Savvy Trades and Investments

[2morrowsGains]

FTK...Combined with the organic growth, we anticipate our first month of business profitability in 2022, which should be followed by UNINTERRUPTED PROFITABILITY THEREAFTER.

- "We have solidified a partnership with ProFrac to deliver downhole chemistries to its hydraulic fracturing fleets in North America. Should the contract extension be approved by shareholders, we anticipate combined organic appropriate related 2023 revenues to be WELL IN EXCESS OF $200M. Furthermore, the segment has continued its growth into adjacent energy markets with revenue generation and geothermal drilling and cementing operations as well as solar panel coatings."

- WHAT IS THE SENSITIVITY OF THE PROFRAK DEAL TO OIL PRICES?...The great part about this contract, which I hope does not go unnoticed, is that it gives us continuity regardless of oil price.
The contract promises 70% of the crews or a minimum of 30 crews. And with them at 45 crews, they would have to come down by nearly 33% before we got to the 30 crews or less.
I think we are one of the only service companies that have true backlog in place that goes out for a decade, that is secure in the current price environment. And so pretty excited to know that we can make plans going forward and we have a robust revenue stream to support that.

ONLY APPROX 52% OF FLOTEK's CAPACITY IS BEING/WILL BE USED for the ProFrac contract, including the supply, the amendment, what baseline business has been in 2021.

PLENTY OF ROOM FOR SALES EXPANSION WITHOUT ANY TYPE OF CAPEX EXPENDITURE.

Notes above taken from the cc...
https://seekingalpha.com/article/4499127-flotek-industries-inc-s-ftk-ceo-john-gibson-on-q4-2021-results-earnings-call-transcript