FUEL TECH, INC.

FTEK · XNAS

CIK 846913fmd_0NMKD4VRKKCX44FF16YH9B9PDXManufacturing · Industrial & Commercial Fans & Blowers & Air Purifing EquipTemplate: Standard

Coverage: Jan 01, 2009 to Sep 30, 2026, 67 periods

Income Statement · Annual · Millions · USD
Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	55	45	57	30	23	24	27	27	25	27
Cost of revenue	36	27	36	20	12	12	15	15	15	14
Gross profit	19	18	20	11	11	12	12	12	11	12
Research and development	2	1	1	1	1	1	1	2	2	2
Selling, general and administrative	26	21	19	17	14	12	12	13	14	14
Total operating expenses	–	–	–	–	–	–	–	–	–	–
Operating income	(12)	(7)	0	(8)	(4)	(1)	(2)	(3)	(5)	(4)
Interest expense	0	0	–	–	0	0	0	0	0	–
Interest and investment income	0	0	0	0	–	0	0	1	1	1
Other non-operating income (expense)	(1)	(0)	0	(0)	0	2	(0)	(0)	2	(0)
Income before taxes	(13)	(7)	0	(8)	(4)	0	(1)	(1)	(2)	(2)
Income tax expense	2	(1)	0	0	0	0	0	0	0	0
Net income from continuing operations	(15)	(7)	0	(8)	(4)	0	(1)	(2)	(2)	(2)
Net income	(17)	(10)	(0)	(8)	(4)	0	(1)	(2)	(2)	(2)