Fuel Tech

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 Growth (employees)
Type
Public
HQ
Warrenville, US
Founded
1987
Size (employees)
146 (est)-19%
Website
ftek.com
Fuel Tech was founded in 1987 and is headquartered in Warrenville, US

Fuel Tech Office Locations

Fuel Tech has offices in Warrenville, Stamford, Durham, Westlake and in 2 other locations
Warrenville, US (HQ)
27601 Bella Vista Pkwy
Beijing, CN
16 Tian Ze Lu
Gallarate, IT
34A Via Marsala
Westlake, US
27881 Clemens Rd
Durham, US
c 2300 Englert Dr
Stamford, US
120 Long Ridge Rd

Fuel Tech Data and Metrics

Fuel Tech Financial Metrics

Fuel Tech's revenue was reported to be $8.5 m in Q1, 2017
USD

Revenue (Q1, 2017)

8.5 m

Gross profit (Q1, 2017)

3.7 m

Gross profit margin (Q1, 2017), %

44%

Net income (Q1, 2017)

(2.5 m)

EBIT (Q1, 2017)

(2.5 m)

Market capitalization (15-Aug-2017)

20.7 m

Cash (31-Mar-2017)

10.2 m
Fuel Tech's current market capitalization is $20.7 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

109.3 m79 m73.7 m55.2 m

Revenue growth, %

(28%)(7%)(25%)

Cost of goods sold

62.5 m43.9 m45.1 m36.4 m

Gross profit

46.8 m35.1 m28.6 m18.8 m

Gross profit Margin, %

43%44%39%34%

Operating expense total

38.8 m60.3 m36.8 m70 m

EBIT

8 m(25.2 m)(8.3 m)(14.8 m)

EBIT margin, %

7%(32%)(11%)(27%)

Interest expense

56 k125 k27 k

Interest income

58 k29 k21 k25 k

Pre tax profit

7.9 m(25.8 m)(8.6 m)(15.7 m)

Income tax expense

2.8 m(8.1 m)3.8 m1.7 m

Net Income

5.1 m(17.7 m)(12.4 m)(17.4 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

20.2 m21.5 m15.1 m18.7 m21.7 m17.8 m15.2 m12.6 m8.5 m

Cost of goods sold

11.7 m11.6 m8.4 m11.5 m13.8 m11.8 m9.6 m7.3 m4.8 m

Gross profit

8.5 m9.9 m6.7 m7.1 m7.8 m6 m5.6 m5.3 m3.7 m

Gross profit Margin, %

42%46%44%38%36%34%37%42%44%

R&D expense

225 k379 k872 k982 k1.5 m1.2 m1.1 m1.3 m1 m

General and administrative expense

9 m8.1 m8.2 m8.4 m7.1 m7.5 m6.8 m5.8 m5.2 m

Operating expense total

9.2 m8.5 m9.1 m9.4 m8.6 m8.6 m7.9 m7.1 m6.2 m

EBIT

(671 k)1.4 m(2.4 m)(2.2 m)(795 k)(2.5 m)

EBIT margin, %

(3%)7%(16%)(12%)(4%)(30%)

Interest expense

(34 k)(33 k)(27 k)(3 k)

Interest income

6 k6 k7 k7 k3 k10 k6 k5 k3 k

Pre tax profit

(738 k)1.1 m(2.5 m)(2.3 m)(892 k)(2.5 m)

Income tax expense

18 k63 k871 k936 k603 k205 k(111 k)114 k

Net Income

(1.8 m)(614 k)(1.7 m)(1.4 m)(289 k)(2.5 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

27.7 m18.6 m21.7 m11.8 m

Accounts Receivable

37 m31.9 m23.1 m18.8 m

Inventories

443 k1.1 m1.7 m1 m

Current Assets

69.3 m58.3 m52.4 m40.6 m

PP&E

13 m13.5 m12 m10.9 m

Goodwill

21.1 m2.1 m2.1 m2.1 m

Total Assets

110.1 m91.5 m76 m57.8 m

Accounts Payable

9.9 m7.3 m8.9 m6.3 m

Current Liabilities

20.6 m18.7 m16.5 m14.1 m

Total Liabilities

14.4 m

Additional Paid-in Capital

132.8 m135 m135.4 m137.4 m

Retained Earnings

(44 m)(61.8 m)(74.1 m)(91.5 m)

Total Equity

59 m43.4 m

Financial Leverage

1.3 x1.3 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

16.9 m15.5 m18.3 m15 m14.4 m9.4 m12.4 m13.3 m10.2 m

Inventories

1.4 m1.1 m1.6 m1.4 m1.4 m1.4 m1.5 m992 k1.2 m

Current Assets

60.3 m58.3 m54.6 m54.3 m53.7 m46 m46.4 m43.4 m35.7 m

Goodwill

28.5 m26.1 m2.1 m2.1 m2.1 m2.1 m2.1 m2.1 m2.1 m

Total Assets

108.2 m109.9 m86.5 m84.3 m82.9 m72.8 m68.7 m64.8 m52.2 m

Accounts Payable

8.5 m9.1 m6.4 m9 m8.1 m8.6 m7.3 m5.8 m4.5 m

Current Liabilities

19.8 m18.9 m15.8 m15.4 m14.5 m15.2 m13.3 m12 m10.8 m

Additional Paid-in Capital

134.3 m134.8 m134.9 m134.4 m134.9 m135.8 m136.4 m136.9 m137.4 m

Retained Earnings

(45.8 m)(44.6 m)(63.4 m)(64.8 m)(65.1 m)(76.8 m)(79.4 m)(82.4 m)(94 m)

Total Equity

68.4 m68 m57.1 m54.9 m52.4 m41 m

Financial Leverage

1.2 x1.2 x1.3 x1.3 x1.2 x1.3 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

5.1 m(17.7 m)(12.4 m)

Depreciation and Amortization

2.2 m1.9 m2.1 m1.8 m

Accounts Receivable

(7 m)6.1 m7.9 m3.5 m

Inventories

77 k(616 k)(560 k)446 k

Accounts Payable

(3 m)(3.6 m)1.8 m(2.4 m)

Cash From Operating Activities

2.8 m5.4 m6.9 m(2.7 m)

Cash From Investing Activities

(1.8 m)(13.9 m)(776 k)(938 k)

Cash From Financing Activities

2 m(1.9 m)(6.2 m)

Interest Paid

56 k125 k27 k

Income Taxes Paid

2.9 m368 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(1.8 m)(614 k)(1.7 m)(1.4 m)(289 k)(2.5 m)

Depreciation and Amortization

944 k1.4 m

Accounts Receivable

2.6 m4.3 m

Inventories

(856 k)(617 k)1.6 m1.4 m1.4 m1.4 m1.5 m992 k

Accounts Payable

(2.5 m)(1.8 m)6.4 m9 m8.1 m8.6 m7.3 m5.8 m4.5 m

Cash From Operating Activities

(1.9 m)1.4 m

Cash From Investing Activities

(9.3 m)(13.2 m)

Cash From Financing Activities

770 k37 k
USDY, 2017

Revenue/Employee

51.8 k

Financial Leverage

1.3 x

Fuel Tech Market Value History

Traffic Overview of Fuel Tech

Fuel Tech News and Updates

M&A Fiesta? Trump’s Tax Plan Would Help Fuel Tech Acquisitions

This week, US economic officials launched the outline of a new tax reform, which among other things would slash the corporate tax rate, allow for partnerships and LLCs to be taxed at attractive rates (relevant to VCs), and allow US … Continued

The auto industry just took the first step to get Trump to revisit emission regulations (GM, F, FCAU)

There are plenty of people who aren't happy about the presidency of Donald Trump, but for the most part, they don't work in the auto industry. Carmakers see Trump as giving them exactly what they want — a rollback in stringent fuel-economy and emissions standards and a big …

Britain's used car sales hit record levels last quarter

Forget the very aesthetically appealing model debuts being wheeled out at the LA motor show, Brits are still feeling the love for used cars. According to the Society of Motor Manufacturers and Traders (SMMT), growth in the used car market continued in the third quarter of this year, with buyers s…

Scientists 'accidentally' discovered a way to convert CO2 directly into ethanol

A group of U.S. scientists has discovered a way to turn carbon dioxide, a planet-warming greenhouse gas, into a cleaner-burning motor fuel. The electrochemical process could be used in waste-to-fuel technologies that transform carbon emissions from coal and natural gas power plants into ethanol,…

Scientists just accidentally figured out how to turn CO2 into fuel in a breakthrough study

In a serendipitous accident, scientists in Tennessee claim they have converted carbon dioxide into ethanol. The researchers, who work at the Department of Energy's Oak Ridge National Laboratory, developed a process that adds "nano-spikes" (essentially tiny bursts) of carbon …

Fuel Tech Company Life and Culture

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