Fuel Tech (FTEK) Misses Q1 EPS by 2c
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May 11, 2015 4:36 PM EDT
WARRENVILLE, Ill.--(BUSINESS WIRE)--
Fuel Tech, Inc. (NASDAQ: FTEK), a world leader in advanced engineering
solutions for the optimization of combustion systems and emissions
control in utility and industrial applications, today announced the
receipt of multiple air pollution control (APC) contracts from customers
in Europe and China. These awards have an aggregate value of
approximately $8.3 million.
In the UK, a commercial contract for Fuel Techs Advanced NOxOUT®
Selective Non-Catalytic Reduction (ASNCR) technology was received for
multiple large coal-fired units burning both coal and biomass. Fuel Tech
received this contract following the... More
May 11, 2015 4:35 PM EDT
Q1 2015 Overview
Revenues of $15.1 million compared to $18.7 million in Q1 2014
Gross profit of $6.7 million, or 44.4% of revenue, compared to $7.9
million, or 42.3% of revenue, in Q1 2014
Net loss was $1.7 million, or $0.07 per diluted share, compared to net
loss of $1.1 million, or $0.05 per diluted share, in Q1 2014
At March 31, 2015 total cash and equivalents of $18.3 million, or
$0.80 per diluted share
No long-term debt
WARRENVILLE, Ill.--(BUSINESS WIRE)--
Fuel Tech, Inc. (NASDAQ:... More
