Fuel Tech down 6% after Q2 results miss [Seeking Alpha]
Fuel Tech, Inc. (FTEK)
Last fuel tech, inc. earnings: 3/11 05:08 pm
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ftek.com/investors
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Source: Seeking Alpha
Fuel Tech ( FTEK ) reported Q2 revenue decrease of 24.5% Y/Y to $8.95M, reflecting lower revenues at Air Pollution Control segment. Q2 Gross margin to 43.6%, reflecting the mix between APC and FUEL CHEM revenues recognized during the quarter. APC segment sales were $4.8M (-42.9% Y/Y); and gross margin was 38.1% . Company says business development activity for APC business segment has been slower than anticipated during the first half of this year, as many of the contracts that they had hoped to secure have been delayed or canceled by the end customer and in a couple of select cases lost to competing bids. FUEL CHEM segment sales were $4.1M (+20.6% Y/Y); and gross margin 49.9% SG&A expenses were $4.45M (-6.5% Y/Y) and as percentage of revenues 49.8%. Q2 Adj. EBITDA loss was $0.5M, compared to a loss of $1.1M in Q2 2018. Net cash used in operating activities - continuing operations was $2.8M, compared to $3.47M a year ago. Previously: Fuel Tech EPS misses b
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FTEK
News
- Fuel Tech, Inc. (NASDAQ: FTEK) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Is Fuel Tech (FTEK) Outperforming Other Industrial Products Stocks This Year? [Yahoo! Finance]Yahoo! Finance
- Fuel Tech, Inc. (NASDAQ: FTEK) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Fuel Tech, Inc. (NASDAQ: FTEK) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Zacks Industry Outlook Highlights Donaldson, Atmus Filtration Technologies and Fuel Tech [Yahoo! Finance]Yahoo! Finance
FTEK
Earnings
- 3/11/24 - Beat
FTEK
Analyst Actions
- 3/18/24 - HC Wainwright
FTEK
Sec Filings
- 4/15/24 - Form DEF
- 4/4/24 - Form PRE
- 3/28/24 - Form 8-K
- FTEK's page on the SEC website