Fuel Tech (FTEK) Misses Q1 EPS by 1c

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Go back to Fuel Tech (FTEK) Misses Q1 EPS by 1c

Fuel Tech Reports 2022 First Quarter Financial Results

May 10, 2022 4:20 PM EDT

WARRENVILLE, Ill.--(BUSINESS WIRE)-- Fuel Tech, Inc. (NASDAQ: FTEK), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications, today reported financial results for the first quarter ended March 31, 2022.

Revenues increased by 10% during the first quarter of 2022, our second consecutive quarter of quarter-over-quarter revenue growth, said Vincent J. Arnone, President and CEO. Selling, general and administrative expenses declined slightly, our operating loss narrowed, and we ended the first quarter with $35.2 million in total cash and no debt. Our consolidated... More