---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-005674"
form_type: "8-K"
ticker: "FTEK"
cik: "0000846913"
company_name: "FUEL TECH, INC."
filed_at: "2023-03-07T23:59:59+00:00"
generated_at: "2026-06-18T10:53:14.382279+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Fuel Tech Q4 2022 revenue $7.0M, net loss $0.4M; full year revenue $26.9M, net loss $1.4M

## Summary
- Q4 2022 revenue $7.0M (up 7.7% YoY); net loss $0.4M ($0.01/sh) vs $0.2M loss in Q4 2021.
- FY 2022 revenue $26.9M (up 10.7% YoY); net loss $1.4M ($0.05/sh) vs net income $0.1M in 2021.
- Cash and investments $32.7M, no debt; APC backlog $8.2M at Dec 31, 2022.
- Guides 2023 revenue modestly higher, driven by APC segment; FUEL CHEM expected to decline slightly.
- Hired Bill Decker as VP Water & Wastewater Treatment Technologies to lead DGI commercialization.

## SEC filing metadata
- accession: 0001437749-23-005674
- form_type: 8-K
- ticker: FTEK
- cik: 0000846913
- company_name: FUEL TECH, INC.
- filed_at: 2023-03-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/846913/000143774923005674/0001437749-23-005674-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/846913/000143774923005674/ftek20230220_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-005674
- JSON: https://secwatch.observer/filing/0001437749-23-005674.json
- Plain text: https://secwatch.observer/filing/0001437749-23-005674.txt

## Key facts
- Earnings Releases
  FUEL TECH, INC. reported fourth quarter ended December 31, 2022 results: revenue $7.0 million, net income $(0.4) million, or $(0.01) per share, EPS $(0.01) per share.
  - Period: fourth quarter ended December 31, 2022
  - Revenue: $7.0 million
  - Net income: $(0.4) million, or $(0.01) per share
  - EPS: $(0.01) per share
  - Result: reported results
  source text: Consolidated revenues for the fourth quarter ended December 31, 2022 (“Q4 2022”) rose to $7.0 million from $6.5 million in the fourth quarter ended December 31, 2021 (“Q4 2021”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/846913/000143774923005674/0001437749-23-005674-index.htm
- Earnings Releases
  FUEL TECH, INC. reported full year ended December 31, 2022 results: revenue $26.9 million, net income $(1.4) million, or $(0.05) per diluted share, EPS $(0.05) per diluted share. Guidance reaffirmed.
  - Period: full year ended December 31, 2022
  - Revenue: $26.9 million
  - Net income: $(1.4) million, or $(0.05) per diluted share
  - EPS: $(0.05) per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Consolidated revenues for 2022 rose to $26.9 million from $24.3 million, reflecting a 54% increase in APC revenues offset by a 6% decline in FUEL CHEM revenues.
  evidence_url: https://www.sec.gov/Archives/edgar/data/846913/000143774923005674/0001437749-23-005674-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.