Fuel Tech reports first annual net income since 2013; Q4 loss narrows to $0.2M

FUEL TECH, INC.

Full year 2021 net income $0.1M ($0.00 diluted EPS) vs net loss $(4.3)M ($0.17) in 2020.
Q4 2021 revenue $6.5M (+5% YoY); gross margin improved to 50.2% from 41.9%.
Q4 2021 net loss $(0.2)M ($0.01/share) vs net loss $(1.5)M ($0.07/share) in Q4 2020.
Cash and cash equivalents $35.9M, no debt; APC backlog $9.1M (up from $5.3M).
Announced $5.3M of new APC orders in Q1 2022; FUEL CHEM revenue up 24.1% for full year.

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