Fuel Tech Inc ( (FTEK) ) has released its Q1 earnings. Here is a breakdown of the information Fuel Tech Inc presented to its investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Fuel Tech Inc., a technology company specializing in emissions control and water treatment solutions for utility and industrial applications, has reported its financial results for the first quarter of 2025. The company is known for its advanced engineering processes and proprietary technologies, which are designed to enhance environmental sustainability and operational efficiency.
In the first quarter of 2025, Fuel Tech Inc. achieved a notable increase in revenue, which rose by 29% to $6.4 million. The company also reported an improved gross margin of 46.4% and a narrowed operating loss of $1.0 million. Additionally, the backlog of orders increased significantly by 66% to $10.3 million, reflecting strong demand for its products and services.
Key financial highlights for the quarter include a substantial 92% rise in FUEL CHEM® segment revenue, driven by the return to full operation of base accounts and new commercial accounts. However, the Air Pollution Control (APC) segment experienced a 44% decline in revenue, attributed to the timing of project execution. Despite this, the company remains optimistic about future opportunities in this segment, supported by ongoing business development activities and new contract awards.
Looking ahead, Fuel Tech Inc. anticipates continued strong performance from its FUEL CHEM segment throughout 2025, with plans to expand its market presence both domestically and internationally. The company is also preparing to demonstrate its TIFI® technology at a coal-fired unit in the Midwest and expects to commence a demonstration of its DGI® technology at a fish hatchery in the Western U.S. later in the year. With a robust balance sheet and no long-term debt, Fuel Tech Inc. is well-positioned to capitalize on growth opportunities in the emissions control and water treatment sectors.