Fuel Tech Reports Impressive First Quarter Financial Performance for 2025
May 12, 2025 - 22:53
In its first quarter of 2025, Fuel Tech showcased notable financial growth, highlighting a robust increase in revenue and an improvement in gross margins. The company's revenue surged by 29%, reaching $6.4 million, reflecting the strong demand for its advanced emissions control systems and water treatment technologies.
The gross margin expanded significantly to 46.4%, indicating enhanced operational efficiency and cost management. Additionally, the operating loss was reduced to $1.0 million, demonstrating the company's commitment to improving profitability. Fuel Tech also reported a substantial increase in its backlog, which rose by 66% to $10.3 million, suggesting a promising outlook for future projects and contracts.
On the financial stability front, the company maintained a solid position with cash, cash equivalents, and investments totaling $31.2 million, while having no long-term debt. This strong financial standing positions Fuel Tech favorably as it continues to innovate and expand its market presence in emissions control and water treatment solutions.
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