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Fuel Tech (FTEK)
NASDAQ:FTEK
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Earnings Data
Report Date
Mar 17, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.03Last Year’s EPS
-$0.02Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 0.97%
|Next Earnings Date:Mar 17, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed performance for Fuel Tech in Q3 2024. While there are positive developments such as a return to profitability, strong financial position, and growth in the FUEL CHEM segment, the call also highlighted challenges, particularly in the APC segment with revenue declines and customer-driven delays. The overall sentiment is balanced between achievements and challenges.Company Guidance
In the third quarter of 2024, Fuel Tech reported a return to profitability, driven primarily by an 8% revenue increase in their FUEL CHEM segment, which benefited from returning customers and a new coal-fired unit, contributing approximately $1.5 million to $2 million in annualized revenues. The company secured $2 million in new ATC orders and anticipates an additional $2 million to $4 million by early 2025. Despite a slight decline in overall revenue to $7.9 million due to delays in the APC segment, the company maintained a strong financial position with over $31 million in cash, cash equivalents, and investments. Fuel Tech projects total revenues for 2024 to be between $25 million and $26 million. The Dissolved Gas Infusion (DGI) business initiative is progressing with a demonstration agreement for an aquaculture application and discussions for further demonstrations in diverse markets. Consolidated gross margin stood at 43%, while SG&A expenses saw a slight increase, and the company ended the quarter with no debt and $31.3 million in cash and investments.Return to Profitability
Fuel Tech returned to profitability in Q3 2024, driven by the strength in the Chemical Technologies business segment.
Strong Financial Position
Ended the quarter with over $31 million in cash, cash equivalents, and investments, and no debt.
New Orders and Opportunities
Announced $2 million in new ATC orders and expect to close $2 million to $4 million in additional orders by early 2025.
FUEL CHEM Revenue Growth
Revenues at FUEL CHEM rose by 8% from the same quarter of the prior year.
DGI Business Initiative Progress
Executed a demonstration agreement for an aquaculture application and in discussions for more demonstrations in other markets.
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FTEK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FTEK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $1.03 | $1.02 | -0.97% |
| Aug 06, 2024 | $0.97 | $0.98 | +1.03% |
| May 07, 2024 | $1.28 | $1.30 | +1.56% |
| Mar 11, 2024 | $1.17 | $1.10 | -5.98% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Fuel Tech (FTEK) report earnings?
Fuel Tech (FTEK) is schdueled to report earning on Mar 17, 2025, TBA Not Confirmed.
What is Fuel Tech (FTEK) earnings time?
Fuel Tech (FTEK) earnings time is at Mar 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FTEK EPS forecast?
FTEK EPS forecast for the fiscal quarter 2024 (Q4) is -$0.03.
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