Fuel Tech Q3 revenue rises 16% to $8.7 million, but net loss of $267,000
Fuel Tech reported third-quarter 2026 results with revenue up 16% to $8.7 million and Air Pollution Control backlog rising to $16.6 million. The company swung to a net loss of $267,000 from net income of $303,000 a year earlier, as gross margin fell to 45% from 49%. The higher backlog gives shareholders more visibility into future sales, but profitability weakened this quarter.
Key points
- Consolidated revenue rose 16% to $8.7 million from $7.5 million, led by a 38% increase at the Air Pollution Control segment.
- Net loss was $267,000, or $(0.01) per share, compared with net income of $303,000, or $0.01 per share, a year earlier.
- Consolidated gross margin declined to 45% from 49%, and SG&A included a non-recurring expense of about $175,000 related to the CEO transition.
- Air Pollution Control backlog was $16.6 million at September 30, 2026, up from $14.3 million at June 30, 2026.
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 03, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.