| Business Summary | | Flotek
Industries,
Inc.
manufactures
drilling
products
and
production
equipment.
The
Company's
drilling
products
division
manufactures
and
distributes
casing
centralizers,
which
are
vaned
cementing
sleeves
and
integral
joint
stand
off
tools
that
improve
mud
and
cementation
displacement
in
drilled
oil
wells.
The
Company's
production
equipment
division
develops,
manufactures
and
markets
the
Petrovalve
+
Plus
Pump
Valves
that
include
the
PetroValve
Gas
Breaker,
the
Standing
Valve
for
use
with
electric
downhole
pumps,
the
Petrovalve
Injector
Valve,
which
are
valves
for
downhole
sucker-rod
pumps
used
in
oil
wells. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Flotek
Industries,
Inc.
and
its
subsidiaries
consist
of
two
divisions
which
provide
proprietary
and
patented
products
and
services
used
in
the
drilling
and
production
of
oil
and
gas
wells.
For
the
three
months
ended
5/31/01,
revenues
rose
36%
to
$894
thousand.
Net
loss
applicable
to
Common
increased
55%
to
$14
thousand.
Revenues
reflect
the
increased
North
American
rig
counts
and
higher
oil
prices.
Higher
losses
reflect
the
payment
of
preferred
dividends. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Jerry Dumas | Pres,
CEO, Chief Accounting Officer, Director | Rosalie Melia | Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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