Quarterly ResultMay 5, 2026, 04:17 PM
Fuel Tech Q1 Net Loss $(1.4)M; Revenue $6.1M; $10M APC Awards
AI Summary
Fuel Tech, Inc. reported a net loss of $(1.4) million, or $(0.04) per share, on consolidated revenues of $6.1 million for Q1 2026, a 5% decline year-over-year. The Air Pollution Control (APC) segment saw a 23% revenue increase to $1.6 million, while the FUEL CHEM segment revenue declined to $4.5 million. The company also announced new APC awards valued at approximately $10 million, bringing the proforma APC backlog to its highest level since 2018.
Key Highlights
- Announced new APC awards valued at approximately $10 million.
- Q1 2026 consolidated revenues declined 5% to $6.1 million.
- Q1 2026 net loss was $(1.4) million, or $(0.04) per share.
- Air Pollution Control (APC) segment revenue rose 23% to $1.6 million.
- FUEL CHEM segment revenue declined to $4.5 million.
- Consolidated gross margin for Q1 2026 declined to 43.5% of revenues.
- Cash and equivalents at March 31, 2026, were $30.6 million.
- Proforma APC backlog is at its highest level since 2018.