FTEK Q3 2022 Earnings — Fuel Tech, Inc. Revenue & Financial Results | Market Cap Arena

FTEKFuel Tech, Inc.

$39M

Q3 2022 Earnings

Industrials Industrial - Pollution & Treatment Controls

Income Statement

Revenue

$8M+6.1% YoY

Gross Profit

$4M45.8% margin

Operating Income

$192,0002.4% margin

Net Income

$314,0003.9% margin

EPS (Diluted)

$0.01

QoQ Revenue Growth

+25.9%

Cash Flow

Operating Cash Flow

$730,000

Free Cash Flow

$682,000

Stock-Based Comp.

$90,000

Balance Sheet

Total Assets

$50M

Total Liabilities

$5M

Stockholders' Equity

$45M

Cash & Equivalents

$24M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$8M	$8M	+6.1%
Gross Profit	$4M	$4M	-1.3%
Operating Income	$192,000	$578,000	-66.8%
Net Income	$314,000	$678,000	-53.7%

Revenue Segments

FUEL CHEM

$5M74%

Air Pollution Control

$2M26%

Geographic Segments

UNITED STATES

$7M77%

Non-US

$1M12%

Europe

$613,0007%

Asia

$376,0004%

Latin America

$56,0001%