The earnings call presented a mixed picture with a strong financial position and promising opportunities in the data center sector. However, revenue declines in the APC segment, an overall decrease in consolidated revenues, increased operating loss, and reduced revenue guidance for 2025 indicate challenges. While there are significant growth opportunities, particularly related to data centers, the current financial performance and challenges prevent a wholly positive outlook.

Company Guidance -

Q3 2025

During the Fuel Tech Inc. 2025 Second Quarter Financial Results Conference Call, the company provided an updated fiscal guidance, reflecting its strategic growth expectations. For the year, Fuel Tech anticipates FUEL CHEM revenues to reach between $15 million and $16 million, potentially higher with the addition of new accounts. Despite a decline in consolidated revenues to $5.6 million from $7 million compared to the prior year, the gross margin improved to 46% from 42%. The APC business is on track to announce new contracts worth $2.5 million to $3 million by the end of August, with an additional $3 million to $5 million in awards expected later this year. The company's dissolved gas infusion technology is undergoing a key demonstration, and Fuel Tech is pursuing commercial revenues in 2025. The company has adjusted its annual revenue guidance to a range of $28 million to $29 million, down from $30 million, citing uncertainties in APC contract executions. However, the outlook remains positive with a strong financial position, a cash reserve nearing $31 million, and no long-term debt. The company is particularly optimistic about opportunities in the AI-related data center sector, contributing to a robust $100 million pipeline in APC bids.

Strong Financial Position

Fuel Tech maintained a strong financial position with cash, cash equivalents, and investments totaling nearly $31 million at the end of the quarter and no long-term debt.

FUEL CHEM Revenue Projections

FUEL CHEM recorded more than $2 million in revenue for July and is on track to meet its annual revenue objective of $15 million to $16 million for 2025.

Gross Margin Improvement

Consolidated gross margin for the second quarter rose to 46% from 42% in the previous year's second quarter due to segment contribution mix.

Data Center Opportunities

Fuel Tech has multiple bids outstanding for SCR technology integration with power generation sources to address emissions control requirements for data centers, with a pipeline exceeding $100 million.

Fuel Tech (FTEK) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

FTEK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	0.01 / -	0	―	―	―
Aug 05, 2025	2025 (Q2)	-0.03 / -0.02	-0.01	-100.00% (-0.01)	―
May 12, 2025	2025 (Q1)	-0.02 / -0.02	0.01	-300.00% (-0.03)	―
Mar 04, 2025	2024 (Q4)	-0.03 / -0.06	-0.02	-200.00% (-0.04)	―
Nov 06, 2024	2024 (Q3)	0.01 / 0.00	0.01	―	―
Aug 06, 2024	2024 (Q2)	-0.02 / -0.01	-0.03	66.67% (+0.02)	―
May 07, 2024	2024 (Q1)	-0.01 / 0.01	-0.01	200.00% (+0.02)	―
Mar 11, 2024	2023 (Q4)	-0.03 / -0.02	-0.01	-100.00% (-0.01)	―
Nov 07, 2023	2023 (Q3)	0.00 / 0.01	0.01	0.00% (0.00)	―
Aug 08, 2023	2023 (Q2)	-0.02 / -0.03	-0.01	-200.00% (-0.02)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

FTEK Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$2.96	$2.94	-0.68%
May 12, 2025	$0.96	$1.07	+11.46%
Mar 04, 2025	$0.97	$1.02	+5.15%
Nov 06, 2024	$1.03	$1.02	-0.97%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Fuel Tech (FTEK) report earnings?

Fuel Tech (FTEK) is schdueled to report earning on Nov 11, 2025, After Close (Confirmed).

What is Fuel Tech (FTEK) earnings time?

Fuel Tech (FTEK) earnings time is at Nov 11, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is FTEK EPS forecast?

FTEK EPS forecast for the fiscal quarter 2025 (Q3) is 0.01.

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