Quarterly ResultMay 5, 2026, 04:40 PM
FUEL TECH Q1 Net Loss Widens to $1.36M; Revenue Down 4.7%
AI Summary
FUEL TECH, INC. reported a widened net loss of $1.36 million for the first quarter ended March 31, 2026, compared to a net loss of $0.74 million in the prior year period. Total revenues decreased by 4.7% to $6.08 million. The company's operating loss also increased significantly to $1.60 million from $0.95 million year-over-year, primarily driven by higher selling, general, and administrative expenses. The company continues its restructuring activities in China, with remaining transition activities including satisfying requirements for remaining APC projects and subsidiary closure.
Key Highlights
- Net loss for Q1 2026 widened to $1.36 million from $0.74 million in Q1 2025.
- Total revenues decreased by 4.7% to $6.08 million in Q1 2026 from $6.38 million in Q1 2025.
- Operating loss increased by 67.7% to $1.60 million in Q1 2026, up from $0.95 million in Q1 2025.
- Basic and diluted net loss per common share was $(0.04) in Q1 2026, compared to $(0.02) in Q1 2025.
- Cash and cash equivalents decreased to $9.11 million at March 31, 2026, from $11.94 million at December 31, 2025.
- Air Pollution Control technology revenues increased by 23.1% to $1.60 million in Q1 2026.
- FUEL CHEM technology revenues decreased by 11.9% to $4.48 million in Q1 2026.
- Remaining performance obligations for APC technology totaled $6.92 million as of March 31, 2026.
Price Impact
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