Profitability and Strong Financial Position
Fuel Tech operated profitably in Q3 2025, with enhanced gross margins and a strong financial position, boasting nearly $34 million in cash, cash equivalents, and investments, with no long-term debt.
FUEL CHEM Segment Growth
The FUEL CHEM segment experienced solid growth, with revenue expected to rise to $16.5 million to $17 million in 2025, up from prior guidance of $15 million to $16 million, marking the highest level since 2022.
New APC Awards and Backlog Growth
Fuel Tech announced $3.2 million of new APC awards, increasing the consolidated APC segment backlog to $9.5 million by the end of Q3 2025.
Strategic Acquisition of Wahlco, Inc. Assets
Fuel Tech acquired complementary intellectual property and customer-related assets from Wahlco, Inc. for $350,000, enhancing its APC portfolio.
Positive Net Income and Improved Margins
Net income for Q3 2025 was $303,000 or $0.01 per share, with consolidated gross margin rising to 49% from 43% in the prior year's third quarter.