secwatch.observer — SEC 8-K summary
======================================

Issuer:     FUEL TECH, INC. (FTEK)
CIK:        0000846913
Form:       8-K
Filed at:   2023-03-07T23:59:59+00:00
Accession:  0001437749-23-005674
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/846913/000143774923005674/0001437749-23-005674-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/846913/000143774923005674/ftek20230220_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-005674

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