secwatch.observer — SEC 8-K summary
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Issuer:     FUEL TECH, INC. (FTEK)
CIK:        0000846913
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001437749-22-011761
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fuel Tech Q1 2022 revenue up 10% to $5.5M; net loss of $(1.0)M vs prior-year income of $0.4M
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- Revenue $5.5M (+10% YoY); gross margin 41.4% vs 46.9% due to mix and costs.
- Net loss $(1.0)M ($(0.03)/share) vs net income $0.4M ($0.01/share) in Q1 2021 which included $1.6M PPP forgiveness.
- Cash $35.2M, no debt; backlog $9.6M up from $9.1M at Dec 2021.
- Adjusted EBITDA loss $(0.9)M unchanged YoY; guides total 2022 revenue modestly higher than 2021.
- APC segment revenue more than doubled to $2.2M; FUEL CHEM fell to $3.3M due to lower power demand.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/846913/000143774922011761/0001437749-22-011761-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/846913/000143774922011761/ftek20220502_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-011761

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