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.
Fuel Tech, Inc. (NASDAQ: FTEK) has announced that it has regained compliance with the NASDAQ Capital Market's minimum bid price requirement, as confirmed by a notification from the NASDAQ Listing Qualifications Department. This development marks the resolution of the compliance issue, allowing the company to continue trading on the exchange without restrictions. Fuel Tech specializes in advanced engineering solutions for emissions control and water treatment, utilizing proprietary technologies to enhance operational efficiency and sustainability.
Fuel Tech, Inc. (NASDAQ: FTEK) reported a 26.4% revenue increase to $8.2 million for Q3 2020, compared to $6.5 million in Q3 2019. The Air Pollution Control (APC) segment saw a rise in revenues to $2.9 million, while the FUEL CHEM segment generated $5.3 million. Net income reached $2.4 million, or $0.10 per share, reversing a loss from the previous year. However, total cash decreased to $11.8 million from $13.5 million at the prior year-end. The company anticipates a backlog growth of $10 to $15 million from pending projects by year's end.
Fuel Tech, Inc. (NASDAQ: FTEK) announces the release of its third-quarter financial results for the period ending September 30, 2020, scheduled for November 10, 2020, post-market closure. The management will discuss these results during a conference call on November 11, 2020, at 10:00 am ET. Interested parties can join by calling (877) 423-9820 domestically or (201) 493-6749 internationally. Fuel Tech specializes in advanced engineering solutions, focusing on air pollution control, process optimization, and water treatment technologies, with over 1,200 installations worldwide.