Fuel Tech Q2 revenue up 29% to $7.0M; net loss narrows, new APC bookings $5.0M

FUEL TECH, INC.

2024-Q2 EPS reported $0.00 revenue$11,999,000

Revenue $7.0M (+29% YoY); net loss $(0.4)M ($0.01 loss per share) vs $(1.0)M loss in Q2 2023.
FUEL CHEM revenue up 52% to $3.1M on dormant customer return; APC revenue up 15% to $3.9M.
Gross margin improved to 41.9% from 36.6%; SG&A as % of revenue declined to 46.1%.
New APC contract bookings of $5.0M announced; DGI fish hatchery demo planned for Q3 2024.
Cash and investments $30.1M, no debt; stockholders' equity $43.6M ($1.43/share).

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