 2022 and 2021, and the three months ended March 31, 2022, is useful to investors to assess and understand operating performance, especially when comparing those results with previous and subsequent periods. Management views the expenses noted above to be outside of the Company’s normal operating results. Management analyses operating results without the impact of the above items as an indicator of performance, to identify underlying trends in the business and cash flow from continuing operations, and to establish operational goals.

EX-99.2

AUGUST 2022 Investor Presentation // NYSE: FTK Exhibit 99.2

Forward-Looking Statements Certain statements set forth in this presentation constitute forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) regarding Flotek Industries, Inc.’s business, financial condition, results of operations and prospects. Words such as will, continue, expects, anticipates, intends, plans, believes, seeks, estimates and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this press release. Although forward- looking statements in this presentation reflect the good faith judgment of management, such statements can only be based on facts and factors currently known to management. Consequently, forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Further information about the risks and uncertainties that may impact the Company are set forth in the Company’s most recent filing with the Securities and Exchange Commission on Form 10-K (including, without limitation, in the "Risk Factors" section thereof), and in the Company’s other SEC filings and publicly available documents. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this presentation. Investor Presentation / August 2022 // 2

FLOTEK INDUSTRIES (FTK) Technology-driven chemistry and data analytics company Founded: 1985 Employees: ~140 Countries with Clients: 15+ Research Centers: 2 Corporate Headquarters: Houston Company Overview Energy Chemistry Technologies Sustainable stimulation chemistry to maximize production and minimize environmental impact. Commercial & Consumer Professional Chemistry High-performance products for commercial and personal use. Digital Technologies & Data Analytics Transforming business through real-time data, monitoring and visualization across the energy value chain. Abu Dhabi, UAE Raceland, LA Houston, TX (HQ) Marlow, OK Monahans, TX Headquarters Offices Chemical Technologies Data Analytics Investor Presentation / August 2022 // 3

Our Vision And Mission Our Vision Flotek Industries, Inc. creates solutions to reduce the environmental impact of energy on air, water, land and people. Our Mission To be the collaborative ESG partner of choice for sustainable chemistry technology and digital analytics solutions. Value Proposition We collaborate and deliver sustainable, optimized chemistry and data solutions that maximize our customer’s value while improving their ESG profile. Sustainable Chemistry & Data Solutions Collaborative Partnerships Investor Presentation / August 2022 // 4

Strategic Priorities Flawless Execution Exemplary safety and service delivery Capital-light Growth No new capital required to support robust growth Environmental Leadership Focus on protecting people, land, air, and water Investor Presentation / August 2022 // 5 Sustainable Revenue 10-year contract with guaranteed minimum of $2B+ Focus on Profitability Upper quartile performance of SG&A as a percentage of revenue Strong Balance Sheet Low debt balance positions company to prosper through the cycle

Flawless Execution • 412,160 hours worked with zero OSHA Recordable Injuries • ISO 9001, EPA, and FDA certification – no major findings • Maintained HSE regulatory compliance in the areas of: Air Permits, Storm Water Permits, Haz Mat Reporting, Haz Waste Reporting, OSHA Programs and Reporting. Flotek – HSE Metrics Year TRIR Average # of Employees Recordable Injuries Lost Time Days Restricted Days DART (Days Away) Auto Accidents 2018 0.963 357 5 180 0 0.385 2 2019 0.372 235 1 0 0 0.0 1 2020 0.800 188 2 29 59 0.40 1 2021 0.000 149 0 0 0 0 0 Safety is Priority #1 Minimize Non-Productive Time (NPT) Investor Presentation / August 2022 // 6 • Focus on customer intimacy to align organizational capabilities with client needs • Built client fulfillment team to improve real-time communication with customers’ wellsite operations • Deployed real-time telemetry to entire ISO fleet to provide instant monitoring of field-deployed chemistry

Supportive Industry Fundamentals • E&P focus on production stability and margin, not growth and market share • Capital discipline has been resilient across the value chain • Focus on ROIC and returning capital to shareholders Increased Industry Stability – So Far This Cycle is Different US onshore: Active vs Working fleet count Number of fleets Investor Presentation / August 2022 // 7 100 150 200 250 300 350 400 Q2 21 Q3 21 Q4 21 Q1 22 *Weekly Fleet Counts Unexpected disruption at start of Q1 Flat in Q2 @ 279 Avg Q2 22 Macro-environment factors • 7–10-year underinvestment in infrastructure • Continued supply chain disruptions Energy sector factors (OFS companies) • Equipment tightness expected over next +18 months • Lower capital intensity (replace vs build new) • Prioritize balance sheet strength Energy sector factors (Oil and gas operators) • OPEC spare production at historical low • Focus on developing known resources and less long-term exploration programs

Profrac Partnership Benefits • $2.1B in revenue backlog over 10 years • Take-or-pay aspect of contract provides for predictability of cash flow • Contract provides industry imprimatur and is not exclusive • Scale allows for greater cost efficiency through procurement • Friction reducers covered by a cost-plus mechanism that ensures a minimum margin • Provides opportunity to upsell higher margin chemicals $- $50,000 $100,000 $150,000 $200,000 $250,000 2022E 2023E 2024E 2025E 2026E 2027E 2028E 2029E 2030E 2031E 2032E ProFrac Contract Proves FTK is Industry’s Collaborative Partner of Choice ProFrac Contract Revenue Investor Presentation / August 2022 // 8

Gaining Market Share – Customer Consolidation Source: ProFrac ProFrac Strategy Supportive of Flotek Growth 44 Fleets by the end of 2022 June 21: ProFrac announced an agreement to acquire US Well Services (USWS) in all stock transaction Investor Presentation / August 2022 // 9

Gaining Market Share – Customer Consolidation Built-in revenue growth • ~280 total NAM frac fleets • Fully ramped ProFrac contract (30 fleets) translates to 11% market share • Served 8 ProFrac fleets on average in Q2 and ramping up • FTK entitled to provide chemistry by volume on the greater of 30 fleets or 70% of ProFrac’s total fleet count • Avg basin spend is $500k - $600k/month per fleet Strong consolidation trend continues • In March, ProFrac acquired FTS International (FTSI), a pure-play frac services provider with 25 total fleets • In June, ProFrac announced the acquisition of US Well Services • Top 5 frac service providers account for ~70% of market Halliburton Liberty Profrac Nextier ProPetro Universal Cudd Calfrac Evolution Other Market Share by Fleet Current North America Frac Fleet Investor Presentation / August 2022 // 10

Transactional Growth Managing for Rapid Growth Investor Presentation / August 2022 // 11 Transactional revenue expansion continues to outpace frac fleet market • +13% base growth compared to Q1 2022 • +100% compared to Q2 2021 Transactional business produces higher margins • Higher proportion of value-added chemistry Q2 2022 Revenue Breakdown ProFrac 53% Transactional 47%

Flotek Revenue Opportunity Managing for Rapid Growth Quarterly Consolidated Revenue Investor Presentation / August 2022 // 12 Average Crew Count • Q1 2022A – 0 • Q2 2022A – 8 • Q3 2022E – 16 $- $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 $50,000 Q1 2020A Q2 2020A Q3 2020A Q4 2020A Q1 2021A Q2 2021A Q3 2021A Q4 2021A Q1 2022A Q2 2022A Q3 2022E

Chemical Portfolio Strategy – Margin Improvement Investor Presentation / August 2022 Reducing costs • Reduced personnel costs while reinvesting in revenue generating roles - net annualized cost savings of $1MM+ $- $10,000 $20,000 $30,000 $40,000 $50,000 2017 2018 2019 2020 2021 2022 (Budget) G&A R&D Multiple Opportunities to Drive Improved Margins Top Quartile SG&A (% of Revenue) Corporate Spend COGS are the majority of cost Locked-in positive margin on industry loss-leading friction reducers In-basin deployment and blending • Establish forward staging areas • Reduction in product returns from customers Leverage volume spend • Strategic supply and economies of scale Technical reformulation support • Raw material cost reductions on key formulations // 13

Capital-light Growth Marlow Liquid Blending Facility • Capacity ~ 60MM gallons/year • 35 bulk storage tanks: 755k gallons • Heated bulk storage: 195k gallons • Ambient bulk storage: 560k gallons Low Asset Utilization Rate Means Minimal Capex Required For Growth Investor Presentation / August 2022 // 14

Path to Positive Adjusted EBITDA Margin Revenue Growth + Expense Management + Capital Light Growth = Positive Adjusted EBITDA Margin Investor Presentation / August 2022 // 15 -80.0% -70.0% -60.0% -50.0% -40.0% -30.0% -20.0% -10.0% 0.0% Q1 2020A Q2 2020A Q3 2020A Q4 2020A Q1 2021A Q2 2021A Q3 2021A Q4 2021A Q1 2022A Q2 2022A Q3 2022E Q4 2022E 2022 Quarterly Adjusted EBITDA Margin

Strong Balance Sheet Cash Balance as of June 30th, 2022 – $33.1MM ProFrac Equity Investment • ProFrac invested another $19.5MM in Flotek equity • Purchase of pre-funded warrants completed at a 20% premium to 30 day VWAP Real Estate Asset Optimization • Waller, TX: Sold facility for $4.3MM in April, 2022 • Monahans, TX: Currently entertaining offers • Calgary, Canada: Lease terminated at the end of February, 2022 Paycheck Protection Program (PPP) • In Q1 2021 Flotek secured full forgiveness for JP3 PP loan of $881k • Filed for substantial forgiveness of Flotek’s $4.8MM PPP loan Taking decisive action to preserve balance sheet strength and liquidity to weather all cycles Investor Presentation / August 2022 // 16

Our Solutions: Accelerating ESG Goals For Our Customers Our strategy is to improve our customers’ ESG performance through green chemistry and digital transformation solutions. • Our products are positioned to deliver value in an ESG-focused world. • We help our partners and customers enhance their license to operate through green chemistry and data analytics. • Our green chemistry technologies reduce total cost of ownership and environmental risk. • Our real-time data analytics help transform businesses, reducing their carbon footprint, energy consumption and emissions. • Market expansion opportunities through ESG partnerships and adjacent markets (industrial, geothermal, agriculture, solar, and advancing blue/turquoise hydrogen). Flotek Green Chemistry High-performance green chemistry Bio-based chemistry portfolio reduces liabilities in the event of cleanup or spills* Sustainable water use Reduce volumes/usage of fresh water and increase usage of produced water Reduced greenhouse gas emissions and waste Reducing carbon footprint, energy consumption and emissions through more efficient operations and real-time monitoring A partnership with far-reaching positive effects Maximize the convergence of asset performance, environmental protection, economic value and safety of the community Reduced environmental impact & risk Patented portfolio of products based on naturally sustainable, biodegradable, non-toxic plant terpenes *15MM+ Gallons of product delivered and pumped without any recordable spills Investor Presentation / August 2022 // 17

// Q2 2022 Highlights & Recent Trends // 18

Q2 2022 HIGHLIGHTS & RECENT TRENDS • ProFrac Supply Agreement effective April 1, 2022 • Consolidated revenue of $29.4MM was up 128% QoQ and 221% YoY, driven by the ProFrac Supply Agreement and continued growth in deliveries to transactional Chemistry Technologies customers • Excluding the $0.7MM non-cash revenue reduction associated with the ProFrac Supply Agreement and convertible notes, revenue was $30.1MM • Gross margin was negative $2.3MM, down from negative $0.5MM in Q1 2022 and negative $1.6MM in Q2 2021 • Excluding the $0.7MM non-cash revenue reduction mentioned above, gross margin was negative $1.6MM in Q2 2022 • Non-GAAP EBITDA in Q2 2022 was positive $8.1MM vs. negative $9.9MM in Q1 2022 and negative $6.3MM in Q2 2021 • The major item impacting the significant improvement was a $17.2MM non-cash change in fair value of convertible notes • Non-GAAP Adjusted EBITDA in Q2 2022 was a loss of $7.2MM, down $1.8MM vs. Q1 2022, and down $4.0MM vs. Q2 2021. • Adjusted EBITDA as a % of revenue improved to a loss of 24% vs. 42% in Q1 2022 Q2 2022 // 19

Q2 2022 HIGHLIGHTS & RECENT TRENDS • Strengthened our liquidity position significantly • $19.5MM pre-funded warrants issued to ProFrac at 20% premium to 30 day VWAP in June • Waller, TX: Sold facility for $4.3MM in April, 2022 and booked a $1.9MM gain • Cash position as of June 30, 2022 of $33.1MM Accounting considerations associated with ProFrac Supply Agreement and convertible notes • Each quarter we will book a non-cash revenue reduction based on the value of the convertible notes we issued to ProFrac amortized over the 10-year life of the Supply Agreement. • In Q2 we booked a non-cash revenue reduction of $0.7MM. • The convertible notes are marked to market at the end of each quarter based on a variety of factors, but most importantly the stock price at quarter end. The valuation methodology can be read in its entirety in the 10Q. • In Q2 2022 we booked a non-cash market to market gain of $17.2MM vs. a loss of $3.9MM in Q1 2022 Q2 2022 // 20

Recent Financials Unaudited Condensed Consolidated Statement of Operations (in thousands, except share data) // 21 Three Months Ended Six Months Ended 6/30/2022 6/30/2021 3/31/2022 6/30/2022 6/30/2021 Revenue: Revenue from external customers $ 12,824 $ 9,165 $ 10,382 $ 23,206 $ 20,935 Revenue from related party 16,549 — 2,497 19,046 — Total revenues 29,373 9,165 12,879 42,252 20,935 Cost of goods sold 31,678 10,775 13,358 45,036 22,853 Gross loss (2,305) (1,610) (479) (2,784) (1,918) Operating costs and expenses: Selling, general, and administrative 7,431 4,203 4,879 12,310 10,287 Depreciation and amortization 182 253 195 377 560 Research and development 1,115 1,466 1,415 2,530 3,008 Gain on sale of property and equipment (1,914) (71) 8 (1,906) (69) Gain on lease termination — — (584) (584) — Change in fair value of contract consideration convertible notes payable (17,158) — 3,892 (13,266) — Total operating costs and expenses (10,344) 5,851 9,805 (539) 13,786 Income (loss) from operations 8,039 (7,461) (10,284) (2,245) (15,704) Other income (expense): Paycheck protection plan loan forgiveness — 881 — — 881 Interest expense (1,597) (17) (668) (2,265) (35) Other income (expense) , net (104) 72 224 120 39 Total other income (expense), net (1,701) 936 (444) (2,145) 885 Income (loss) before income taxes 6,338 (6,525) (10,728) (4,390) (14,819) Income tax expense (98) (21) 4 (94) (27) Net Income (loss) $ 6,240 $ (6,546) (10,724) (4,484) (14,846) Income (loss) per common share: Basic $ 0.08 $ (0.09) $ (0.15) $ (0.06) $ (0.22) Diluted $ (0.05) $ (0.09) $ (0.15) $ (0.12) $ (0.22) Weighted average common shares: Weighted average common shares used in computing basic loss per common share 74,861 69,531 73,858 73,476 69,001 Weighted average common shares used in computing diluted loss per common share 124,335 69,531 73,858 107,086 69,001

Unaudited Condensed Consolidated Balance Sheets (in thousands, except share data) // 22 June 30, 2022 December 31, 2021 ASSETS Current assets: Cash and cash equivalents $ 33,084 $ 11,534 Restricted cash 40 1,790 Accounts receivable, net of allowance for doubtful accounts of $514 and $659 at June 30, 2022 and December 31, 2021 , respectively 11,320 13,297 Accounts receivable, related party 12,030 — Inventories, net 13,249 9,454 Other current assets 4,000 3,762 Current contract asset 6,260 — Assets held for sale 535 2,762 Total current assets 80,518 42,599 Property and equipment, net 4,819 5,296 Operating lease right-of-use assets 1,771 2,041 Deferred tax assets, net 283 279 Other long-term assets 17 29 Long term contract assets 76,063 — TOTAL ASSETS $ 163,471 $ 50,244 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable 19,771 7,616 Accrued liabilities 7,115 8,996 Income taxes payable 103 4 Interest payable 106 82 Current portion of operating lease liabilities 636 602 Current portion of finance lease liabilities 34 41 Current portion of long-term debt 1,690 1,436 Convertible notes payable 18,323 — Contract consideration convertible notes payable 67,220 — Total current liabilities 114,998 18,777 Deferred revenue, long-term 84 91 Long-term operating lease liabilities 6,695 7,779 Long-term finance lease liabilities 38 53 Long-term debt 3,098 3,352 TOTAL LIABILITIES 124,913 30,052 Stockholders’ equity: Common stock, $0.0001 par value, 140,000,000 shares authorized; 82,884,690 shares issued and 76,773,333 shares outstanding at June 30, 2022 ; 79,483,837 shares issued and 73,461,203 shares outstanding at December 31, 2021 8 8 Additional paid-in capital 386,310 363,417 Accumulated other comprehensive income (loss) 176 81 Accumulated deficit (313,698) (309,214) Treasury stock, at cost; 6,022,634 and 5,580,920 shares at June 30, 2022 and December 31, 2021, respectively (34,238) (34,100) Total stockholders’ equity 38,558 20,192 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 163,471 $ 50,244

Unaudited Condensed Consolidated Statements of Cash Flows (in thousands) // 23 Six months ended June 30, 2022 2021 Cash flows from operating activities: Net loss $ (4,484) $ (14,846) Adjustments to reconcile net loss to net cash used in operating activities: Change in fair value of contingent consideration (134) (302) Change in fair value of contract consideration convertible notes payable (13,266) — Amortization of convertible note issuance costs 414 — PIK interest expense 1,819 — Amortization of contract assets 737 Depreciation and amortization 377 560 Provision for doubtful accounts, net of recoveries 87 (1) Provision for excess and obsolete inventory 769 580 Gain on sale of property and equipment (1,906) (69) Gain on lease termination (584) — Non-cash lease expense 112 163 Stock compensation expense 1,591 1,750 Deferred income tax (benefit) expense (5) 10 Paycheck protection plan loan forgiveness — (881) Changes in current assets and liabilities: Accounts receivable (10,141) 1,995 Inventories (4,521) (222) Income taxes receivable 7 207 Other current assets (244) (672) Contract assets, net (3,600) — Other long-term assets 12 541 Accounts payable 12,154 801 Accrued liabilities (2,924) (1,048) Operating lease liabilities (308) — Income taxes payable 99 168 Interest payable 24 24 Net cash used in operating activities (23,915) (11,242) Cash flows from investing activities: Capital expenditures (5) (31) Proceeds from sale of assets 4,194 74 Net cash provided by investing activities 4,189 43 Cash flows from financing activities: Proceeds from issuance of convertible notes 21,150 — Payment of issuance costs of convertible notes (1,084) — Proceeds from issuance of warrants 19,500 — Payments to tax authorities for shares withheld from employees (138) (78) Proceeds from issuance of stock 24 — Purchase from sale of common stock — (166) Payments for finance leases (21) (29) Net cash provided by (used in) provided by financing activities 39,431 (273) Effect of changes in exchange rates on cash and cash equivalents 95 (31) Net change in cash, cash equivalents and restricted cash 19,800 (11,503) Cash and cash equivalents at the beginning of period 11,534 38,660 Restricted cash at the beginning of period 1,790 664 Cash and cash equivalents and restricted cash at beginning of period 13,324 39,324 Cash and cash equivalents at end of period 33,084 27,781 Restricted cash at the end of period 40 40 Cash, cash equivalents and restricted cash at end of period $ 33,124 $ 27,821

Unaudited Reconciliation of Non-GAAP Items and Non-Cash Items Impacting Earnings (in thousands) // 24 Three Months Ended Six Months Ended 6/30/2022 6/30/2021 3/31/2022 6/30/2022 6/30/2021 Net income (loss) $ 6,240 $ (6,546) $ (10,724) $ (4,483) $ (14,846) Interest expense 1,597 17 668 2,265 35 Interest income — (3) — — (8) Income tax (benefit) expense 98 21 (4) 94 27 Depreciation and amortization 182 253 195 377 560 EBITDA (Non-GAAP) 8,117 (6,258) (9,865) (1,747) (14,232) Stock compensation expense 852 969 739 1,591 1,707 Severance and retirement 610 946 (4) 606 979 M&A transaction costs (228) 100 94 (133) (57) Inventory step-up — 32 — — 80 (Gain) loss on disposal of assets (1,914) (71) 8 (1,906) (69) Gain on lease termination — — (584) (584) — Contract consideration convertible notes payable revaluation adjustment (17,158) — 3,892 (13,266) — Amortization of contract assets 737 — — — 737 PPP loan forgiveness — (881) — — (881) Employee retention credit — (1,923) — — (1,923) Non-Recurring professional fees 1,742 447 274 2,017 594 Discontinued Legal Fees — (59) — — 459 Winter storm (natural disaster) — — — — 199 Adjusted EBITDA (Non-GAAP) $ (7,242) $ (6,698) $ (5,446) $ (13,422) $ (12,407)

Investor Contact Bernie Colson SVP – Corporate Development & Sustainability investors@flotekind.com (713) 726-5322 // NYSE: FTK

EX-99.3

Flotek Industries 8846 N. Sam Houston Pkwy W., Suite 150 Houston, Texas 77064 (713)-849-9911 www.flotekind.com FLOTEK JP3 VERAX® ANALYZER ENABLES FIELD GAS USAGE AT PROFRAC HOUSTON, August 9, 2022 - Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK), a leader in technology- driven specialty green chemistry solutions, today announced an agreement in principle to provide 20 of the Company’s JP3 Verax® analyzer units to ProFrac Holdings for a period of five years. “In April we commenced a 10-year chemistry Supply Agreement with ProFrac, which we are ramping up. We served an average of 8 ProFrac frac fleets in the second quarter and expect to grow this rapidly. Today, we add a new facet to our already strong relationship. ProFrac’s adoption of Flotek’s JP3 Verax® analyzers is expected to accelerate diesel’s replacement with natural gas produced in the field in ProFrac’s dual-fuel fleets, thereby simultaneously reducing cost and greenhouse gas emissions while increasing returns to our producer customers and protecting their capital equipment. This is a win/win/win for Flotek, ProFrac, and producers.” said Chairman and CEO John W. Gibson, Jr. He continued, “current use cases show that maximizing natural gas usage in dual fuel fleets can reduce diesel consumption by 50 – 70%. This, in turn, can enable dual fuel operations to adhere to Tier 4 EPA emissions requirements, which represent a reduction of 35% compared to Tier 2. These environmental benefits are further expected to be accompanied by both a rapid pay-back and significant long-term financial returns. We are extremely excited about the future as more customers evaluate this technology.” “ProFrac’s agreement for JP3’s sensors allows reliable and consistent gas quality that protects our people and equipment in highly variable field conditions. We believe JP3’s energy content monitoring can be widely applied across the oil and gas industry,” says Matt Wilks, ProFrac’s Executive Chairman. About Flotek Industries, Inc. Flotek Industries, Inc. creates solutions to reduce the environmental impact of energy on air, water, land and people. A technology- driven, specialty green chemistry and data company, Flotek helps customers across industrial, commercial, and consumer markets improve their Environmental, Social, and Governance performance. Flotek’s Chemistry Technologies segment develops, manufactures, packages, distributes, delivers, and markets high-quality cleaning, disinfecting and sanitizing products for commercial, governmental and personal consumer use. Additionally, Flotek empowers the energy industry to maximize the value of their hydrocarbon streams and improve return on invested capital through its real-time data platforms and green chemistry technologies. Flotek serves downstream, midstream, and upstream customers, both domestic and international. Flotek is a publicly traded company headquartered in Houston, Texas, and its common shares are traded on the New York Stock Exchange under the ticker symbol “FTK.” For additional information, please visit www.flotekind.com. Forward-Looking Statements Certain statements set forth in this press release constitute forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) regarding Flotek Industries, Inc.’s business, financial condition, results of operations and prospects. Words such as will, continue, expects, anticipates, intends, plans, believes, seeks, estimates and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this press release. Although forward-looking statements in this press release reflect the good faith judgment of management, such statements can only be based on facts and factors currently known to management. Consequently, forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Further information about the risks and uncertainties that may impact the company are set forth in the Company’s most recent filing with the Securities and Exchange Commission on Form 10-K (including, without limitation, in the “Risk Factors” section thereof), and in the Company’s other SEC filings and publicly available documents. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect, any event or circumstance that may arise after the date of this press release. Inquiries, contact: Bernie Colson SVP – Corporate Development & Sustainability E: ir@flotekind.com P: (713) 726-5322 Exhibit 99.3

XML

Cover	Aug. 09, 2022
Cover [Abstract]
Document Type	8-K
Document Period End Date	Aug. 09, 2022
Entity Registrant Name	Flotek Industries, Inc.
Entity Incorporation, State or Country Code	DE
Entity File Number	001-13270
Entity Tax Identification Number	90-0023731
Entity Address, Address Line One	8846 N. Sam Houston Parkway W.
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77064
City Area Code	713
Local Phone Number	849-9911
Soliciting Material	false
Written Communications	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, $0.0001 par value
Trading Symbol	FTK
Security Exchange Name	NYSE
Entity Emerging Growth Company	false
Entity Central Index Key	0000928054
Amendment Flag	false