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
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20,07323,25429,71428,28527,98926,765
Cash and cash equivalents10,40411,38217,57813,48315,13415,698
Short-term investments9,66911,87212,13614,80212,85511,067
Receivables8,6517,1046,7297,6966,7816,755
Inventory, net of allowances, customer advances and progress billings462537439325528509
Inventory462537439325528509
Other undisclosed current assets1,1171,2951,4391,0411,2871,350
Total current assets:30,30332,19038,32137,34736,58535,379
Noncurrent Assets
Operating lease, right-of-use asset551582609462495166
Property, plant and equipment4,5714,5724,5394,3644,3684,370
Long-term investments and receivables10,3608,8793,6644,8834,8747,054
Long-term investments10,3608,8793,6644,8834,8747,054
Intangible assets, net (including goodwill)2,4532,4592,4742,4922,4982,517
Goodwill2,1162,1162,1162,1162,1162,116
Intangible assets, net (excluding goodwill)337343358376382401
Other noncurrent assets756764781771789796
Total noncurrent assets:18,69117,25612,06712,97213,02414,903
TOTAL ASSETS:48,99449,44650,38850,31949,60950,282
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,3884,4255,6075,3285,0195,066
Accounts payable2,9381,8522,4212,8723,0973,651
Accrued liabilities1,4502,5733,1862,4561,9221,415
Other undisclosed current liabilities9410581103107109
Total current liabilities:4,4824,5305,6885,4315,1265,175
Noncurrent Liabilities
Liabilities, other than long-term debt943960986800833505
Deferred income tax liabilities172172172177177177
Other liabilities276276281275280277
Operating lease, liability49551253334837651
Total noncurrent liabilities:943960986800833505
Total liabilities:5,4255,4906,6746,2315,9595,680
Equity
Equity, attributable to parent, including:43,56943,95643,71444,08843,65044,602
Common stock317313313313313313
Treasury stock, value(2,346)(2,251)(2,251)(2,251)(2,251)(2,251)
Additional paid in capital165,077164,957164,853164,752164,651164,511
Accumulated other comprehensive loss(1,886)(1,891)(1,748)(1,812)(1,690)(1,642)
Accumulated deficit(117,669)(117,248)(117,529)(116,990)(117,449)(116,405)
Other undisclosed equity, attributable to parent767676767676
Total equity:43,56943,95643,71444,08843,65044,602
TOTAL LIABILITIES AND EQUITY:48,99449,44650,38850,31949,60950,282

Income Statement (P&L) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues7,0424,9576,3457,9885,4617,287
Cost of revenue(4,090)(2,928)(3,102)(4,376)(3,465)(4,482)
Gross profit:2,9522,0293,2433,6121,9962,805
Operating expenses(3,667)(3,721)(4,044)(3,479)(3,328)(3,463)
Operating income (loss):(715)(1,692)(801)133(1,332)(658)
Nonoperating income3001,984337331293249
Investment income, nonoperating334311332322307339
Other nonoperating income (expense)(34)1,67359(14)(90)
Interest and debt expense   (6)(5)(5)(5)
Income (loss) from continuing operations before income taxes:(415)292(470)459(1,044)(414)
Income tax expense(6)(11)    
Other undisclosed loss from continuing operations   (69)   
Net income (loss) available to common stockholders, diluted:(421)281(539)459(1,044)(414)

Comprehensive Income ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income (loss):(421)281(539)459(1,044)(414)
Other undisclosed comprehensive loss   (20)   
Comprehensive income (loss):(421)281(559)459(1,044)(414)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent5(143)84(122)(48)86
Comprehensive income (loss), net of tax, attributable to parent:(416)138(475)337(1,092)(328)

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.

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