Fuel Tech Q2 revenue down 20% to $5.6M, net loss $(0.02)/sh; backlog drops to $7.8M

FUEL TECH, INC.

2025-Q2 EPS reported -$0.05 revenue$11,940,000

Revenue $5.6M vs $7.0M; net loss $(689K) ($0.02/sh) vs $(421K) ($0.02/sh).
Gross margin improved to 45.5% from 41.9%; APC segment margin 43.9% vs 39.1%.
APC backlog $7.8M at June 30, down from $10.3M at March 31; expects $2.5-3.0M new orders in Aug.
Cash and securities $31M, no debt; equity $40.6M ($1.32/sh).
CEO highlights data center SCR opportunities; DGI demonstration at fish hatchery through Q2 2026.

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