secwatch.observer — SEC 8-K summary
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Issuer:     FUEL TECH, INC. (FTEK)
CIK:        0000846913
Form:       8-K
Filed at:   2021-11-09T23:59:59+00:00
Accession:  0001437749-21-025933
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fuel Tech Q3 net income $0.7M ($0.02/sh); FUEL CHEM rev up, APC down; cash $36.3M no debt
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- Net income $0.7M ($0.02 diluted EPS) vs $2.4M ($0.10) in Q3 2020; prior year included $2.6M insurance settlement.
- Revenue $7.6M, down from $8.2M; FUEL CHEM segment revenue rose to $5.6M from $5.3M; APC fell to $1.9M from $2.9M.
- APC backlog $8.2M at Sep 30, 2021 vs $5.3M at Dec 31, 2020; sales pipeline increased to $50-75M.
- Cash and equivalents $35.2M plus restricted $1.1M; no debt; stockholders' equity $46.4M ($1.53/sh).
- Adjusted EBITDA $0.9M vs $2.7M; excluding settlement, prior year adj EBITDA was $0.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/846913/000143774921025933/0001437749-21-025933-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/846913/000143774921025933/ftek20211101_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-025933

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