Fuel Tech Inc. (FTEK) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
27601 BELLA VISTA PARKWAY WARRENVILLE, IL 60555 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3564 - Industrial and Commercial Fans and Blowers and Air Purification Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 29,714 | 26,309 | 35,893 | 10,640 | 10,914 | 12,039 | |||
| Cash and cash equivalents | 17,578 | 23,328 | 35,893 | 10,640 | 10,914 | 12,039 | |||
| Short-term investments | 12,136 | 2,981 | |||||||
| Restricted cash and investments | 891 | 1,595 | 2,080 | ||||||
| Receivables | 6,729 | 7,729 | 3,259 | 6,548 | 6,473 | 18,517 | |||
| Inventory, net of allowances, customer advances and progress billings | 439 | 392 | 348 | 97 | 264 | 957 | |||
| Inventory | 439 | 392 | 348 | 97 | 264 | 957 | |||
| Other undisclosed current assets | 1,439 | 1,395 | 1,074 | 2,193 | 1,879 | 9,204 | |||
| Total current assets: | 38,321 | 35,825 | 41,465 | 21,073 | 21,610 | 40,717 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 609 | 197 | 242 | 394 | 980 | ✕ | |||
| Property, plant and equipment | 4,539 | 4,435 | 4,609 | 5,220 | 5,662 | 5,976 | |||
| Long-term investments and receivables | 3,664 | 6,360 | |||||||
| Long-term investments | 3,664 | 6,360 | |||||||
| Intangible assets, net (including goodwill) | 2,474 | 2,513 | 2,564 | 2,669 | 3,022 | 1,164 | |||
| Goodwill | 2,116 | 2,116 | 2,116 | 2,116 | 2,116 | ||||
| Intangible assets, net (excluding goodwill) | 358 | 397 | 448 | 553 | 906 | 1,164 | |||
| Restricted cash and investments | 270 | 371 | 507 | ||||||
| Disposal group, including discontinued operation, noncurrent assets | 485 | ||||||||
| Other noncurrent assets | 781 | 794 | 824 | 361 | 443 | 1,261 | |||
| Other undisclosed noncurrent assets | 2,116 | ||||||||
| Total noncurrent assets: | 12,067 | 14,299 | 8,509 | 9,015 | 10,614 | 11,002 | |||
| TOTAL ASSETS: | 50,388 | 50,124 | 49,974 | 30,088 | 32,224 | 51,719 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 5,607 | 4,641 | 3,110 | 5,382 | 4,612 | 17,161 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 688 | 930 | 519 | 1,563 | ||
| Accounts payable | 2,421 | 2,710 | 1,561 | 2,353 | 2,117 | 9,499 | |||
| Accrued liabilities | 3,186 | 1,931 | 861 | 2,099 | 1,976 | 6,099 | |||
| Debt | 300 | ||||||||
| Other undisclosed current liabilities | 81 | 125 | 113 | 149 | |||||
| Total current liabilities: | 5,688 | 4,766 | 3,223 | 5,531 | 4,912 | 17,161 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 122 | 1,793 | 680 | ||||||
| Long-term debt, excluding current maturities | 1,556 | ||||||||
| Liabilities, other than long-term debt | 986 | 517 | 429 | 443 | 286 | 506 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 171 | ||
| Deferred income tax liabilities | 172 | 177 | 139 | 134 | ✕ | ||||
| Other liabilities | 281 | 274 | 290 | 309 | 286 | 335 | |||
| Operating lease, liability | 533 | 66 | 122 | 237 | 680 | ✕ | |||
| Other undisclosed noncurrent liabilities | 171 | ||||||||
| Total noncurrent liabilities: | 986 | 517 | 551 | 2,236 | 1,137 | 506 | |||
| Total liabilities: | 6,674 | 5,283 | 3,774 | 7,767 | 6,049 | 17,667 | |||
| Commitments and contingencies | 262 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 43,714 | 44,841 | 46,200 | 22,321 | 26,175 | 34,052 | |||
| Common stock | 313 | 313 | 312 | 254 | 248 | ||||
| Treasury stock, value | (2,251) | (2,251) | (2,234) | (2,182) | (1,612) | (1,484) | |||
| Additional paid in capital | 164,853 | 164,422 | 164,199 | 140,138 | 139,560 | 138,992 | |||
| Accumulated other comprehensive loss | (1,748) | (1,728) | (1,604) | (1,370) | (1,778) | (1,285) | |||
| Accumulated deficit | (117,529) | (115,991) | (114,549) | (114,603) | (110,325) | (102,495) | |||
| Other undisclosed equity, attributable to parent | 76 | 76 | 76 | 338 | 76 | 76 | |||
| Other undisclosed equity | (262) | ||||||||
| Total equity: | 43,714 | 44,841 | 46,200 | 22,059 | 26,175 | 34,052 | |||
| TOTAL LIABILITIES AND EQUITY: | 50,388 | 50,124 | 49,974 | 30,088 | 32,224 | 51,719 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 27,081 | 26,941 | 24,261 | 22,550 | 30,467 | 56,535 | ||
| Cost of revenue | (15,425) | (15,298) | (12,363) | (11,912) | (19,637) | (36,471) | ||
| Gross profit: | 11,656 | 11,643 | 11,898 | 10,638 | 10,830 | 20,064 | ||
| Operating expenses | (14,314) | (13,170) | (13,387) | (14,974) | (18,318) | (19,954) | ||
| Other undisclosed operating loss | (752) | |||||||
| Operating income (loss): | (2,658) | (1,527) | (1,489) | (4,336) | (8,240) | 110 | ||
| Nonoperating income | 1,210 | 156 | 1,570 | 119 | 403 | 8 | ||
| Investment income, nonoperating | 1,300 | 202 | 41 | 6 | ||||
| Gain, foreign currency transaction, before tax | 370 | |||||||
| Other nonoperating income (expense) | (90) | (46) | 1,570 | 119 | (8) | 2 | ||
| Interest and debt expense | (21) | (17) | (13) | (4) | ||||
| Income (loss) from continuing operations before income taxes: | (1,469) | (1,388) | 68 | (4,221) | (7,837) | 118 | ||
| Income tax expense | (69) | (54) | (14) | (57) | (14) | (33) | ||
| Other undisclosed loss from continuing operations | ||||||||
| Income (loss) from continuing operations: | (1,538) | (1,442) | 54 | (4,278) | (7,851) | 85 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 54 | (4,278) | (7,851) | 85 | |
| Net income (loss): | (1,538) | (1,442) | 54 | (4,278) | (7,851) | 85 | ||
| Other undisclosed net loss attributable to parent | (1) | (113) | ||||||
| Net income (loss) available to common stockholders, diluted: | (1,538) | (1,442) | 54 | (4,278) | (7,852) | (28) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (1,538) | (1,442) | 54 | (4,278) | (7,851) | 85 | ||
| Other comprehensive income (loss) | (20) | (124) | (234) | 408 | (493) | (517) | ||
| Other undisclosed comprehensive loss | ||||||||
| Comprehensive loss: | (1,558) | (1,566) | (180) | (3,870) | (8,344) | (432) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (1) | (113) | ||||||
| Comprehensive loss, net of tax, attributable to parent: | (1,558) | (1,566) | (180) | (3,870) | (8,345) | (545) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.