Welcome to our dedicated page for Fuel Tech news (Ticker: FTEK), a resource for investors and traders seeking the latest updates and insights on Fuel Tech stock.
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.
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Fuel Tech, Inc. (NASDAQ: FTEK) reported financial results for Q4 2022 and the full year, achieving the highest annual revenue since 2019, totaling $26.9 million, up from $24.3 million in 2021. The company maintained a strong financial position with $32.7 million in cash and no long-term debt. The Air Pollution Control (APC) segment generated approximately $10 million in new project awards in 2022 and has a global sales pipeline of $50-$75 million. However, FUEL CHEM revenues declined by 6% year-over-year. The company expects modest revenue growth for 2023, driven by the APC segment, but anticipates a slight decline in FUEL CHEM revenues.