earnings
confidence high
sentiment positive
materiality 0.65
Fuel Tech Q2 2021 revenue rises 18.6% to $5.2M; net loss narrows to $0.8M
FUEL TECH, INC.
2021-Q2 EPS reported
-$0.01
revenue$10,251,000
- Revenue $5.2M (+18.6% YoY); net loss $0.8M ($0.03/sh) vs $2.5M ($0.10/sh) in Q2 2020.
- FUEL CHEM segment revenue up 71.8% to $4.2M on new TIFI installations and higher power demand.
- APC segment revenue fell to $1.0M from $1.9M due to pandemic project delays.
- Gross margin improved to 49.5% (40% excluding prior-year $1.1M warranty charge).
- Cash $36.6M, no debt; APC backlog $4.9M at June 30, plus $4.5M new contracts in July.