FTEK Q1 2024 Earnings — Fuel Tech, Inc. Revenue & Financial Results | Market Cap Arena

FTEKFuel Tech, Inc.

$40M

Q1 2024 Earnings

Industrials Industrial - Pollution & Treatment Controls

Income Statement

Revenue

$5M-32.0% YoY

Gross Profit

$2M40.9% margin

Operating Income

-$2M-34.1% margin

Net Income

$281,0005.7% margin

EPS (Diluted)

$0.01

QoQ Revenue Growth

-21.9%

Cash Flow

Operating Cash Flow

-$1M

Free Cash Flow

-$1M

Stock-Based Comp.

$104,000

Balance Sheet

Total Assets

$49M

Total Liabilities

$5M

Stockholders' Equity

$44M

Cash & Equivalents

$11M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5M	$7M	-32.0%
Gross Profit	$2M	$3M	-27.7%
Operating Income	-$2M	-$658,000	-157.1%
Net Income	$281,000	-$414,000	+167.9%

Revenue Segments

FUEL CHEM

$3M61%

Air Pollution Control

$2M39%

Geographic Segments

UNITED STATES

$4M73%

Europe

$856,00017%

Latin America

$315,0006%

Asia

$191,0004%