FTEK Q3 2023 Earnings — Fuel Tech, Inc. Revenue & Financial Results | Market Cap Arena

FTEKFuel Tech, Inc.

$40M

Q3 2023 Earnings

Industrials Industrial - Pollution & Treatment Controls

Income Statement

Revenue

$8M-0.4% YoY

Gross Profit

$4M45.2% margin

Operating Income

$133,0001.7% margin

Net Income

$459,0005.7% margin

EPS (Diluted)

$0.01

QoQ Revenue Growth

+46.3%

Cash Flow

Operating Cash Flow

$374,000

Free Cash Flow

$276,000

Stock-Based Comp.

$101,000

Balance Sheet

Total Assets

$50M

Total Liabilities

$6M

Stockholders' Equity

$44M

Cash & Equivalents

$13M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$8M	$8M	-0.4%
Gross Profit	$4M	$4M	-1.6%
Operating Income	$133,000	$192,000	-30.7%
Net Income	$459,000	$314,000	+46.2%

Revenue Segments

FUEL CHEM

$4M54%

Air Pollution Control

$4M46%

Geographic Segments

UNITED STATES

$6M71%

Asia

$1M15%

Europe

$1M13%

Latin America

$157,0002%