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Fuel Tech (FTEK)

Company Profile

Company profile

Ticker

FTEK

Exchange

Website

CEO

Mr. Vincent J. Arnone

Incorporated

Location

Fiscal year end

Sector

Manufacturing > Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables

Industry (SIC)

Industrial & Commercial Fans & Blowers & Air Purifying Equip

Donaldson • CECO Environmental • Perma-Pipe International • Molekule • Bare Metal Standard • Kronos Advanced • The Swiss Helvetia Fund Inc. ...

Former names

FUEL TECH N V

SEC CIK

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Material Contracts & Credit Agreements

Subsidiaries Lists

IRS number

205657551

FTEK stock data

1M 3M 6M 1Y

Latest filings (excl ownership)

View all

Departure of Directors or Certain Officers

Regulation FD Disclosure

Quarterly report

6 Nov 24

Fuel Tech Reports 2024 Third Quarter Financial Results

Regulation FD Disclosure

Amendments to Articles of Incorporation or Bylaws

Amendments to Articles of Incorporation or Bylaws

Submission of Matters to a Vote of Security Holders

Quarterly report

7 May 24

Fuel Tech Reports 2024 First Quarter Financial Results

Transcripts

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Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Latest ownership filings

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Ellen T Albrecht

VINCENT J ARNONE

DOUGLAS G BAILEY

DENNIS L ZEITLER

Financial summary

Financial statements Chart FTEK financial data

Quarter (USD)	Sep 24	Mar 24	Dec 23	Sep 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	12.27 mm	12.27 mm	12.27 mm	12.27 mm		12.27 mm
Cash burn (monthly)	(no burn)	238.33 k	59.67 k	184.42 k		33.00 k
Cash used (since last report)	n/a	665.41 k	166.59 k	514.88 k		92.13 k
Cash remaining	n/a	11.61 mm	12.11 mm	11.76 mm		12.18 mm
Runway (months of cash)	n/a	48.7	202.9	63.8		369.1

Beta Read what these cash burn values mean

Financial data from Fuel Tech earnings reports.

Institutional ownership, Q2 2024

FTEK institutional ownership history Ownership history

7.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	17	32	-46.9%
Opened positions	5	22	-77.3%
Closed positions	20	0	NEW
Increased positions	2	2	–
Reduced positions	1	2	-50.0%

13F shares	Current	Prev Q	Change
Total value	2.46 bn	6.59 bn	-62.7%
Total shares	2.30 mm	6.29 mm	-63.5%
Total puts	10.90 k	0.00	NEW
Total calls	200.00	0.00	NEW
Total put/call ratio	54.5	–	–

Largest owners	Shares	Value	Change
Grace & White	1.86 mm	$1.99 bn	0.0%
Marquette Asset Management	141.19 k	$151.07 mm	0.0%
STT State Street	95.45 k	$102.13 mm	0.0%
Citadel Advisors	88.53 k	$94.72 mm	NEW
Legato Capital Management	30.33 k	$32.45 mm	0.0%
Millennium Management	26.75 k	$28.63 mm	NEW
Cresset Asset Management	25.50 k	$27.29 mm	0.0%
Two Sigma Securities	14.04 k	$15.03 mm	NEW
LexAurum Advisors	11.60 k	$12.41 mm	+7.4%
New England Capital Financial Advisors	2.00 k	$2.14 mm	0.0%

Largest transactions	Shares	Bought/sold	Change
Renaissance Technologies	0.00	-830.11 k	EXIT
Vanguard	0.00	-794.74 k	EXIT
Acuitas Investments	0.00	-776.61 k	EXIT
BLK BlackRock	0.00	-466.47 k	EXIT
Geode Capital Management	0.00	-439.29 k	EXIT
Essex Investment Management	0.00	-401.16 k	EXIT
USB U.S. Bancorp	0.00	-304.78 k	EXIT
Citadel Advisors	88.53 k	+88.53 k	NEW
NTRS Northern Trust	0.00	-36.91 k	EXIT
Millennium Management	26.75 k	+26.75 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

FTEK insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
19 Nov 24	Sharon L Jones	Common Stock	Buy	Acquire P	No	No	1.08	8,014.4	8.66 k	96,599.565
18 Nov 24	Sharon L Jones	Common Stock	Buy	Acquire P	No	No	1.05	9,800	10.29 k	88,585.165
15 Nov 24	Sharon L Jones	Common Stock	Buy	Acquire P	No	No	1.05	4,200	4.41 k	78,785.165
14 Nov 24	Sharon L Jones	Common Stock	Buy	Acquire P	No	No	1.04	7,200	7.49 k	74,585.165
13 Nov 24	Sharon L Jones	Common Stock	Buy	Acquire P	No	No	1.05	9,100	9.56 k	67,385.165
12 Nov 24	Sharon L Jones	Common Stock	Buy	Acquire P	No	No	1.02	9,500	9.69 k	58,285.165
12 Sep 24	Ellen T Albrecht	Common Stock	Buy	Acquire P	No	No	1.01	5,000	5.05 k	91,684
12 Sep 24	Arnone Vincent J	Common Stock	Buy	Acquire P	No	No	1.02	20,000	20.40 k	460,513

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Fuel Tech Q3 Sales $7.851M Miss $8.473M Estimate

Fuel Tech (NASDAQ:FTEK) reported quarterly sales of $7.851 million which missed the analyst consensus estimate of $8.473 million by 7.34 percent. This is a 1.72 percent decrease over sales of $7.988 million the same

Fuel Tech Announces FUEL CHEM Commercial Contract For A New Domestic Utility Customer; The Annual Revenue Potential From This Contract Is Projected To Be ~$1.5M-$2.0M Based On The Customer Running The Program Full-Time, With The Revenue Expected To Generate Historic FUEL CHEM Gross Margins

Fuel Tech, Inc. (NASDAQ:FTEK), a technology company using advanced engineering processes to provide emissions control systems and water treatment technologies in utility and industrial applications, today announced the

Press releases

From Benzinga Pro

Fuel Tech Reports 2024 Third Quarter Financial Results

WARRENVILLE, Ill., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ:FTEK), a technology company providing advanced engineering for the optimization of combustion systems, emissions control, and water treatment

Fuel Tech Awarded Air Pollution Control Orders Totaling $2.0 Million

WARRENVILLE, Ill., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ:FTEK), a technology company using advanced engineering processes to provide emissions control systems and water treatment technologies in

Fuel Tech Announces Demonstration Agreement for DGI® Dissolved Gas Infusion Technology

WARRENVILLE, Ill., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ:FTEK), a technology company using advanced engineering processes to provide emissions control systems and water treatment technologies in

Fuel Tech Schedules 2024 Third Quarter Financial Results and Conference Call

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