Fuel Tech, Inc. (FTEK)

Fuel Tech Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	27.08	26.94	24.26	22.55	30.47
Revenue Growth (YoY)	0.52%	11.05%	7.59%	-25.99%	-46.11%
Cost of Revenue	15.43	15.3	12.36	11.91	19.64
Gross Profit	11.66	11.64	11.9	10.64	10.83
Selling, General & Admin	12.8	12.28	12.06	13.6	17.19
Research & Development	1.51	0.9	1.33	1.18	1.13
Other Operating Expenses	0	0	0	0.2	0.75
Operating Expenses	14.31	13.17	13.39	14.97	19.07
Operating Income	-2.66	-1.53	-1.49	-4.34	-8.24
Interest Expense / Income	0.02	0.02	0.02	0	-0.04
Other Expense / Income	-1.21	-0.16	-1.58	-0.12	-0.36
Pretax Income	-1.47	-1.39	0.07	-4.22	-7.84
Income Tax	0.07	0.05	0.01	0.06	0.01
Net Income	-1.54	-1.44	0.05	-4.28	-7.85
Shares Outstanding (Basic)	30	30	30	25	24
Shares Outstanding (Diluted)	30	30	30	25	24
Shares Change	0.19%	2.00%	20.26%	2.02%	0.16%
EPS (Basic)	-0.05	-0.05	-	-0.17	-0.32
EPS (Diluted)	-0.05	-0.05	-	-0.17	-0.32
Free Cash Flow	0.28	-4.35	0.68	-2.95	-3.94
Free Cash Flow Per Share	0.01	-0.14	0.02	-0.12	-0.16
Gross Margin	43.04%	43.22%	49.04%	47.18%	35.55%
Operating Margin	-9.81%	-5.67%	-6.14%	-19.23%	-27.05%
Profit Margin	-5.68%	-5.35%	0.22%	-18.97%	-25.77%
Free Cash Flow Margin	1.03%	-16.13%	2.79%	-13.10%	-12.92%
Effective Tax Rate	-	-	20.59%	-	-
EBITDA	-1.11	-0.93	0.83	-3.37	-6.88
EBITDA Margin	-4.08%	-3.46%	3.41%	-14.94%	-22.59%
Depreciation & Amortization	0.34	0.44	0.74	0.85	1
EBIT	-1.45	-1.37	0.09	-4.22	-7.88
EBIT Margin	-5.35%	-5.09%	0.36%	-18.70%	-25.86%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).