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Fuel Tech Reports 2025 Third Quarter Financial Results
Globenewswire· 2025-11-04 21:15
Core Insights - Fuel Tech, Inc. reported a profitable third quarter with a significant increase in its Air Pollution Control (APC) backlog by over 20% since June 30, 2025, ending the quarter with $33.8 million in cash and no debt [2][3]. Financial Performance - Consolidated revenues for Q3 2025 decreased to $7.5 million from $7.9 million, primarily due to lower APC revenues, while FUEL CHEM revenues increased [7][10]. - The consolidated gross margin improved to 48.9% from 43.4%, reflecting better margins in both APC and FUEL CHEM segments [7]. - Net income for Q3 2025 was $303,000, or $0.01 per share, compared to $80,000, or $0.00 per share in the prior year [8]. Business Segment Performance - APC segment revenue fell to $2.7 million from $3.2 million, attributed to project execution timing, but gross margin increased to 47.2% from 35.0% [9]. - FUEL CHEM segment revenue rose to $4.8 million from $4.6 million, with gross margin expanding to 49.8% from 49.2% due to increased sales activity [10]. Strategic Developments - The company made a strategic acquisition of APC intellectual property from Wahlco, Inc. for $350,000, enhancing its technology portfolio [5]. - Fuel Tech is actively pursuing opportunities in power generation, particularly for data centers and public utilities, and is engaged in multiple bids for its Selective Catalytic Reduction (SCR) technology [4]. Cash and Investments - As of September 30, 2025, the company had cash and cash equivalents of $13.7 million, short-term investments of $12.2 million, and long-term investments totaling $8.0 million [11].
Fuel Tech Schedules 2025 Third Quarter Financial Results and Conference Call
Globenewswire· 2025-10-23 20:10
Core Viewpoint - Fuel Tech, Inc. will release its financial results for Q3 2025 on November 4, 2025, after market close, followed by a conference call on November 5, 2025, to discuss the results and business activities [1][2]. Company Overview - Fuel Tech, Inc. specializes in advanced engineering processes for emissions control systems and water treatment technologies, serving utility and industrial applications [1]. - The company is recognized for its leadership in nitrogen oxide (NOx) reduction and particulate control technologies, with over 1,300 installations worldwide [3]. - Fuel Tech's proprietary technologies include FUEL CHEM, which enhances combustion unit efficiency and environmental performance, and DGIDissolved Gas Infusion Systems for various water treatment applications [3]. Upcoming Events - A conference call will be held on November 5, 2025, at 10:00 am ET to discuss the financial results, with options for live participation and online replay available [2].
Fuel Tech to Present at H.C. Wainwright 27th Annual Global Investment Conference
Globenewswire· 2025-09-04 12:30
Core Insights - Fuel Tech, Inc. is scheduled to present at the H.C. Wainwright 27th Annual Global Investment Conference from September 8-10, 2025, in New York City [1] - The presentation will take place on September 9, 2025, at 1:00 pm Eastern Time, with a live webcast available on the company's website [2] Company Overview - Fuel Tech specializes in advanced engineering processes for emissions control systems and water treatment technologies, serving utility and industrial applications [1][3] - The company is a leader in nitrogen oxide (NOx) reduction and particulate control technologies, with over 1,300 installations worldwide [3] - Fuel Tech's FUEL CHEM technology enhances the efficiency and environmental performance of combustion units by addressing issues like slagging and fouling [3] - The company's water treatment technologies include DGIDissolved Gas Infusion Systems, which utilize patented methods for delivering supersaturated oxygen solutions for various applications in water and wastewater industries [3] - Fuel Tech's products leverage advanced Computational Fluid Dynamics modeling and high-end visualization software to optimize performance [3]
Fuel Tech Reports 2025 Second Quarter Financial Results
Globenewswire· 2025-08-05 20:50
Core Insights - Fuel Tech, Inc. reported a decline in consolidated revenues for Q2 2025 to $5.6 million from $7.0 million in Q2 2024, primarily due to lower revenues in the Air Pollution Control (APC) segment [6][8] - The company anticipates improved performance in the second half of 2025, driven by ongoing developments in its business segments and new contract opportunities, particularly in the APC segment related to data centers [2][3] - The company maintains a strong financial position with nearly $31 million in cash and no long-term debt as of June 30, 2025 [2][10] Business Segment Performance - The FUEL CHEM segment's revenue remained flat at $3.1 million, but gross margin improved to 46.8% from 45.5% due to increased sales activity [9] - APC segment revenue decreased to $2.5 million from $3.9 million, attributed to the timing of project execution, but the company expects to secure additional contracts worth between $2.5 million and $3.0 million soon [4][8] - The company is set to demonstrate its TIFI Targeted In-Furnace Injection technology in Q4 2025, which is expected to enhance its client base [3] Financial Overview - Consolidated gross margin for Q2 2025 increased to 45.5% from 41.9% in Q2 2024, reflecting improvements in both APC and FUEL CHEM segments [6] - SG&A expenses rose slightly to $3.3 million, leading to an increase in SG&A as a percentage of revenues to 60.2% from 46.1% [7] - The net loss for Q2 2025 was $(689,000), or $(0.02) per share, compared to a net loss of $(421,000), or $(0.02) per share in Q2 2024 [7][20] Cash and Investments - As of June 30, 2025, the company had cash and cash equivalents of $10.6 million, short-term investments of $12.4 million, and long-term investments totaling $7.9 million [10] - Stockholders' equity at the same date was $40.6 million, or $1.32 per share, with no debt reported [10][18] Geographic Performance - In Q2 2025, revenues from the United States were $4.4 million, while foreign revenues were $1.1 million, contributing to total revenues of $5.6 million [33] - For the six months ended June 30, 2025, total revenues were $11.9 million, slightly down from $12.0 million in the same period of 2024 [33]
Fuel Tech Schedules 2025 Second Quarter Financial Results and Conference Call
Globenewswire· 2025-07-24 20:15
Core Viewpoint - Fuel Tech, Inc. is set to release its financial results for the second quarter of 2025 on August 5, 2025, after market close, indicating ongoing business activities and performance tracking [1]. Financial Results Announcement - The financial results for the second quarter ended June 30, 2025, will be announced on August 5, 2025, after the stock market closes [1]. - A conference call to discuss these results will take place on August 6, 2025, at 10:00 am ET / 9:00 am CT, allowing for live participation and questions from interested parties [2]. Company Overview - Fuel Tech specializes in advanced engineering processes for emissions control systems and water treatment technologies, serving utility and industrial applications [1]. - The company is recognized for its leadership in nitrogen oxide (NOx) reduction and particulate control technologies, with over 1,300 installations worldwide [4]. - Fuel Tech's proprietary technologies include FUEL CHEM for combustion unit optimization and DGIDissolved Gas Infusion Systems for water treatment, showcasing its commitment to cost-effective and environmentally sustainable solutions [4].
Fuel Tech To Participate in the Sidoti Micro-Cap Virtual Investor Conference
Globenewswire· 2025-05-13 19:30
Company Overview - Fuel Tech, Inc. is a technology company specializing in emissions control systems and water treatment technologies for utility and industrial applications [3] - The company is recognized for its advanced engineering processes and has installed solutions on over 1,300 utility, industrial, and municipal units globally [3] - Fuel Tech's proprietary technologies include nitrogen oxide (NOx) reduction and particulate control, as well as water treatment technologies like Dissolved Gas Infusion Systems [3] Upcoming Events - Chairman and CEO Vince Arnone will present and conduct one-on-one meetings with investors at the Sidoti Micro-Cap Virtual Investor Conference on May 21-22, 2025 [1] - The presentation is scheduled for May 22, 2025, at 3:15 PM Eastern Time, and will be accessible via a live webcast on Fuel Tech's website [2]
Fuel Tech Schedules 2025 First Quarter Financial Results and Conference Call
Globenewswire· 2025-04-29 20:15
Core Viewpoint - Fuel Tech, Inc. is set to release its financial results for Q1 2025 on May 12, 2025, and will host a conference call on May 13, 2025, to discuss these results and business activities [1][2]. Company Overview - Fuel Tech, Inc. specializes in advanced engineering processes for emissions control systems and water treatment technologies, serving utility and industrial applications [1]. - The company is recognized for its leadership in nitrogen oxide (NOx) reduction and particulate control technologies, with over 1,300 installations worldwide [3]. - Fuel Tech's FUEL CHEM technology enhances combustion unit efficiency and environmental performance by addressing issues like slagging and fouling [3]. - The company also offers water treatment technologies, including DGIDissolved Gas Infusion Systems, which are used in various applications such as remediation and wastewater management [3]. - Fuel Tech's products leverage advanced Computational Fluid Dynamics modeling and proprietary visualization software [3].