secwatch.observer — SEC 8-K summary
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Issuer:     FUEL TECH, INC. (FTEK)
CIK:        0000846913
Form:       8-K
Filed at:   2022-03-08T23:59:59+00:00
Accession:  0001437749-22-005548
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/846913/000143774922005548/0001437749-22-005548-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/846913/000143774922005548/ftek20220228_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-005548

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer