Fuel Tech (FTEK)

Fuel Tech develops and commercializes state-of-the-art proprietary technologies for air pollution control, process optimization, water treatment, and advanced engineering services. These technologies enable customers to operate in a cost-effective and environmentally sustainable manner. Fuel Tech is a leader in nitrogen oxide (NOx) reduction and particulate control technologies and its solutions have been in installed on over 1,200 utility, industrial and municipal units worldwide. The Company's FUEL CHEM® technology improves the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units by controlling slagging, fouling, corrosion and opacity. Water treatment technologies include DGI™ Dissolved Gas Infusion Systems which utilize a patented nozzle to deliver supersaturated oxygen solutions and other gas-water combinations to target process applications or environmental issues. This infusion process has a variety of applications in the water and wastewater industries, including remediation, aeration, biological treatment and wastewater odor management. Many of Fuel Tech's products and services rely heavily on the Company's exceptional Computational Fluid Dynamics modeling capabilities, which are enhanced by internally developed, high-end visualization software.

Company profile

Ticker

FTEK

Exchange

NASDAQ

Website

www.ftek.com

CEO

Vincent J. Arnone

Incorporated

Delaware

Location

Illinois

Fiscal year end

Dec 31

Sector

Administrative and Support and Waste Management and Remediation Services > Facilities Support Services

Industry (SIC)

Industrial & Commercial Fans & Blowers & Air Purifying Equip

Donaldson • Perma-Pipe International • Ceco Environmental • AeroClean • Bare Metal Standard • Princeton Capital • Kronos Advanced ...

Former names

FUEL TECH N V

SEC CIK

0000846913

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

IRS number

205657551

FTEK stock data

1M 1Y 5Y

News

From Benzinga Pro

Fuel Tech: Q2 Earnings Insights

10 Aug 22

Fuel Tech (NASDAQ:FTEK) reported its Q2 earnings results on Wednesday, August 10, 2022 at 04:20 PM. Here's what investors need to know about the announcement.

Fuel Tech Q2 EPS $0.01 Beats $(0.03) Estimate, Sales $6.37M Beat $6.13M Estimate

10 Aug 22

Fuel Tech (NASDAQ:FTEK) reported quarterly earnings of $0.01 per share which beat the analyst consensus estimate of $(0.03) by 133.33 percent. This is a 133.33 percent increase over losses of $(0.03) per share from the

Earnings Scheduled For August 10, 2022

10 Aug 22

Companies Reporting Before The Bell • Wix.com (NASDAQ:WIX) is estimated to report earnings for its second quarter.

12 Industrials Stocks Moving In Wednesday's Pre-Market Session

20 Jul 22

12 Industrials Stocks Moving In Monday's Pre-Market Session

6 Jun 22

Press releases

From Benzinga Pro

Fuel Tech Reports 2022 Second Quarter Financial Results

10 Aug 22

Fuel Tech, Inc. (NASDAQ:FTEK), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications,

Fuel Tech Schedules 2022 Second Quarter Financial Results and Conference Call

4 Aug 22

Fuel Tech, Inc. (NASDAQ:FTEK), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control and water treatment in utility and industrial applications,

Fuel Tech Awarded Air Pollution Control Contracts Valued at $3.6 Million

23 Jun 22

New Chemical Technology Account Commences Operations Fuel Tech, Inc. (NASDAQ:FTEK), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control and water

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

10 Aug 22

12 Aug 22

31 Dec 22

Financial summary

Financial statements Chart FTEK financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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)	33.3M	33.3M	33.3M	33.3M	33.3M	33.3M
Cash burn (monthly)	647.33K	272K	161.67K	87.08K	525K	232.42K
Cash used (since last report)	940.47K	395.17K	234.87K	126.52K	762.74K	337.66K
Cash remaining	32.36M	32.9M	33.06M	33.17M	32.54M	32.96M
Runway (months of cash)	50.0	121.0	204.5	380.9	62.0	141.8

Beta Read what these cash burn values mean

Financial data from Fuel Tech earnings reports.

Recent insider trades

FTEK insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
2 Jun 22	Ellen T Albrecht	RSU Common Stock	Grant	Acquire A	No	No	75,758	75,758
2 Jun 22	Dennis L Zeitler	RSU Common Stock	Grant	Acquire A	No	No	15,000	15,000
2 Jun 22	William E Cummings JR	RSU Common Stock	Grant	Acquire A	No	No	64,394	64,394
2 Jun 22	Sharon L Jones	RSU Common Stock	Grant	Acquire A	No	No	15,000	15,000
2 Jun 22	Douglas G Bailey	RSU Common Stock	Grant	Acquire A	No	No	15,000	15,000

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

FTEK institutional ownership history Ownership history

16.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	34	42	-19.0%
Opened positions	2	8	-75.0%
Closed positions	10	6	+66.7%
Increased positions	8	10	-20.0%
Reduced positions	11	10	+10.0%

13F shares	Current	Prev Q	Change
Total value	7.88M	8.34M	-5.5%
Total shares	5.09M	5.66M	-10.1%
Total puts	0	0
Total calls	111.7K	61.6K	+81.3%
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Grace & White	1.71M	$2.49M	+10.7%
Renaissance Technologies	841.02K	$1.22M	+4.2%
Vanguard	824.92K	$1.2M	-4.2%
BLK Blackrock	491.01K	$712K	-0.6%
Geode Capital Management	373.6K	$541K	+1.2%
USB U.S. Bancorp.	304.78K	$442K	+25.2%
Marquette Asset Management	126.08K	$183K	+131.2%
STT State Street	96.85K	$140K	0.0%
BAC Bank Of America	67.61K	$98K	+33.2%
NTRS Northern Trust	40.16K	$58K	0.0%

Largest transactions	Shares	Bought/sold	Change
Millennium Management	0	-230.92K	EXIT
Anson Funds Management	0	-166.66K	EXIT
Grace & White	1.71M	+165.84K	+10.7%
Gsa Capital Partners	0	-162.56K	EXIT
Citadel Advisors	0	-118.9K	EXIT
Marquette Asset Management	126.08K	+71.56K	+131.2%
GS Goldman Sachs	0	-70.19K	EXIT
USB U.S. Bancorp.	304.78K	+61.3K	+25.2%
Susquehanna International	23.22K	-39.11K	-62.7%
Vanguard	824.92K	-35.75K	-4.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: accretion, Agency, approved, classified, create, equivalent, exposure, Government, greater, hold, HTM, intent, ladder, milestone, minimizing, portion, premium, preserving, replaced, short, strategy, unforeseen

Removed: achievement, commencing, comprised, deposit, discretion, doubtful, earn, entitled, generation, opportunity, Participating, pay, payment, power, President, reflected, RSU, separate, sheet

From filing 10-Q 2022 Q2

Financial reports

View all