secwatch.observer — SEC 8-K summary
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Issuer:     FUEL TECH, INC. (FTEK)
CIK:        0000846913
Form:       8-K
Filed at:   2022-08-10T23:59:59+00:00
Accession:  0001437749-22-019799
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fuel Tech reports Q2 2022 revenue of $6.4M, up 22% YoY; net loss narrows to $0.01/sh
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- Revenue $6.4M (+22% YoY); APC up $1.8M to $2.7M, FUEL CHEM down $0.6M to $3.6M.
- Operating loss $(0.5)M vs $(0.7)M; net loss $(0.4)M or $(0.01)/share vs $(0.03) prior year.
- Gross margin 42.1% vs 49.5% due to product mix shift and higher material/freight/labor costs.
- Cash and equivalents $31.3M; restricted $2.0M; no debt; backlog $10.5M vs $9.1M at year-end.
- DGI technology validated: >99% oxygen transfer efficiency; white paper with independent experts pending.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/846913/000143774922019799/0001437749-22-019799-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/846913/000143774922019799/ftek20220727_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-019799

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