fuel tech is a leading technology company engaged in the worldwide development and application of multi-pollutant emissions control systems, enabling customers to produce energy in a cost-effective and environmentally sustainable manner. our technologies are applied to units where coal, natural gas, heavy oil, biomass, municipal waste, and other fuels are utilized. with more than 20 years of experience and over 1,000 apc system installations worldwide, we engineer custom-designed systems to meet our customers’ specific requirements.
Company profile
Ticker
FTEK
Exchange
Website
CEO
Vincent J. Arnone
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
FUEL TECH N V
SEC CIK
Corporate docs
IRS number
205657551
FTEK stock data
Latest filings (excl ownership)
8-K
Regulation FD Disclosure
12 Sep 23
10-Q
2023 Q2
Quarterly report
8 Aug 23
8-K
Fuel Tech Reports 2023 Second Quarter Financial Results
8 Aug 23
8-K
Submission of Matters to a Vote of Security Holders
12 Jun 23
8-K
Executive Performance Rsu Agreement
10 May 23
10-Q
2023 Q1
Quarterly report
9 May 23
8-K
Fuel Tech Reports 2023 First Quarter Financial Results
9 May 23
DEFA14A
Additional proxy soliciting materials
19 Apr 23
DEF 14A
Definitive proxy
17 Apr 23
10-K
2022 FY
Annual report
7 Mar 23
Transcripts
FTEK
Earnings call transcript
2023 Q2
9 Aug 23
FTEK
Earnings call transcript
2023 Q1
10 May 23
FTEK
Earnings call transcript
2022 Q4
8 Mar 23
FTEK
Earnings call transcript
2022 Q3
9 Nov 22
FTEK
Earnings call transcript
2022 Q2
11 Aug 22
FTEK
Earnings call transcript
2022 Q1
11 May 22
FTEK
Earnings call transcript
2021 Q4
9 Mar 22
FTEK
Earnings call transcript
2021 Q3
10 Nov 21
FTEK
Earnings call transcript
2021 Q2
11 Aug 21
FTEK
Earnings call transcript
2021 Q1
13 May 21
Latest ownership filings
Financial summary
| Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
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| 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) | 15.13 mm | 15.13 mm | 15.13 mm | 15.13 mm | 15.13 mm | 15.13 mm |
| Cash burn (monthly) | 188.00 k | 1.51 mm | 444.00 k | 169.42 k | 331.00 k | 66.75 k |
| Cash used (since last report) | 584.60 k | 4.71 mm | 1.38 mm | 526.81 k | 1.03 mm | 207.56 k |
| Cash remaining | 14.55 mm | 10.43 mm | 13.75 mm | 14.61 mm | 14.10 mm | 14.93 mm |
| Runway (months of cash) | 77.4 | 6.9 | 31.0 | 86.2 | 42.6 | 223.6 |
Institutional ownership, Q2 2023
20.1% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 39 |
| Opened positions | 8 |
| Closed positions | 5 |
| Increased positions | 5 |
| Reduced positions | 7 |
| 13F shares | Current |
|---|---|
| Total value | 6.99 bn |
| Total shares | 6.10 mm |
| Total puts | 300.00 |
| Total calls | 34.60 k |
| Total put/call ratio | 0.0 |
| Largest owners | Shares | Value |
|---|---|---|
| Grace & White | 1.71 mm | $2.27 bn |
| Renaissance Technologies | 809.49 k | $1.07 mm |
| Vanguard | 776.62 k | $1.03 bn |
| Acuitas Investments | 600.63 k | $795.84 mm |
| BLK Blackrock | 489.15 k | $648.13 mm |
| Essex Investment Management | 405.65 k | $537.48 mm |
| Geode Capital Management | 403.46 k | $534.59 mm |
| USB U.S. Bancorp. | 304.78 k | $403.83 mm |
| Marquette Asset Management | 126.08 k | $167.06 mm |
| STT State Street | 96.85 k | $128.32 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 11 Aug 23 | Arnone Vincent J | Common Stock | Buy | Acquire P | No | No | 1.199 | 15,000 | 17.99 k | 344,755 |
| 7 Jun 23 | Dennis L Zeitler | RSU Common Stock | Grant | Acquire A | No | No | 0 | 15,000 | 0.00 | 15,000 |
| 7 Jun 23 | Sharon L Jones | RSU Common Stock | Grant | Acquire A | No | No | 0 | 15,000 | 0.00 | 15,000 |
| 7 Jun 23 | Douglas G Bailey | RSU Common Stock | Grant | Acquire A | No | No | 0 | 15,000 | 0.00 | 15,000 |
| 2 Jun 22 | Ellen T Albrecht | RSU Common Stock | Grant | Acquire A | No | No | 0 | 75,758 | 0.00 | 75,758 |
News
10 Industrials Stocks Moving In Tuesday's After-Market Session
26 Sep 23
12 Industrials Stocks Moving In Monday's Pre-Market Session
21 Aug 23
Innovid And 3 Other Stocks Under $2 Insiders Are Buying
15 Aug 23
HC Wainwright & Co. Reiterates Buy on Fuel Tech, Maintains $4 Price Target
10 Aug 23
Fuel Tech Q2 EPS $(0.03) Misses $(0.02) Estimate, Sales $5.56M Miss $6.29M Estimate
8 Aug 23
Press releases
Fuel Tech to Present at 25th Annual H.C. Wainwright Global Investment Conference
6 Sep 23
Fuel Tech Reports 2023 Second Quarter Financial Results
8 Aug 23
Fuel Tech Awarded Air Pollution Control Orders Totaling $2.2 Million
3 Aug 23
Fuel Tech Schedules 2023 Second Quarter Financial Results and Conference Call
27 Jul 23