Welcome to our dedicated page for Fuel Tech news (Ticker: FTEK), a resource for investors and traders seeking the latest updates and insights on Fuel Tech stock.
Fuel Tech, Inc. (NASDAQ: FTEK) is a technology company that develops proprietary emissions control, process optimization, and water treatment solutions for utility and industrial applications. The FTEK news feed on Stock Titan highlights company announcements, financial updates, and project awards that reflect the performance and deployment of its Air Pollution Control (APC), FUEL CHEM, and Dissolved Gas Infusion (DGI®) technologies.
Investors and industry observers can use this page to follow quarterly earnings releases, including detailed segment performance for APC and FUEL CHEM, gross margin trends, and commentary on cash, investments, and backlog. Fuel Tech regularly issues press releases in connection with its quarterly results and files related Form 8-K reports with the SEC, providing insight into how its emissions control and water treatment businesses are progressing.
The news stream also covers contract awards and project wins for SCR, SNCR, ASNCR, and ULTRA systems, as well as reagent delivery equipment and advanced engineering engagements. These items often describe orders from customers in the United States, Europe, and Southeast Asia, and show how Fuel Tech’s technologies are being applied to coal-fired units, gas-fired industrial process units, biomass units, renewable energy facilities supporting green hydrogen production, and data center-related power projects.
Additional updates include information on DGI demonstrations in water and wastewater settings, such as fish hatcheries, and corporate events like investor conference presentations and scheduled earnings calls. By reviewing the FTEK news page, users can track how Fuel Tech’s proprietary technologies are being adopted, how its backlog evolves, and how management characterizes opportunities in emissions control and water treatment markets over time.
Fuel Tech, Inc. (NASDAQ: FTEK) reported mixed financial results for Q3 2021, with total revenues declining to $7.6 million from $8.2 million in Q3 2020. The FUEL CHEM segment saw revenue growth, reaching $5.6 million, while the APC segment revenues fell to $1.9 million. Net income decreased to $0.7 million ($0.02 per share) compared to $2.4 million ($0.10 per share) in Q3 2020. Despite facing challenges, the company secured $4.5 million in new contracts and has a promising sales pipeline of $50-75 million. Cash reserves stood at $36.3 million with no debt.
Fuel Tech, Inc. (NASDAQ: FTEK) will release its financial results for the third quarter ending September 30, 2021 on November 9, 2021. The announcement will take place after the market closes. Management will discuss the results during a conference call on November 10, 2021, at 10:00 am ET. Interested parties can join by phone or access the call online. Fuel Tech specializes in advanced technologies for emissions control and water treatment, serving utility and industrial applications globally.
Fuel Tech, Inc. (NASDAQ: FTEK) announced that President & CEO Vince Arnone will present at the 23rd Annual H.C. Wainwright Global Investment Conference, scheduled virtually from September 13-15, 2021. The presentation will begin at 7:00 a.m. Eastern Time on September 13, with materials available at www.ftek.com. Investors can register for the event through www.hcwevents.com/annualconference. Fuel Tech provides advanced technologies for emissions control, water treatment, and process optimization, boasting over 1,200 installed units worldwide.
Fuel Tech, Inc. (FTEK) reported Q2 2021 revenues of $5.2 million, up 18.6% from Q2 2020, driven by a 72% increase in its FUEL CHEM® segment. The APC segment faced challenges due to COVID-19-related delays. Gross margin improved to 49.5% from 13.7%, excluding a warranty charge. Net loss narrowed to $(0.8) million or $(0.03) per share. The company ended the quarter with $36.6 million in cash, no debt, and a backlog of $4.9 million in the APC segment. A conference call is scheduled for August 11, 2021, to discuss results.
Fuel Tech, Inc. (NASDAQ: FTEK) plans to release its financial results for Q2 2021 on August 10, 2021, after market close. A conference call will be held on August 11 at 10:00 am ET to discuss the outcomes and ongoing business activities. Participants can join via phone or through the company's website. Fuel Tech specializes in advanced technologies for emissions control and water treatment, recognized for its FUEL CHEM® technology that enhances combustion efficiency and environmental performance in numerous units globally.
Fuel Tech, Inc. (NASDAQ: FTEK) has secured multiple contracts for air pollution control (APC) totaling approximately $4.5 million from clients in Korea, North America, and Europe. These include orders for Selective Catalytic Reduction (SCR) technology and catalyst replacements. The company also completed two US demonstrations of its DGI™ wastewater treatment technology. CEO Vincent J. Arnone expressed optimism about increasing market activity due to improved economic conditions post-COVID-19.
Fuel Tech, Inc. (NASDAQ: FTEK) announced its inclusion in the Russell Microcap® Index, effective June 25, 2021. This milestone is perceived as a recognition of the company's progress and the opportunities it seeks. Vincent J. Arnone, President and CEO, highlighted the positive implications of increased visibility among institutional investors, crediting the company's debt-free balance sheet. Fuel Tech specializes in advanced engineering solutions, focusing on air pollution control and water treatment technologies, which have been deployed globally across over 1,200 utility and industrial units.
Fuel Tech, Inc. (NASDAQ: FTEK) announced plans for its Annual Meeting of Stockholders on May 20, 2021, including a conference call for participation. The meeting will be brief, focusing solely on voting items without a management presentation. Shareholders can access details in the proxy statement filed with the SEC on March 26, 2021. Fuel Tech specializes in advanced engineering for combustion systems, emissions control, and water treatment, leading in nitrogen oxide reductions and particulate control globally, with over 1,200 installations.
Fuel Tech, Inc. (NASDAQ: FTEK) reported a 33.2% increase in Q1 2021 revenues, reaching $5.0 million compared to $3.8 million in Q1 2020, primarily driven by a nearly 60% growth in FUEL CHEM segment sales due to higher power demand and recovery from COVID-19.
However, the Air Pollution Control (APC) segment faced sluggish performance with revenues declining to $0.9 million from $1.2 million. Notably, the company ended the quarter with $36.1 million in cash and no debt, emphasizing a strong financial position.
Fuel Tech, Inc. (NASDAQ: FTEK) will release its financial results for Q1 2021 on May 12, 2021, after market close. A conference call is scheduled for May 13, 2021, at 10:00 am ET to discuss these results and business activities. Interested participants can join the call by dialing (877) 423-9820 for domestic or (201) 493-6749 for international. The call will also be available online at www.ftek.com. Fuel Tech specializes in technologies for air pollution control and water treatment, with a strong emphasis on optimizing combustion systems.