FUEL TECH, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $26.7M | $25.1M | $27.1M | $26.9M | $24.3M | $22.6M | $30.5M | $56.5M |
| Cost of Revenue | $14.3M | $14.5M | $15.4M | $15.3M | $12.4M | $11.9M | $19.6M | $36.5M |
| Gross Profit | $12.4M | $10.6M | $11.7M | $11.6M | $11.9M | $10.6M | $10.8M | $20.1M |
| Gross Margin | 46.4% | 42.3% | 43.0% | 43.2% | 49.0% | 47.2% | 35.5% | 35.5% |
| Operating Expenses | ||||||||
| Research & Development | $2.0M | $1.6M | $1.5M | $895.0K | $1.3M | $1.2M | $1.1M | $1.1M |
| SG&A Expense | $14.1M | $13.8M | $12.8M | $12.3M | $12.1M | $13.6M | $17.2M | $18.6M |
| Operating Income | $-3.7M | $-4.7M | $-2.7M | $-1.5M | $-1.5M | $-4.3M | $-8.2M | $110.0K |
| Operating Margin | -13.8% | -18.7% | -9.8% | -5.7% | -6.1% | -19.2% | -27.0% | 0.2% |
| Interest Expense | — | $0 | $21.0K | $17.0K | $19.0K | $4.0K | — | — |
| Pretax Income | $-2.3M | $-1.9M | $-1.5M | $-1.4M | $68.0K | $-4.2M | $-7.8M | $118.0K |
| Income Tax Expense | $15.0K | $77.0K | $69.0K | $54.0K | $14.0K | $57.0K | $14.0K | $33.0K |
| Net Income | $-2.3M | $-1.9M | $-1.5M | $-1.4M | $54.0K | $-4.3M | $-7.9M | $-28.0K |
| Net Margin | -8.7% | -7.7% | -5.7% | -5.4% | 0.2% | -19.0% | -25.8% | 0.0% |
| EPS (Basic) | $-0.08 | $-0.06 | $-0.05 | $-0.05 | $0.00 | $-0.17 | $-0.32 | $0.00 |
| EPS (Diluted) | $-0.08 | $-0.06 | $-0.05 | $-0.05 | $0.00 | $-0.17 | $-0.32 | $0.00 |
| Shares Outstanding (Basic) | 30.9M | 30.6M | 30.3M | 30.3M | 29.6M | 24.7M | 24.2M | 24.2M |
| Shares Outstanding (Diluted) | 30.9M | 30.6M | 30.3M | 30.3M | 29.7M | 24.7M | 24.2M | 24.2M |
| Dividends Per Share | — | — | — | — | — | — | — | — |