---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-022533"
form_type: "8-K"
ticker: "FTEK"
cik: "0000846913"
company_name: "FUEL TECH, INC."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T03:22:16.261635+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Fuel Tech Q2 revenue falls to $5.5M, net loss $(0.03)/share vs $(0.01) YoY

## Summary
- Revenue $5.5M vs $6.4M Q2 2022; net loss $(1.0)M ($0.03/share) versus loss $(0.4)M ($0.01/share).
- APC segment revenue rose 25% to $3.4M; FUEL CHEM segment fell to $2.0M from $3.6M on customer outages.
- Gross margin contracted to 37% from 42%; operating loss $(1.3)M vs $(0.5)M.
- Ended quarter with $32.9M cash/investments and no debt; APC backlog $6.6M.
- Management expects improved FUEL CHEM revenue in H2 and modest full-year revenue growth.

## SEC filing metadata
- accession: 0001437749-23-022533
- form_type: 8-K
- ticker: FTEK
- cik: 0000846913
- company_name: FUEL TECH, INC.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/846913/000143774923022533/0001437749-23-022533-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/846913/000143774923022533/ftek20230804_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-022533
- JSON: https://secwatch.observer/filing/0001437749-23-022533.json
- Plain text: https://secwatch.observer/filing/0001437749-23-022533.txt

## Key facts
- Earnings Releases
  FUEL TECH, INC. reported the second quarter ended June 30, 2023 results: revenue $5.5 million, net income $(1.0) million, or $(0.03) per share, EPS $(0.03) per share. Guidance reaffirmed.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $5.5 million
  - Net income: $(1.0) million, or $(0.03) per share
  - EPS: $(0.03) per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: revenue for full year 2023 will improve modestly from 2022, driven primarily by our APC business.” Q2 2023 Consolidated Results Overview Consolidated revenues for Q2 2023 were $5.5 million compared to $6.4 million in the second quarter ended June 30, 2022 (“Q2 2022”), reflecting higher APC revenue offset by a decline in FUEL CHEM revenue. Consolidated gross margin
  evidence_url: https://www.sec.gov/Archives/edgar/data/846913/000143774923022533/0001437749-23-022533-index.htm

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