See more : Churchill Capital Corp VII (CVII) Income Statement Analysis – Financial Results
Complete financial analysis of Fuel Tech, Inc. (FTEK) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Fuel Tech, Inc., a leading company in the Industrial – Pollution & Treatment Controls industry within the Industrials sector.
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Fuel Tech, Inc. (FTEK)
Industry: Industrial - Pollution & Treatment Controls
Sector: Industrials
Website: https://www.ftek.com
About Fuel Tech, Inc.
Fuel Tech, Inc. provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. It operates through two segments, Air Pollution Control Technology and FUEL CHEM Technology. The Air Pollution Control Technology segment offers technologies to reduce nitrogen oxide (NOx) emissions in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources by low and ultra-low NOx burners; over-fire air systems; NOxOUT and HERT selective non-catalytic reduction systems; selective catalytic reduction systems comprising ammonia injection grid, and graduated straightening grid systems; I-NOx systems; ESP Processes and Services; ULTRA technology; and flue gas conditioning systems; and burner systems. The FUEL CHEM Technology segment provides programs to improve the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units by controlling slagging, fouling, corrosion, opacity, and acid plume, as well as the formation of sulfur trioxide, ammonium bisulfate, particulate matter, sulfur dioxide, and carbon dioxide through the addition of chemicals into the furnace using TIFI targeted in-furnace injection technology. This segment offers its FUEL CHEM program for plants operating in the electric utility, industrial, pulp and paper, waste-to-energy, and university and district heating markets; and the owners of boilers, furnaces, and other combustion units. The company was incorporated in 1987 and is headquartered in Warrenville, Illinois.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 27.08M | 26.94M | 24.26M | 22.55M | 30.47M | 56.54M | 45.17M | 55.16M | 73.66M | 79.02M | 109.34M | 97.64M | 93.67M | 81.80M | 71.40M | 81.07M | 80.30M | 75.12M | 52.93M | 30.83M | 35.74M | 32.63M | 17.67M | 21.91M | 33.30M | 25.90M | 100.00K | 200.00K | 200.00K | 200.00K | 100.00K | 100.00K |
| Cost of Revenue | 15.43M | 15.30M | 12.36M | 11.91M | 19.64M | 36.47M | 27.14M | 36.37M | 45.11M | 43.89M | 62.52M | 56.90M | 49.86M | 46.82M | 42.44M | 44.35M | 42.47M | 38.43M | 27.12M | 16.57M | 21.79M | 18.23M | 9.00M | 10.77M | 18.00M | 14.00M | 0.00 | 0.00 | 0.00 | 0.00 | 600.00K | 900.00K |
| Gross Profit | 11.66M | 11.64M | 11.90M | 10.64M | 10.83M | 20.06M | 18.02M | 18.79M | 28.56M | 35.13M | 46.82M | 40.75M | 43.81M | 34.97M | 28.95M | 36.73M | 37.83M | 36.69M | 25.81M | 14.27M | 13.95M | 14.40M | 8.68M | 11.13M | 15.30M | 11.90M | 100.00K | 200.00K | 200.00K | 200.00K | -500.00K | -800.00K |
| Gross Profit Ratio | 43.04% | 43.22% | 49.04% | 47.18% | 35.55% | 35.49% | 39.90% | 34.07% | 38.77% | 44.46% | 42.82% | 41.73% | 46.77% | 42.76% | 40.55% | 45.30% | 47.11% | 48.84% | 48.76% | 46.27% | 39.03% | 44.12% | 49.09% | 50.82% | 45.95% | 45.95% | 100.00% | 100.00% | 100.00% | 100.00% | -500.00% | -800.00% |
| Research & Development | 1.51M | 895.00K | 1.33M | 1.18M | 1.13M | 1.07M | 1.07M | 4.55M | 4.27M | 1.46M | 2.44M | 2.86M | 1.47M | 948.00K | 542.00K | 2.10M | 2.14M | 2.05M | 1.21M | 1.24M | 1.29M | 1.46M | 1.17M | 843.00K | 800.00K | 1.00M | 0.00 | 0.00 | 900.00K | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 18.56M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 28.01M | 24.95M | 23.90M | 17.41M | 12.78M | 11.66M | 10.23M | 8.71M | 7.93M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 20.93M | 25.56M | 31.12M | 35.43M | 36.38M | 32.68M | 33.45M | 30.86M | 32.27M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 12.80M | 12.28M | 12.06M | 13.60M | 17.19M | 18.56M | 20.93M | 25.56M | 31.12M | 35.43M | 36.38M | 32.68M | 33.45M | 30.86M | 32.27M | 28.01M | 24.95M | 23.90M | 17.41M | 12.78M | 11.66M | 10.23M | 8.71M | 7.93M | 8.90M | 7.90M | 2.60M | 1.50M | 2.50M | 2.80M | 1.90M | 2.30M |
| Other Expenses | 0.00 | -46.00K | 1.57M | 119.00K | -8.00K | 2.00K | -60.00K | -925.00K | -360.00K | -544.00K | -137.00K | -107.00K | -758.00K | -768.00K | -781.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 983.00K | 800.00K | 400.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 14.31M | 13.17M | 13.39M | 14.78M | 18.32M | 19.64M | 22.00M | 30.12M | 35.39M | 36.89M | 38.82M | 35.55M | 34.16M | 31.04M | 32.03M | 30.11M | 27.09M | 25.95M | 18.63M | 14.02M | 12.95M | 11.69M | 9.87M | 9.76M | 10.50M | 9.30M | 2.60M | 1.50M | 3.40M | 2.80M | 1.90M | 2.30M |
| Cost & Expenses | 29.74M | 28.47M | 25.75M | 26.69M | 37.96M | 56.11M | 49.15M | 66.48M | 80.50M | 80.78M | 101.34M | 92.44M | 84.02M | 77.86M | 74.48M | 74.46M | 69.56M | 64.38M | 45.74M | 30.58M | 34.74M | 29.92M | 18.87M | 20.53M | 28.50M | 23.30M | 2.60M | 1.50M | 3.40M | 2.80M | 2.50M | 3.20M |
| Interest Income | 1.30M | 202.00K | 6.00K | 4.00K | 41.00K | 6.00K | 10.00K | 25.00K | 21.00K | 29.00K | 58.00K | 78.00K | 35.00K | 11.00K | 32.00K | 741.00K | 1.63M | 1.01M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 21.00K | 17.00K | 13.00K | 4.00K | 0.00 | 0.00 | 0.00 | 0.00 | 27.00K | 125.00K | 56.00K | 93.00K | 148.00K | 143.00K | 120.00K | 135.00K | 24.00K | 0.00 | 0.00 | 0.00 | 25.00K | 136.00K | 245.00K | 354.00K | 0.00 | 200.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 342.00K | 440.00K | 741.00K | 848.00K | 996.00K | 847.00K | 1.53M | 3.50M | 4.21M | 4.31M | 3.01M | 3.09M | 3.72M | 4.08M | 5.11M | 2.99M | 2.47M | 2.08M | 1.69M | 1.36M | 1.11M | 943.00K | 1.14M | 983.00K | 800.00K | 400.00K | 200.00K | 600.00K | -400.00K | -300.00K | -100.00K | -100.00K |
| EBITDA | -1.11M | -931.00K | -748.00K | -3.37M | -6.49M | 1.27M | -2.45M | -5.62M | -4.39M | -21.37M | 10.94M | 8.26M | 13.13M | 7.91M | 1.82M | 9.74M | 13.21M | 12.81M | 8.89M | 1.69M | 2.11M | 3.65M | -53.00K | 2.36M | 5.60M | 3.00M | -2.30M | -700.00K | -3.60M | -2.90M | -2.50M | -3.20M |
| EBITDA Ratio | -4.08% | -3.46% | 3.39% | -14.07% | -20.05% | 2.81% | 1.39% | -15.81% | -4.03% | 2.57% | 10.00% | 8.46% | 14.31% | 9.82% | 2.88% | 12.13% | 16.35% | 17.02% | 16.80% | 5.49% | 5.51% | 10.76% | -0.51% | 13.50% | 17.42% | 13.13% | -2,300.00% | -350.00% | -1,800.00% | -1,450.00% | -2,500.00% | -3,200.00% |
| Operating Income | -2.66M | -1.53M | 81.00K | -4.14M | -7.49M | 110.00K | -7.07M | -14.82M | -8.26M | -25.16M | 8.00M | 5.20M | 9.65M | 3.94M | -3.08M | 6.62M | 10.74M | 10.73M | 7.19M | 249.00K | 1.00M | 2.71M | -1.20M | 1.37M | 4.80M | 2.60M | -2.50M | -1.30M | -3.20M | -2.60M | -2.40M | -3.10M |
| Operating Income Ratio | -9.81% | -5.67% | 0.33% | -18.35% | -24.58% | 0.19% | -15.64% | -26.87% | -11.21% | -31.85% | 7.32% | 5.33% | 10.30% | 4.81% | -4.32% | 8.16% | 13.37% | 14.29% | 13.58% | 0.81% | 2.80% | 8.30% | -6.77% | 6.26% | 14.41% | 10.04% | -2,500.00% | -650.00% | -1,600.00% | -1,300.00% | -2,400.00% | -3,100.00% |
| Total Other Income/Expenses | 1.19M | 139.00K | 1.56M | 115.00K | 403.00K | 8.00K | -50.00K | -3.70M | -366.00K | -640.00K | -135.00K | -122.00K | -392.00K | -251.00K | -329.00K | 770.00K | 1.69M | 1.04M | 14.00K | 30.00K | 119.00K | 199.00K | -550.00K | -603.00K | -500.00K | -700.00K | -200.00K | -500.00K | 400.00K | 300.00K | 100.00K | 100.00K |
| Income Before Tax | -1.47M | -1.39M | 68.00K | -4.22M | -7.84M | 118.00K | -7.12M | -15.72M | -8.62M | -25.80M | 7.87M | 5.08M | 9.26M | 3.69M | -3.41M | 7.00M | 12.43M | 11.77M | 7.17M | 166.00K | 1.12M | 2.91M | -1.75M | 769.00K | 4.30M | 1.90M | -2.70M | -1.90M | -2.80M | -2.30M | -2.30M | -3.00M |
| Income Before Tax Ratio | -5.42% | -5.15% | 0.28% | -18.72% | -25.72% | 0.21% | -15.75% | -28.51% | -11.71% | -32.65% | 7.19% | 5.20% | 9.88% | 4.51% | -4.78% | 8.63% | 15.48% | 15.67% | 13.54% | 0.54% | 3.13% | 8.91% | -9.89% | 3.51% | 12.91% | 7.34% | -2,700.00% | -950.00% | -1,400.00% | -1,150.00% | -2,300.00% | -3,000.00% |
| Income Tax Expense | 69.00K | 54.00K | 14.00K | 57.00K | 14.00K | 33.00K | -46.00K | 1.66M | 3.76M | -8.08M | 2.76M | 2.30M | 3.11M | 1.93M | -1.10M | 3.40M | 5.19M | 4.94M | -419.00K | -1.41M | -119.00K | -150.00K | -114.00K | 957.00K | 1.30M | 1.40M | -100.00K | -100.00K | 100.00K | 100.00K | 0.00 | 0.00 |
| Net Income | -1.54M | -1.44M | 54.00K | -4.28M | -7.85M | -28.00K | -10.98M | -17.39M | -12.38M | -17.73M | 5.10M | 2.78M | 6.15M | 1.75M | -2.31M | 3.60M | 7.24M | 6.83M | 7.59M | 1.57M | 1.12M | 3.06M | -1.63M | 415.00K | 3.00M | 500.00K | -2.60M | -1.80M | -2.90M | -2.40M | -2.30M | -3.00M |
| Net Income Ratio | -5.68% | -5.35% | 0.22% | -18.97% | -25.77% | -0.05% | -24.32% | -31.52% | -16.81% | -22.43% | 4.67% | 2.84% | 6.56% | 2.14% | -3.23% | 4.44% | 9.02% | 9.09% | 14.34% | 5.10% | 3.13% | 9.37% | -9.24% | 1.89% | 9.01% | 1.93% | -2,600.00% | -900.00% | -1,450.00% | -1,200.00% | -2,300.00% | -3,000.00% |
| EPS | -0.05 | -0.05 | 0.00 | -0.17 | -0.32 | 0.00 | -0.47 | -0.74 | -0.54 | -0.78 | 0.23 | 0.12 | 0.26 | 0.07 | -0.10 | 0.14 | 0.33 | 0.32 | 0.38 | 0.08 | 0.06 | 0.16 | -0.09 | 0.02 | 0.17 | 0.03 | -0.21 | -0.15 | -0.23 | -0.20 | -0.21 | -0.29 |
| EPS Diluted | -0.05 | -0.05 | 0.00 | -0.17 | -0.32 | 0.00 | -0.46 | -0.74 | -0.54 | -0.78 | 0.23 | 0.12 | 0.25 | 0.07 | -0.10 | 0.14 | 0.29 | 0.28 | 0.33 | 0.07 | 0.05 | 0.14 | -0.09 | 0.02 | 0.16 | 0.03 | -0.21 | -0.15 | -0.23 | -0.20 | -0.21 | -0.29 |
| Weighted Avg Shares Out | 30.35M | 30.29M | 29.59M | 24.69M | 24.20M | 24.16M | 23.34M | 23.37M | 22.75M | 22.72M | 22.29M | 22.71M | 24.10M | 24.21M | 24.15M | 23.61M | 22.28M | 21.49M | 20.04M | 19.52M | 19.64M | 19.35M | 18.59M | 18.40M | 17.75M | 15.68M | 12.38M | 12.00M | 12.61M | 12.00M | 10.95M | 10.34M |
| Weighted Avg Shares Out (Dil) | 30.35M | 30.29M | 29.69M | 24.69M | 24.20M | 24.16M | 23.87M | 23.37M | 23.10M | 22.78M | 22.58M | 23.54M | 24.63M | 24.41M | 24.15M | 24.59M | 24.72M | 24.19M | 23.07M | 22.16M | 22.41M | 22.44M | 18.59M | 19.62M | 19.34M | 17.44M | 12.38M | 12.00M | 12.61M | 12.00M | 10.95M | 10.34M |
Fuel Tech to Present at 25th Annual H.C. Wainwright Global Investment Conference
WARRENVILLE, Ill.--(BUSINESS WIRE)--Fuel Tech, Inc. (NASDAQ: FTEK), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications, today announced that President & CEO Vince Arnone is scheduled...
3 Pollution Control Stocks to Watch Amid Industry Challenges
The emergence of alternative sources of energy for power generation poses a challenge to the Zacks Pollution Control industry's prospects. However, TTEK, DCI and FTEK are set to benefit from a steady demand.
Fuel Tech, Inc. (FTEK) Q2 2023 Earnings Call Transcript
Fuel Tech, Inc. (NASDAQ:FTEK ) Q2 2023 Earnings Conference Call August 9, 2023 10:00 AM ET Company Participants Conor Rodriguez - IR, The Equity Group Vincent Arnone - Chairman, CEO & President Ellen Albrecht - VP, CFO & Treasurer Conference...
Fuel Tech, Inc. (FTEK) Reports Q2 Loss, Lags Revenue Estimates
Fuel Tech, Inc. (FTEK) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.01 per share a year ago.
Fuel Tech Reports 2023 Second Quarter Financial Results
WARRENVILLE, Ill.--(BUSINESS WIRE)--Fuel Tech, Inc. (NASDAQ: FTEK), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications, today reported financial results for the second quarter ended June...
Fuel Tech Awarded Air Pollution Control Orders Totaling $2.2 Million
WARRENVILLE, Ill.--(BUSINESS WIRE)--Fuel Tech, Inc. (NASDAQ: FTEK), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications, today announced the receipt of multiple air pollution control (APC)...
Fuel Tech Schedules 2023 Second Quarter Financial Results and Conference Call
WARRENVILLE, Ill.--(BUSINESS WIRE)--Fuel Tech, Inc. (NASDAQ: FTEK), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control and water treatment in utility and industrial applications, today announced that it will issue its financial results for...
What Makes Fuel Tech, Inc. (FTEK) a New Strong Buy Stock
Fuel Tech, Inc. (FTEK) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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Fuel Tech, Inc. (FTEK) Reports Q1 Loss, Tops Revenue Estimates
Fuel Tech, Inc. (FTEK) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.03 per share a year ago.
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