FLOC — what changed in the latest 10-Q
A section-by-section comparison of FLOC's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-04 vs the prior 10-Q · 2026-08-11
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +38 | −31 | ~15 | 30 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 0 |
| Controls & procedures | Text added/removed | +1 | 0 | ~5 | 19 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | Some risk factors updated | 0 | −6 | ~1 | 0 |
| Other information | Text added/removed | +1 | 0 | ~1 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-04
On October 2, 2026, we completed the acquisition of all of the issued and outstanding equity interests of Lifting Solutions Energy Services Inc. (“Lifting Solutions”), a vertically integrated manufacturer of artificial lift technologies headquartered in Edmonton, Alberta, Canada. The cash considerat…
We believe this acquisition (“Lifting Solutions Acquisition”) strategically expands our artificial lift portfolio within the Production Solutions segment through the addition of continuous rod and progressing cavity pump (“PCP”) technologies, which were not previously part of our product offerings. …
Additionally, the acquisition represents a significant step in our strategy to expand our geographic footprint beyond the United States. Lifting Solutions has established operations and customer relationships across Canada, the Middle East and other international markets, providing a platform for co…
see Note 3 – Business Combination and Asset Acquisition of the notes to the condensed consolidated financial statements in this Quarterly Report.
We continue to monitor developments in the global tariff environment and evaluate their potential impact on our operations, supply chain and cost structure. Although changes in tariffs and global trade policies may increase the cost of raw materials, affect product availability and contribute to inf…
Text removed vs the prior filing · source: 10-Q · 2026-08-11
We continue to monitor developments in the global tariff environment and evaluate their potential impact on our
operations, supply chain and cost structure. Although changes in tariffs and global trade policies may increase the cost of raw materials, affect product availability and contribute to inflationary pressures within our business and those of our customers, we do not currently expect the existing tari…
During 2026, the Company received refunds of previously paid tariffs and expects to receive additional refunds as outstanding claims continue to be processed. While management does not currently expect tariffs or related refund activity to have a material impact on the Company's long-term operating …
The following discussions relating to significant line items from our condensed consolidated statements of operations are based on available information and represent our analysis of significant changes or events that impact the comparability of reported amounts. Where appropriate, we have identifie…
Surface equipment fleet size experienced an increase of 179 average active systems per month from 1,491 during the three months ended June 30, 2025, to 1,670 average active surface equipment systems per month during the three months ended June 30, 2026. Additionally, average rental rate also had a $…
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-11-04
design and maintain effective controls over the preparation and review of account reconciliations and journal entries, including maintaining appropriate segregation of duties for all significant accounts.
Risk factors
Text removed vs the prior filing · source: 10-Q · 2026-08-11
We are subject to information technology, cybersecurity and privacy risks, and have experienced cybersecurity incidents.
We depend on various information technologies and other products and services to store and process business information and otherwise support our business activities. We also manufacture and sell hardware and software to provide monitoring, controls and optimization of customers’ critical assets in …
During the second quarter of 2026, we experienced a cybersecurity incident in which a threat actor gained unauthorized access to certain Company systems, resulting in the exfiltration of certain internal business data. We promptly detected the incident, took steps to contain the unauthorized access,…
We expect such cybersecurity threats targeting our systems and those of our third-party solutions to continue, and the Company’s and our customers’, partners’, vendors’ and other third- parties’ systems, networks, products and services remain potentially vulnerable to known or unknown cybersecurity …
prior cybersecurity incident has been material to date, we attempt to mitigate these risks through employee training, technical security controls, incident response procedures and the maintenance of backup and protective systems. However, these measures may not be effective against all threats, and …
Other information
Text added vs the prior filing · source: 10-Q · 2026-11-04
On October 29, 2026, the Company’s Board of Directors approved an increase in the aggregate amount authorized under the Company's existing share repurchase program from $50 million to $200 million for repurchases of the Company's Class A common stock, par value $0.0001 per share. Repurchases under t…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice