Fuel Tech, Inc. reports developments in emissions control, boiler optimization and water treatment technologies for utility and industrial applications. Company news commonly covers financial results, Air Pollution Control awards, Selective Catalytic Reduction projects, and activity in the FUEL CHEM® segment, which applies chemical programs and modeling to boiler performance issues.
Updates also describe progress in the DGI® Dissolved Gas Infusion division, customer demonstrations, backlog and contract activity, conference presentations, and the balance-sheet context included with quarterly reporting. The recurring themes center on project timing, segment revenue mix, utility and industrial customer demand, and commercialization of Fuel Tech’s engineering-based environmental technologies.
Fuel Tech, Inc. (NASDAQ: FTEK) reported Q1 2024 financial results, highlighting revenue declines, expected revenue growth, and positive prospects. Consolidated revenues decreased to $5.0 million, with a rise in gross margin to 40.9%. SG&A expenses increased slightly, while net income improved to $281,000. APC segment backlog was $6.2 million, and FUEL CHEM segment revenue declined. Adjusted EBITDA loss was $(1.5) million. Cash and investments stood at $32.1 million. Stockholders' equity was $44.0 million with no debt.
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