FTEK Q2 2023 Earnings — Fuel Tech, Inc. Revenue & Financial Results | Market Cap Arena

FTEKFuel Tech, Inc.

$40M

Q2 2023 Earnings

Industrials Industrial - Pollution & Treatment Controls

Income Statement

Revenue

$5M-14.2% YoY

Gross Profit

$2M36.6% margin

Operating Income

-$1M-24.4% margin

Net Income

-$1M-19.1% margin

EPS (Diluted)

$-0.03

QoQ Revenue Growth

-25.1%

Cash Flow

Operating Cash Flow

-$993,000

Free Cash Flow

-$1M

Stock-Based Comp.

$98,000

Balance Sheet

Total Assets

$50M

Total Liabilities

$6M

Stockholders' Equity

$44M

Cash & Equivalents

$15M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5M	$6M	-14.2%
Gross Profit	$2M	$3M	-25.5%
Operating Income	-$1M	-$485,000	-174.6%
Net Income	-$1M	-$356,000	-193.3%

Revenue Segments

Air Pollution Control

$3M63%

FUEL CHEM

$2M37%

Geographic Segments

UNITED STATES

$4M65%

Non-US

$1M17%

Europe

$820,00012%

Asia

$172,0003%

Latin America

$153,0002%