{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-007334","form_type":"8-K","ticker":"FTEK","cik":"0000846913","company_name":"FUEL TECH, INC.","filed_at":"2024-03-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.047252+00:00","generated_at":"2026-06-05T00:15:38.422680+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Fuel Tech reports Q4 net loss of $539K; APC backlog up to $7.5M","bullets":["Q4 2023 revenue $6.3M vs $7.0M in Q4 2022; full-year revenue $27.1M (+1% YoY).","Q4 net loss $(0.02)/share; Full-year net loss $(1.5M) or $(0.05)/share.","APC backlog $7.5M at Dec 31, 2023, up from $5.6M at Sept 30, 2023.","Cash and investments total $33.4M; no long-term debt.","Targeting first commercial DGI contract in 2024; awarded ~$8.3M in new APC projects in 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-007334","json":"https://secwatch.observer/filing/0001437749-24-007334.json","markdown":"https://secwatch.observer/filing/0001437749-24-007334.md","text":"https://secwatch.observer/filing/0001437749-24-007334.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/846913/000143774924007334/0001437749-24-007334-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/846913/000143774924007334/ftek20240308_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T00:15:38.422680+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":"5226dd835f6dc18e440fee05691083c608620d4e","claim":"FUEL TECH, INC. reported the fourth quarter ended December 31, 2023 results: revenue $6.3 million, net income $(539,000), EPS $(0.02) per share.","evidence_excerpt":"of DGI. We are targeting to enter into our first commercial contract for DGI in 2024.” Q4 2023 Consolidated Results Overview Consolidated revenues for Q4 2023 declined to $6.3 million from $7.0 million in Q4 2022, with modest declines in both business segments from the prior year. Consolidated gross margin for Q4 2023 rose to 51.1% of revenues from 42.8% of","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/846913/000143774924007334/0001437749-24-007334-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$6.3 million"},{"label":"Net income","value":"$(539,000)"},{"label":"EPS","value":"$(0.02) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"a1fae1af8d0f48cad4a4ac41dde115c4940f8192","claim":"FUEL TECH, INC. reported the full year ended December 31, 2023 results: revenue $27.1 million, net income $(1.5) million, EPS $(0.05) per share.","evidence_excerpt":"EBITDA loss was $(0.6) million in Q4 2023 compared to Adjusted EBITDA loss of $(0.3) million in Q4 2022. 2023 Full Year Overview Consolidated revenues for 2023 rose 1.0% to $27.1 million from $26.9 million in 2022, reflecting the increase in APC revenue partially offset by a decline in FUEL CHEM revenue. Consolidated gross margin for full year 2023 was unchanged","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/846913/000143774924007334/0001437749-24-007334-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full year ended December 31, 2023"},{"label":"Revenue","value":"$27.1 million"},{"label":"Net income","value":"$(1.5) million"},{"label":"EPS","value":"$(0.05) per share"},{"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"}