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Visual22 Oct 2025
Epiroc's cash spent on M&A
Fuel Tech (FTEK) investor relations material
Fuel Tech H.C. Wainwright 27th Annual Global Investment Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H.C. Wainwright 27th Annual Global Investment Conference summary9 Sep, 2025
Company overview and business segments
Focuses on air pollution control, chemical technologies for slag removal, and a developing dissolved gas infusion (DGI) business.
Over 1,300 systems installed globally, with operations in the U.S. and Europe.
DGI is pre-revenue but undergoing demonstrations in aquaculture and other water treatment markets.
Financial performance and outlook
Revenue for 2025 targeted at $28–$29 million, up from 2024 and 2023.
$31 million in cash, no debt, and an effective backlog exceeding $10 million, the highest in 3–4 years.
Gross margins stable at 46%; SG&A stable year over year.
Four consecutive years of cash flow break-even; aiming for operating income and positive cash flow.
Market drivers and growth opportunities
Largest sales pipeline in a decade, driven by new power generation and data center build-outs.
Data center growth expected to increase power demand by 50% by 2027 and 165% by 2030.
Extension of coal-fired unit life due to power demand supports chemical technology segment.
No new regulatory drivers expected; current administration pulling back on some regulations.
Data center contract award timeline?
DGI commercialization next steps?
How does Fuel Tech scale with 72 employees?
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Next Fuel Tech earnings date
Q3 20256 Nov, 2025
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Frequently asked questions
Fuel Tech Inc. is a technology company that provides engineering solutions for air pollution control, energy efficiency, and water treatment. The company's core offerings include advanced engineering services, chemical technologies, and equipment designed to reduce emissions from industrial combustion units, particularly in the power generation, industrial, and municipal sectors. Its products address issues such as nitrogen oxide (NOx) reduction, particulate control, and fuel treatment, aiming to enhance environmental compliance and operational efficiency for its clients. Fuel Tech also offers water treatment technologies for industrial and utility applications. The company is headquartered in Warrenville, Illinois, and its shares are listed on the NASDAQ.
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