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Stock impact report

Fuel Tech Inc (FTEK) Q3 2024 Earnings Call Highlights: Navigating Challenges with Strategic Growth [Yahoo! Finance]

Fuel Tech, Inc. (FTEK) 
Last fuel tech, inc. earnings: 3/11 05:08 pm Check Earnings Report
US:NASDAQ Investor Relations: ftek.com/investors
Company Research Source: Yahoo! Finance
FUEL CHEM Revenue: Increased to $4.6 million from $4.3 million in the third quarter of 2023. APC Segment Revenue: Declined to $3.2 million from $3.7 million in the prior year's third quarter. Consolidated Gross Margin: 43% of revenues, down from 45% in the prior year's third quarter. APC Segment Gross Margin: Decreased to 35% from 40% in the prior year period. FUEL CHEM Segment Gross Margin: Flat at 49% compared to last year. SG&A Expenses: Increased to $3.2 million from $3 million in the prior year's third quarter. Research and Development Expenses: Decreased by 30% to $361,000 from $513,000 in the prior year's third quarter. Net Income: $80,000 or $0.00 per share, compared to $459,000 or $0.01 per share in the prior year period. Adjusted EBITDA Loss: $35,000 compared to an adjusted EBITDA of $352,000 in the prior year period. Cash and Cash Equivalents: $12.3 million as of September 30, 2024. Short- and Long-term Investments: Totaling $19 million as of September Show less Read more
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