Fuel Tech Inc
NASDAQ:FTEK

  • LAST PRICE
    1.1500
  • TODAY'S CHANGE (%)
    0.0000 (0.0000%)
  • Bid / Lots
    1.1100/ 18
  • Ask / Lots
    1.1700/ 17
  • Open / Previous Close
    --- / 1.1500
  • Day Range
    ---
  • 52 Week Range
    0.9100
    1.3400
  • Volume
    797

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  • Nov 6, 2024

      Show headlines and story abstract

    • 4:20PM ET on Wednesday Nov 06, 2024 by MT Newswires
      Companies Mentioned: FTEK
      04:20 PM EST, 11/06/2024 (MT Newswires) -- ...

    • 4:20PM ET on Wednesday Nov 06, 2024 by Dow Jones
      Companies Mentioned: FTEK

      See notes to condensed consolidated financial statements.
      FUEL TECH, INC. Segment Data- Reporting Segments (Unaudited) (in thousands) Information about reporting segment net sales and gross margin from operations is provided below: Air FUEL Pollution CHEM Three months ended September Control 30, 2024 Segment Segment Other Total ---------- ------- -------- -------- Revenues from external customers $ 3,224 $ 4,627 $ -- $ 7,851 Cost of sales (2,095) (2,349) -- (4,444) --------- ------ ------- ------- Gross margin 1,129 2,278 -- 3,407 Selling, general and administrative -- -- (3,225) (3,225) Research and development -- -- (361) (361) --------- ------ ------- ------- Operating income (loss) from operations $ 1,129 $ 2,278 $ (3,586) $ (179) ========= ====== ======= ======= Air FUEL Pollution CHEM Three months ended September Control 30, 2023 Segment Segment Other Total ---------- ------- -------- -------- Revenues from external customers $ 3,711 $ 4,277 $ -- $ 7,988 Cost of sales (2,214) (2,162) -- (4,376) --------- ------ ------- ------- Gross margin 1,497 2,115 -- 3,612 Selling, general and administrative -- -- (2,966) (2,966) Research and development -- -- (513) (513) --------- ------ ------- ------- Operating income (loss) from operations $ 1,497 $ 2,115 $ (3,479) $ 133 ========= ====== ======= ======= Air FUEL Pollution CHEM Nine months ended September Control 30, 2024 Segment Segment Other Total ---------- ------- -------- -------- Revenues from external customers $ 9,491 $10,359 $ -- $ 19,850 Cost of sales (5,927) (5,535) -- (11,462) --------- ------ ------- ------- Gross margin 3,564 4,824 -- 8,388 Selling, general and administrative -- -- (9,815) (9,815) Research and development -- -- (1,159) (1,159) --------- ------ ------- ------- Operating income (loss) from operations $ 3,564 $ 4,824 $(10,974) $ (2,586) ========= ====== ======= ======= Air FUEL Pollution CHEM Nine months ended September Control 30, 2023 Segment Segment Other Total ---------- ------- -------- -------- Revenues from external customers $ 10,692 $10,044 $ -- $ 20,736 Cost of sales (7,155) (5,168) -- (12,323) --------- ------ ------- ------- Gross margin 3,537 4,876 -- 8,413 Selling, general and administrative -- -- (9,126) (9,126) Research and development -- -- (1,144) (1,144) --------- ------ ------- ------- Operating income (loss) from operations $ 3,537 $ 4,876 $(10,270) $ (1,857) ========= ====== ======= ======= FUEL TECH, INC. Geographic Segment Financial Data (Unaudited) (in thousands of dollars) Information concerning our operations by geographic area is provided below. Revenues are attributed to countries based on the location of the end-user. Assets are those directly associated with operations of the geographic area. Three Months Ended Six Months Ended June 30, June 30, --------------------- ------------------------ 2024 2023 2024 2023 --------- ---------- ---------- ------------ Revenues: United States $ 5,453 $ 5,640 $ 13,519 $ 15,937 Foreign 2,398 2,348 6,331 4,799 ----- ------ ------ ---- ------ $ 7,851 $ 7,988 $ 19,850 $ 20,736 ===== ====== ====== ==== ====== September 30, December 31, 2024 2023 --------------- -------------- Assets: United States $ 45,789 $ 46,487 Foreign 4,328 3,901 ----------- ---------- $ 50,117 $ 50,388 =========== ========== FUEL TECH, INC. RECONCILIATION OF GAAP NET INCOME (LOSS) TO EBITDA AND ADJUSTED EBITDA (Unaudited) (in thousands) Three Months Ended Nine Months Ended September 30, September 30, --------------- ----------------- 2024 2023 2024 2023 ----- ------- ------- ------- Net Income (loss) $ 80 $ 459 $ (60) $ (999) Interest income, net (323) (317) (968) (953) Income tax expense 1 - 18 - Depreciation expense 87 93 248 247 Amortization expense 11 16 42 46 ---- ------ ------ ------ EBITDA (144) 251 (720) (1,659) Stock compensation expense 109 101 337 288 ---- ------ ------ ------ Gain on employee retention credit - - (1,677) - ---- ------ ------ ------ Adjusted EBITDA $ (35) $ 352 $(2,060) $(1,371) ---- ------ ------ ------

    • 4:20PM ET on Wednesday Nov 06, 2024 by Dow Jones
      Companies Mentioned: FTEK

      See notes to condensed consolidated financial statements.
      FUEL TECH, INC. Segment Data- Reporting Segments (Unaudited) (in thousands) Information about reporting segment net sales and gross margin from operations is provided below: Air FUEL Pollution CHEM Three months ended September Control 30, 2024 Segment Segment Other Total ---------- ------- -------- -------- Revenues from external customers $ 3,224 $ 4,627 $ -- $ 7,851 Cost of sales (2,095) (2,349) -- (4,444) --------- ------ ------- ------- Gross margin 1,129 2,278 -- 3,407 Selling, general and administrative -- -- (3,225) (3,225) Research and development -- -- (361) (361) --------- ------ ------- ------- Operating income (loss) from operations $ 1,129 $ 2,278 $ (3,586) $ (179) ========= ====== ======= ======= Air FUEL Pollution CHEM Three months ended September Control 30, 2023 Segment Segment Other Total ---------- ------- -------- -------- Revenues from external customers $ 3,711 $ 4,277 $ -- $ 7,988 Cost of sales (2,214) (2,162) -- (4,376) --------- ------ ------- ------- Gross margin 1,497 2,115 -- 3,612 Selling, general and administrative -- -- (2,966) (2,966) Research and development -- -- (513) (513) --------- ------ ------- ------- Operating income (loss) from operations $ 1,497 $ 2,115 $ (3,479) $ 133 ========= ====== ======= ======= Air FUEL Pollution CHEM Nine months ended September Control 30, 2024 Segment Segment Other Total ---------- ------- -------- -------- Revenues from external customers $ 9,491 $10,359 $ -- $ 19,850 Cost of sales (5,927) (5,535) -- (11,462) --------- ------ ------- ------- Gross margin 3,564 4,824 -- 8,388 Selling, general and administrative -- -- (9,815) (9,815) Research and development -- -- (1,159) (1,159) --------- ------ ------- ------- Operating income (loss) from operations $ 3,564 $ 4,824 $(10,974) $ (2,586) ========= ====== ======= ======= Air FUEL Pollution CHEM Nine months ended September Control 30, 2023 Segment Segment Other Total ---------- ------- -------- -------- Revenues from external customers $ 10,692 $10,044 $ -- $ 20,736 Cost of sales (7,155) (5,168) -- (12,323) --------- ------ ------- ------- Gross margin 3,537 4,876 -- 8,413 Selling, general and administrative -- -- (9,126) (9,126) Research and development -- -- (1,144) (1,144) --------- ------ ------- ------- Operating income (loss) from operations $ 3,537 $ 4,876 $(10,270) $ (1,857) ========= ====== ======= ======= FUEL TECH, INC. Geographic Segment Financial Data (Unaudited) (in thousands of dollars) Information concerning our operations by geographic area is provided below. Revenues are attributed to countries based on the location of the end-user. Assets are those directly associated with operations of the geographic area. Three Months Ended Six Months Ended June 30, June 30, --------------------- ------------------------ 2024 2023 2024 2023 --------- ---------- ---------- ------------ Revenues: United States $ 5,453 $ 5,640 $ 13,519 $ 15,937 Foreign 2,398 2,348 6,331 4,799 ----- ------ ------ ---- ------ $ 7,851 $ 7,988 $ 19,850 $ 20,736 ===== ====== ====== ==== ====== September 30, December 31, 2024 2023 --------------- -------------- Assets: United States $ 45,789 $ 46,487 Foreign 4,328 3,901 ----------- ---------- $ 50,117 $ 50,388 =========== ========== FUEL TECH, INC. RECONCILIATION OF GAAP NET INCOME (LOSS) TO EBITDA AND ADJUSTED EBITDA (Unaudited) (in thousands) Three Months Ended Nine Months Ended September 30, September 30, --------------- ----------------- 2024 2023 2024 2023 ----- ------- ------- ------- Net Income (loss) $ 80 $ 459 $ (60) $ (999) Interest income, net (323) (317) (968) (953) Income tax expense 1 - 18 - Depreciation expense 87 93 248 247 Amortization expense 11 16 42 46 ---- ------ ------ ------ EBITDA (144) 251 (720) (1,659) Stock compensation expense 109 101 337 288 ---- ------ ------ ------ Gain on employee retention credit - - (1,677) - ---- ------ ------ ------ Adjusted EBITDA $ (35) $ 352 $(2,060) $(1,371) ---- ------ ------ ------

    • 4:19PM ET on Wednesday Nov 06, 2024 by Dow Jones
      Companies Mentioned: FTEK

      Fuel Tech Awarded Air Pollution Control Orders Totaling $2.0 Million

      WARRENVILLE, Ill., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ: FTEK), a technology company using advanced engineering processes to provide emissions control systems and water treatment technologies in utility and industrial applications, today announced the receipt of air pollution control (APC) orders from new and existing customers in the US, Europe and Southeast Asia. These orders have an aggregate value of approximately $2.0 million.

  • Nov 4, 2024

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    • 4:15PM ET on Monday Nov 04, 2024 by Dow Jones
      Companies Mentioned: FTEK

      Fuel Tech Announces Demonstration Agreement for DGI(R) Dissolved Gas Infusion Technology

      WARRENVILLE, Ill., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ: FTEK), a technology company using advanced engineering processes to provide emissions control systems and water treatment technologies in utility and industrial applications, today announced that its DGI(R) Dissolved Gas Infusion technology has been selected for an extended demonstration at a fish hatchery in the Western US. The project will involve defined test protocols to evaluate the benefits of the Company's DGI technology to supply consistent and precise levels of dissolved oxygen (DO) in the raising of gamefish in a controlled environment.

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