FTEK Q2 2024 Earnings — Fuel Tech, Inc. Revenue & Financial Results | Market Cap Arena

FTEKFuel Tech, Inc.

$40M

Q2 2024 Earnings

Industrials Industrial - Pollution & Treatment Controls

Income Statement

Revenue

$7M+29.0% YoY

Gross Profit

$3M41.9% margin

Operating Income

-$715,000-10.2% margin

Net Income

-$421,000-6.0% margin

EPS (Diluted)

$-0.01

QoQ Revenue Growth

+42.1%

Cash Flow

Operating Cash Flow

-$2M

Free Cash Flow

-$2M

Stock-Based Comp.

$124,000

Balance Sheet

Total Assets

$49M

Total Liabilities

$5M

Stockholders' Equity

$44M

Cash & Equivalents

$10M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$7M	$5M	+29.0%
Gross Profit	$3M	$2M	+47.9%
Operating Income	-$715,000	-$1M	+46.3%
Net Income	-$421,000	-$1M	+59.7%

Revenue Segments

FUEL CHEM

$3M54%

Air Pollution Control

$3M46%

Geographic Segments

UNITED STATES

$4M63%

Europe

$2M24%

Asia

$590,0008%

Latin America

$293,0004%