Overview

* Fuel Tech Q2 2025 revenue falls to $5.6 mln, missing analyst expectations, per LSEG data

* Company reports net loss of $689,000

* Gross margin improves to 45.5% from 41.9%, driven by product mix

Outlook

* Fuel Tech anticipates robust FUEL CHEM segment results for Q3 2025

* Company expects full-year FUEL CHEM revenue to reach highest level since 2022

* Fuel Tech ( FTEK ) expects $2.5-$3.0 mln in new Air Pollution Control contracts by August

* Company plans TIFI technology demonstration in Q4 at Midwest coal-fired unit

Result Drivers

* APC REVENUE DECLINE - Revenue in the APC segment decreased due to timing of project execution on existing contracts

* GROSS MARGIN EXPANSION - Gross margin improved to 45.5% from 41.9%, attributed to favorable product and project mix

* FUEL CHEM STABILITY - FUEL CHEM segment revenue remained steady, with expectations for robust performance in Q3 2025

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $5.56 $6.09

Revenue mln mln (1

Analyst)

Q2 EPS -$0.02

Q2 Net -$689,00

Income 0

Q2 Basic -$0.02

EPS

Q2 -$1.31

Operatin mln

g Income

Q2 -$685,00

Pretax 0

Profit

Analyst Coverage

* The one available analyst rating on the shares is "buy"

* The average consensus recommendation for the environmental services & equipment peer group is "buy"

* Wall Street's median 12-month price target for Fuel Tech Inc ( FTEK ) is $4.00, about 30% above its August 4 closing price of $2.80

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)