Fuel Tech (FTEK) Reports Q2 Loss of $0.07/Share

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Go back to Fuel Tech (FTEK) Reports Q2 Loss of $0.07/Share

Fuel Tech Reports 2018 Second Quarter Financial Results

August 13, 2018 4:20 PM EDT

Reiterates 2018 Outlook of Increased Revenue and the Generation of Operating Profit and Positive Cash Flow

Q2 2018 Overview

Revenues rose 21.6% to $11.8 million from $9.7 million as compared to Q2 2017 SG&A declined 19.6% to $4.8 million from $5.9 million as compared to Q2 2017 Net loss from continuing operations of $1.7 million, or $0.07 per diluted share, compared to a net loss from continuing operations of $5.6 million, or $0.24 per diluted share At June 30, 2018: capital projects backlog of $14.4 million total cash and equivalents (including restricted cash) of $10.4... More