Fuel Tech Inc (OQ:FTEK)
Business Focus: Purification & Treatment Equipment
| Sector: Industrials | Industry: Environmental Services & Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 27601 Bella Vista Pkwy WARRENVILLE IL 60555 |
| Tel: | 1-630-8454500 |
| Website: | https://www.ftek.com |
| IR: | See website |
| Key People | ||
| Vincent J. Arnone Chairman of the Board, President, Chief Executive Officer | Ellen T. Albrecht Chief Financial Officer, Vice President, Treasurer | William E. Cummings Senior Vice President - Sales |
| Bradley W. Johnson Vice President, General Counsel, Secretary | William Decker Vice President - Water and Wastewater Treatment Technologies | |
| Business Overview |
| Fuel Tech, Inc. is a technology company, which is engaged in the development, commercialization and application of proprietary technologies for air pollution control, process optimization, water treatment and advanced engineering services. It has two segments: Air Pollution Control technology and FUEL CHEM technology. The Air Pollution Control technology segment includes technologies to reduce oxides of nitrogen (NOx) emissions in flue gas generated by the firing of natural gas or coal from boilers, incinerators, furnaces and other stationary combustion sources. These include NOxOUT and HERT Selective Non-Catalytic Reduction (SNCR) systems, and Selective Catalytic Reduction (SCR) systems. The FUEL CHEM technology segment uses chemical processes in combination with advanced computational fluid dynamics and chemical kinetics modeling boiler modeling for the control of slagging, fouling, corrosion, opacity and other sulfur trioxide-related issues in coal-fired furnaces and boilers. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Fuel Tech Inc revenues increased 1% to $27.1M. Net loss increased 7% to $1.5M. Revenues reflect Air Pollution Control segment increase of 27% to $13.5M, United States segment increase of 4% to $21.1M. Higher net loss reflects Fuel Chem segment income decrease of 17% to $6.6M, Other segment loss increase of 9% to $14.3M. |
| Employees: | 72 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $7.96M as of Dec 31, 2023 |
| Annual revenue (TTM): | $27.08M as of Dec 31, 2023 |
| EBITDA (TTM): | -$2.32M as of Dec 31, 2023 |
| Net annual income (TTM): | -$1.54M as of Dec 31, 2023 |
| Free cash flow (TTM): | $0.28M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 30,384,674 as of Apr 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Insidertracking.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Insider information is based on filings made either on EDGAR®
or on the System for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission. Copyright © 2024 INK Research Corp. All rights reserved.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.