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

Issuer:     FUEL TECH, INC. (FTEK)
CIK:        0000846913
Form:       8-K
Filed at:   2024-03-11T23:59:59+00:00
Accession:  0001437749-24-007334
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fuel Tech reports Q4 net loss of $539K; APC backlog up to $7.5M
---------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/846913/000143774924007334/0001437749-24-007334-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/846913/000143774924007334/ftek20240308_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-007334

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