secwatch.observer — SEC 8-K summary
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Issuer:     FUEL TECH, INC. (FTEK)
CIK:        0000846913
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001437749-24-033639
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fuel Tech Q3 net income $80k vs $459k; new APC orders $2.0M; cash $31.3M, no debt
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- Q3 2024 revenues $7.9M (down from $8.0M); net income $80k ($0.00 EPS) vs $459k ($0.01 EPS) YoY.
- Adjusted EBITDA loss of $35k vs positive $352k in Q3 2023; gross margin 43.4% vs 45.2%.
- FUEL CHEM revenue rose to $4.6M (up $0.3M); APC revenue fell to $3.2M (down $0.5M) on customer delays.
- New commercial TIFI program projected $1.5-2.0M annual revenue at historical FUEL CHEM margins.
- APC backlog $6.4M at Sep 30; new $2.0M APC orders announced; cash+investments $31.3M, no debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/846913/000143774924033639/0001437749-24-033639-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/846913/000143774924033639/ftek20241030_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-033639

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