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
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
27 Aug 24
10-Q
2024 Q2
Quarterly report
6 Aug 24
8-K
Fuel Tech Reports 2024 Second Quarter Financial Results
6 Aug 24
8-K/A
Amendments to Articles of Incorporation or Bylaws
28 Jun 24
8-K
Amendments to Articles of Incorporation or Bylaws
10 Jun 24
8-K
Submission of Matters to a Vote of Security Holders
10 Jun 24
10-Q
2024 Q1
Quarterly report
7 May 24
8-K
Fuel Tech Reports 2024 First Quarter Financial Results
7 May 24
DEF 14A
Definitive proxy
15 Apr 24
PRE 14A
Preliminary proxy
4 Apr 24
Transcripts
FTEK
Earnings call transcript
2024 Q2
7 Aug 24
FTEK
Earnings call transcript
2024 Q1
8 May 24
FTEK
Earnings call transcript
2023 Q4
12 Mar 24
FTEK
Earnings call transcript
2023 Q3
8 Nov 23
FTEK
Earnings call transcript
2023 Q2
9 Aug 23
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
Latest ownership filings
Financial summary
Quarter (USD) | Jun 24 | Mar 24 | Dec 23 | Sep 23 | |
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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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) | 10.40 mm | 10.40 mm | 10.40 mm | 10.40 mm | 10.40 mm | 10.40 mm |
Cash burn (monthly) | 326.00 k | 394.17 k | 238.33 k | 229.08 k | 529.67 k | 165.42 k |
Cash used (since last report) | 1.22 mm | 1.48 mm | 894.95 k | 860.22 k | 1.99 mm | 621.15 k |
Cash remaining | 9.18 mm | 8.92 mm | 9.51 mm | 9.54 mm | 8.42 mm | 9.78 mm |
Runway (months of cash) | 28.2 | 22.6 | 39.9 | 41.7 | 15.9 | 59.1 |
Institutional ownership, Q2 2024
20.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 34 |
Opened positions | 25 |
Closed positions | 1 |
Increased positions | 1 |
Reduced positions | 2 |
13F shares | Current |
---|---|
Total value | 6.63 bn |
Total shares | 6.20 mm |
Total puts | 10.90 k |
Total calls | 200.00 |
Total put/call ratio | 54.5 |
Largest owners | Shares | Value |
---|---|---|
Grace & White | 1.86 mm | $1.99 bn |
Renaissance Technologies | 874.62 k | $935.84 mm |
Vanguard | 806.92 k | $863.41 mm |
Acuitas Investments | 780.75 k | $835.40 mm |
Geode Capital Management | 463.56 k | $496.08 mm |
BLK BlackRock | 462.38 k | $494.75 mm |
USB U.S. Bancorp | 304.78 k | $326.11 mm |
Marquette Asset Management | 141.19 k | $151.07 mm |
Essex Investment Management | 138.92 k | $148.64 mm |
STT State Street | 95.45 k | $102.13 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
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 |
28 Aug 24 | Sharon L Jones | Common Stock | Buy | Acquire P | No | No | 1.005 | 3,293 | 3.31 k | 48,785.165 |
12 Aug 24 | Sharon L Jones | Common Stock | Buy | Acquire P | No | No | 1.005 | 447.165 | 449.40 | 45,492.165 |
9 Aug 24 | Arnone Vincent J | Common Stock | Buy | Acquire P | No | No | 1.0448 | 20,000 | 20.90 k | 440,513 |
News
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
22 Oct 24
Fuel Tech Awarded Air Pollution Control Orders Totaling $5M From New And Existing Customers In Europe And The U.S.
6 Aug 24
Fuel Tech Q2 2024 GAAP EPS $(0.01) Beats $(0.02) Estimate, Sales $7.042M Beat $5.810M Estimate
6 Aug 24
Press releases
Fuel Tech to Showcase DGI® Dissolved Gas Infusion Technology at WEFTEC 2024
19 Sep 24
Fuel Tech to Present at 26th Annual H.C. Wainwright Global Investment Conference
29 Aug 24
Fuel Tech Reports 2024 Second Quarter Financial Results
6 Aug 24
Fuel Tech Awarded Air Pollution Control Orders Totaling $5.0 Million
6 Aug 24
Fuel Tech Schedules 2024 Second Quarter Financial Results and Conference Call
25 Jul 24