Fuel Tech, Inc. (FTEK) is a company focused on the production and marketing of advanced exclusive systems for controlling air pollution, and the latest engineering services. The company offers its clients some platforms to operate in a cost-efficient manner without harming the environment. The company is the leader in the lessening of nitrogen oxide from the environment. Its FUEL CHEM® technology enhances effectivity, and fuel flexibility, by controlling fouling, corrosion, and opacity.
The price of FTEK stock in the regular trading on March 8, 2022, with a gain of 15.4% was $1.42. Its price declined by 4.23% at the last check of the aftermarket session.
FTEK: Key Financials
On March 8, 2022, FTEK reported its financial consequences for Q4 2021 concluded December 31, 2021. Some important highlights are cited here.
Revenue
Net revenues in Q4 2021 were $6.5 million in comparison to $6.2 million during the comparable fourth quarter of 2020. It observed a gain of $0.3 million in its consolidated revenue YoY. The company’s revenue estimates were missed by $640 thousand.
EPS
Basic and diluted net loss per share for the fourth quarter of 2021 was $0.2 million, or $0.01 compared to $1.5 million, or $0.07 for the comparable quarter of 2020. The company reported a notable dip in its net loss YoY. Also, its EPS estimations were missed by -$0.01.
FTEK: Events and Happenings
On February 22, 2022, FTEK reported that it received multiple air pollution control agreements from its clientele in different countries. These contracts have a cumulative value of up to $5.3 million. On September 7, 2021, FTEK announced its Executive management’s presentation at the Virtual 23rd Annual H.C. Wainwright Global Investment Conference held on September 13-15, 2021.
Conclusion
FTEK stock, due to the pandemic regression in the past year, plummeted by 53%. After the press release regarding the financial statement, the company’s stock soared in Tuesday’s regular trades as it reported higher revenue and EPS from the previous year’s comparable quarter. To shed the gain as a consequence of this news, its stock dipped in the aftermarket trading.
