{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-013317","form_type":"8-K","ticker":"FTEK","cik":"0000846913","company_name":"FUEL TECH, INC.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.425279+00:00","generated_at":"2026-06-15T11:13:19.777901+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Fuel Tech Q1 revenue up 32% to $7.3M, net loss narrows to $0.4M","bullets":["Net loss of $0.4M ($0.01 EPS) vs $1.0M ($0.03 EPS) in Q1 2022.","APC backlog of $7.6M; FUEL CHEM revenue rose to $3.7M from $3.3M.","Cash & investments total $33.8M with zero long-term debt.","New APC awards of $5.2M; EPA Good Neighbor Plan cited as potential catalyst.","DGI unit plans on-site demonstration of small-scale oxygen infusion late Q2/early Q3."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-013317","json":"https://secwatch.observer/filing/0001437749-23-013317.json","markdown":"https://secwatch.observer/filing/0001437749-23-013317.md","text":"https://secwatch.observer/filing/0001437749-23-013317.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/846913/000143774923013317/0001437749-23-013317-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/846913/000143774923013317/ftek20230504_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T11:13:19.777901+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d1611930e60e9d11711003b5333c5747e1e68cf2","claim":"FUEL TECH, INC. reported first quarter ended March 31, 2023 results: revenue $7.3 million, net income $(0.4) million, EPS $(0.01) per share. Guidance reaffirmed.","evidence_excerpt":"Consolidated revenues for the first quarter ended March 31, 2023 (“Q1 2023”) rose 31.7% to $7.3 million from $5.5 million in the first quarter ended March 31, 2022 (“Q1 2022”), reflecting higher revenues at APC and FUEL CHEM. Consolidated gross margin for Q1 2023 was 38.5% of revenues compared to 41.4% of revenues in Q1 2022, reflecting changes in product and project mix. SG&A expenses rose to $3.2 million from $3.1 million in Q1 2022, reflecting higher employee-related expenses partially offset by lower administrative costs and depreciation. As a percentage of consolidated revenues, SG&A expenses declined to 45% from 55%. Operating loss for the quarter was $(0.7) million compared to an operating loss of $(1.0) million in Q1 2022. Interest income improved to $0.3 million from $0.001 million in Q1 2022, reflecting higher interest rates on held-to-maturity debt securities and money market funds. Net loss in Q1 2023 narrowed to $(0.4) million, or $(0.01) per share, from a net loss of $(1.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/846913/000143774923013317/0001437749-23-013317-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$7.3 million"},{"label":"Net income","value":"$(0.4) million"},{"label":"EPS","value":"$(0.01) per share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}