FTEK 8-K SEC Filing Analysis

Latest settled — T+20d

FTEK ▲ +4.35% at T+20d

SHORT call ✗ call lost -4.35% · α vs SPY -1.57% · entry $1.38 → $1.44

Next anchor: T+60d in 7w

Last close $1.35 (close Jun 8) · +2.17% from $1.38 entry (call sign-flipped)

Entry anchored
May 5, 03:58 PM ET
via Databento tick

T+1d

0.00%

call 0.00% · α -0.33%

$1.38

settled 5w ago

T+5d

+5.80%

call -5.80% · α -4.67%

$1.46

settled 29d ago

T+20d

+4.35%

call -4.35% · α -1.57%

$1.44

settled 7d ago

T+60d

—

call — · α —

—

in 7w

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Executive Summary

Fuel Tech reported Q1 2026 revenue of $6.1M (down 5% YoY) and a net loss of $(1.4M) or $(0.04) per share, versus a consensus estimate of $0.00. The wider loss and revenue decline, driven by lower FUEL CHEM segment sales and higher SG&A costs, signal deteriorating fundamentals.

Key Financial Metrics

Gross Margin

43.5%

Actionable Insight

The widening loss and revenue decline outweigh the positive APC backlog update. Watch for conversion of the $10M APC awards into revenue in coming quarters and any SG&A control measures. The stock's small cap ($51M) amplifies sensitivity to earnings misses.

Key Facts

Q1 2026 revenue $6.1M, down 5% YoY from $6.4M
Net loss widened to $1.4M ($0.04/sh) from $0.7M ($0.02/sh) in prior year
EPS of -$0.04 missed consensus estimate of $0.00
SG&A expenses rose to 61% of revenue from 52%
APC segment revenue up 23% but FUEL CHEM fell 12%
APC backlog $6.9M at quarter end, excluding $10M in recent awards
No debt, cash and investments of $30.6M

Financial Impact

Net loss doubled to $1.4M and EPS missed consensus by $0.04; revenue declined 5% YoY

revenueepsnet incomegross marginebitda

Risk Factors

Continued revenue decline in FUEL CHEM segment
SG&A expense growth outpacing revenue
Dependence on project timing for APC revenue recognition

Market Snapshot

Exchange

Nasdaq

Sector

Industrial & Commercial Fans & Blowers & Air Purifing Equip

Analyst Consensus

86% bullish (7 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001437749-26-014902
Document: ftek20260504_8k.htm	0001437749-26-014902
Document: 0001437749-26-014902-index-headers.html	0001437749-26-014902
Document: 0001437749-26-014902-index.html	0001437749-26-014902
Document: 0001437749-26-014902.txt	0001437749-26-014902
8-K Data (Synthetic)	0001437749-26-014902

3 reports for FTEK

T+1T+5T+20T+60

Filters

Reports for FTEK — sortable, filterable
	Type				Now
May 5, 2026 5w ago	8-K BEARISH ★ 7/10	$1.38 $1.44	▼ −4.35%	▼ −1.57%	$1.35 (+2.17%)
Apr 23, 2026 6w ago	Press Release NEUTRAL ★ 3/10	$1.35 $1.45	▲ +7.41%	▲ +3.38%	$1.35 (+0.00%)
Mar 3, 2026 14w ago	Press Release MIXED ★ 6/10	$1.24 $1.26	▲ +1.61%	▲ +6.03%	$1.35 (+8.87%)

US Market Status

Market Closed — Opens in 8h 36m

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