Fuel Tech(US:FTEK)2025-11-04 21:35Financial Performance - The Company returned to profitable operations in the current quarter, driven by strong margin contributions from both the FUEL CHEM and Air Pollution Control (APC) segments [85]. - Revenues for the three-month period ending September 30, 2025, were $7,490, a decrease of $361, or 5%, compared to $7,851 in the same period last year [88]. - The FUEL CHEM segment generated revenues of $4,783 for the three-month period ended September 30, 2025, representing an increase of $156, or 3%, from $4,627 in the prior year [90]. - The APC technology segment generated revenues of $2,707 for the three-month period ended September 30, 2025, a decrease of $517, or 16%, from $3,224 in the prior year [89]. - Consolidated gross margin percentage for the three-month period ended September 30, 2025, was 49%, up from 43% in the same period last year [91]. Research and Development - Research and development expenses were $450 for the three-month period ended September 30, 2025, compared to $361 in the same period last year, focusing on new product development in water treatment technologies [96]. Backlog and Sales Pipeline - The consolidated APC backlog at September 30, 2025, was $9,472, an increase from $6,175 at December 31, 2024 [89]. - The global sales pipeline for the APC segment is estimated to be in the range of $75 - 100 million [87]. Capital Expenditures and Financial Position - The Company expects additional capital expenditures during the fourth quarter of 2025 for the DGI business and maintenance of field equipment [107]. - Cash and cash equivalents as of September 30, 2025, totaled $13,677, with working capital of $26,043 and no outstanding debt other than letters of credit [100].