Flotek Industries, Inc (NYSE:FTK) is showing strong gains this morning with common shares soaring up over 25% and is currently trading at $6.60. As the midday trading hours approach, FTK has already seen 1.7 million shares traded, eclipsing the average daily volume of 1.6 million shares over the last few months.

This large increase is due in large part to the release of 2010 financial results for Flotek Industries, Inc. FTK reported 2010 revenue increased from $112.6 million in 2009 to $147 million in 2010 or a 30% increase. Revenue increased across the company’s segments due to improved pricing, industry demand, and increased drilling activity.

One of the main reasons for these increases in revenue is the fact that Flotek has refocused the company’s international marketing efforts. Since the beginning of 2010, Flotek has completed multiple international jobs including jobs in Turkey, Poland, and the Paris Basin.

About Flotek Industries, Inc.
The company supplies drilling and production related products and services to the energy and mining industries in the United States and internationally. It operates in three segments: Chemicals and Logistics, Drilling Products, and Artificial Lift.