Fuel Tech (FTEK) Misses Q1 EPS by 2c

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Go back to Fuel Tech (FTEK) Misses Q1 EPS by 2c

Fuel Tech Awarded Air Pollution Control Orders Totaling $8.3 Million

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

Fuel Tech Reports 2015 First Quarter Financial Results

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