Fuel Tech, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 10, 2021 at 04:22 pm EDT
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Fuel Tech, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 5.218 million compared to USD 4.401 million a year ago. Operating loss was USD 689,000 compared to USD 2.424 million a year ago. Net loss was USD 778,000 compared to USD 2.544 million a year ago. Basic loss per share was USD 0.03 compared to USD 0.1 a year ago. For the half year, sales was USD 10.251 million compared to USD 8.179 million a year ago. Operating loss was USD 1.846 million compared to USD 5.107 million a year ago. Net loss was USD 380,000 compared to USD 5.111 million a year ago. Basic loss per share was USD 0.01 compared to USD 0.21 a year ago.
Fuel Tech, Inc. is a technology company, which is engaged in the development, commercialization and application of proprietary technologies for air pollution control, process optimization, water treatment and advanced engineering services. It has two segments: Air Pollution Control technology and FUEL CHEM technology. The Air Pollution Control technology segment includes technologies to reduce oxides of nitrogen (NOx) emissions in flue gas generated by the firing of natural gas or coal from boilers, incinerators, furnaces and other stationary combustion sources. These include NOxOUT and HERT Selective Non-Catalytic Reduction (SNCR) systems, and Selective Catalytic Reduction (SCR) systems. The FUEL CHEM technology segment uses chemical processes in combination with advanced computational fluid dynamics and chemical kinetics modeling boiler modeling for the control of slagging, fouling, corrosion, opacity and other sulfur trioxide-related issues in coal-fired furnaces and boilers.
FUEL TECH, INC. 
