FTEKFuel Tech, Inc.

$40M

Q1 2023 Earnings

Industrials Industrial - Pollution & Treatment Controls

Income Statement

Revenue

$7M+31.7% YoY

Gross Profit

$3M38.5% margin

Operating Income

-$658,000-9.0% margin

Net Income

-$414,000-5.7% margin

EPS (Diluted)

$-0.01

QoQ Revenue Growth

+3.8%

Cash Flow

Operating Cash Flow

$1M

Free Cash Flow

$980,000

Stock-Based Comp.

$89,000

Balance Sheet

Total Assets

$50M

Total Liabilities

$6M

Stockholders' Equity

$45M

Cash & Equivalents

$16M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$7M	$6M	+31.7%
Gross Profit	$3M	$2M	+22.5%
Operating Income	-$658,000	-$984,000	+33.1%
Net Income	-$414,000	-$998,000	+58.5%

Revenue Segments

FUEL CHEM

$4M51%

Air Pollution Control

$4M49%

Geographic Segments

UNITED STATES

$6M70%

Non-US

$1M15%

Asia

$727,0008%

Europe

$579,0007%

FTEK Q1 2023 Earnings — Fuel Tech, Inc. Revenue & Financial Results | Market Cap Arena