fuel tech is a leading technology company engaged in the worldwide development and application of multi-pollutant emissions control systems, enabling customers to produce energy in a cost-effective and environmentally sustainable manner. our technologies are applied to units where coal, natural gas, heavy oil, biomass, municipal waste, and other fuels are utilized. with more than 20 years of experience and over 1,000 apc system installations worldwide, we engineer custom-designed systems to meet our customers’ specific requirements.
Company profile
Ticker
FTEK
Exchange
Website
CEO
Vincent J. Arnone
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
FUEL TECH N V
SEC CIK
Corporate docs
IRS number
205657551
FTEK stock data
Latest filings (excl ownership)
DEF 14A
Definitive proxy
15 Apr 24
PRE 14A
Preliminary proxy
4 Apr 24
8-K
Departure of Directors or Certain Officers
28 Mar 24
10-K
2023 FY
Annual report
11 Mar 24
8-K
Fuel Tech Reports 2023 Fourth Quarter and Full Year Financial Results
11 Mar 24
8-K
Departure of Directors or Certain Officers
6 Mar 24
8-K
Departure of Directors or Certain Officers
8 Dec 23
10-Q
2023 Q3
Quarterly report
7 Nov 23
8-K
Fuel Tech Reports 2023 Third Quarter Financial Results
7 Nov 23
8-K
Regulation FD Disclosure
12 Sep 23
Transcripts
FTEK
Earnings call transcript
2023 Q4
12 Mar 24
FTEK
Earnings call transcript
2023 Q3
8 Nov 23
FTEK
Earnings call transcript
2023 Q2
9 Aug 23
FTEK
Earnings call transcript
2023 Q1
10 May 23
FTEK
Earnings call transcript
2022 Q4
8 Mar 23
FTEK
Earnings call transcript
2022 Q3
9 Nov 22
FTEK
Earnings call transcript
2022 Q2
11 Aug 22
FTEK
Earnings call transcript
2022 Q1
11 May 22
FTEK
Earnings call transcript
2021 Q4
9 Mar 22
FTEK
Earnings call transcript
2021 Q3
10 Nov 21
Latest ownership filings
4
Ellen T Albrecht
4 Mar 24
4
VINCENT J ARNONE
4 Mar 24
4
William E Cummings JR
4 Mar 24
SC 13G/A
GRACE & WHITE INC /NY
5 Feb 24
4
VINCENT J ARNONE
14 Aug 23
4
DOUGLAS G BAILEY
9 Jun 23
4
Sharon L Jones
9 Jun 23
4
DENNIS L ZEITLER
9 Jun 23
SC 13G/A
GRACE & WHITE INC /NY
27 Jan 23
4
VINCENT J ARNONE
6 Jun 22
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 13.48 mm | 13.48 mm | 13.48 mm | 13.48 mm | 13.48 mm | 13.48 mm |
Cash burn (monthly) | 550.33 k | 883.25 k | (no burn) | 157.33 k | (no burn) | 96.42 k |
Cash used (since last report) | 3.68 mm | 5.90 mm | n/a | 1.05 mm | n/a | 644.15 k |
Cash remaining | 9.81 mm | 7.58 mm | n/a | 12.43 mm | n/a | 12.84 mm |
Runway (months of cash) | 17.8 | 8.6 | n/a | 79.0 | n/a | 133.2 |
Institutional ownership, Q3 2023
19.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 38 |
Opened positions | 3 |
Closed positions | 5 |
Increased positions | 8 |
Reduced positions | 13 |
13F shares | Current |
---|---|
Total value | 6.12 bn |
Total shares | 6.01 mm |
Total puts | 300.00 |
Total calls | 18.80 k |
Total put/call ratio | 0.0 |
Largest owners | Shares | Value |
---|---|---|
Grace & White | 1.74 mm | $2.05 bn |
Renaissance Technologies | 806.32 k | $951.00 k |
Vanguard | 772.20 k | $911.20 mm |
Acuitas Investments | 600.68 k | $708.80 mm |
BLK Blackrock | 468.52 k | $552.85 mm |
Geode Capital Management | 432.05 k | $509.89 mm |
Essex Investment Management | 383.72 k | $452.79 mm |
USB U.S. Bancorp. | 304.78 k | $359.64 mm |
Marquette Asset Management | 126.08 k | $148.77 mm |
STT State Street | 95.45 k | $112.63 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
29 Feb 24 | William E Cummings JR | RSU Common Stock | Grant | Acquire A | No | No | 0 | 9,400 | 0.00 | 9,400 |
29 Feb 24 | Ellen T Albrecht | RSU Common Stock | Grant | Acquire A | No | No | 0 | 12,500 | 0.00 | 12,500 |
29 Feb 24 | Arnone Vincent J | RSU Common Stock | Grant | Acquire A | No | No | 0 | 31,100 | 0.00 | 31,100 |
11 Aug 23 | Arnone Vincent J | Common Stock | Buy | Acquire P | No | No | 1.199 | 15,000 | 17.99 k | 344,755 |
7 Jun 23 | Dennis L Zeitler | RSU Common Stock | Grant | Acquire A | No | No | 0 | 15,000 | 0.00 | 15,000 |
News
HC Wainwright & Co. Reiterates Buy on Fuel Tech, Maintains $4 Price Target
13 Mar 24
12 Industrials Stocks Moving In Tuesday's Pre-Market Session
12 Mar 24
12 Industrials Stocks Moving In Monday's After-Market Session
11 Mar 24
Recap: Invesco KBW NASDAQ Fintech UCITS ETF Q4 Earnings
11 Mar 24
Fuel Tech Q4 2023 GAAP EPS $(0.02) Beats $(0.03) Estimate, Sales $6.345M Miss $6.897M Estimate
11 Mar 24
Press releases
Fuel Tech Awarded Air Pollution Control Orders Totaling $2.1 Million
11 Mar 24
Fuel Tech Reports 2023 Fourth Quarter and Full Year Financial Results
11 Mar 24
Fuel Tech Schedules 2023 Fourth Quarter and Full Year Financial Results and Conference Call
27 Feb 24
Fuel Tech Publishes White Paper on Positive Effects of Its Dissolved Gas Infusion Technology in an Aquaculture Setting
6 Feb 24