FTEK Financial Statements

Balance sheet, income statement, cash flow, and dividends for Fuel Tech Inc (FTEK).


$32.24M Market Cap.

As of 03/05/2025 5:00 PM ET (MRY) • Disclaimer

FTEK Market Cap. (MRY)


FTEK Shares Outstanding (MRY)


FTEK Assets (MRY)


Total Assets

$48.80M

Total Liabilities

$6.84M

Total Investments

$21.06M

FTEK Income (MRY)


Revenue

$25.13M

Net Income

-$1.94M

Operating Expense

$15.32M

FTEK Cash Flow (MRY)


CF Operations

-$3.43M

CF Investing

-$5.44M

CF Financing

-$95.00K

FTEK Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2024

$0

0%

0%

0%

-

2023

$0

0%

0%

0%

-

2022

$0

0%

0%

0%

-

2021

$0

0%

0%

-

-

2020

$0

0%

-

0%

-

FTEK Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$48,797,000 (-3.16%)

$50,388,000 (0.53%)

$50,124,000 (0.30%)

$49,974,000 (66.09%)

Assets Current

$29,619,000 (-22.71%)

$38,321,000 (6.97%)

$35,825,000 (-13.60%)

$41,465,000 (96.77%)

Assets Non-Current

$19,178,000 (58.93%)

$12,067,000 (-15.61%)

$14,299,000 (68.05%)

$8,509,000 (-5.61%)

Goodwill & Intangible Assets

$2,443,000 (-1.25%)

$2,474,000 (-1.55%)

$2,513,000 (-1.99%)

$2,564,000 (-3.93%)

Shareholders Equity

$41,955,000 (-4.02%)

$43,714,000 (-2.51%)

$44,841,000 (-2.94%)

$46,200,000 (106.98%)

Property Plant & Equipment Net

$5,669,000 (10.12%)

$5,148,000 (11.14%)

$4,632,000 (-4.51%)

$4,851,000 (-13.59%)

Cash & Equivalents

$8,510,000 (-51.59%)

$17,578,000 (-24.65%)

$23,328,000 (-37.04%)

$37,054,000 (193.94%)

Accumulated Other Comprehensive Income

-$1,915,000 (-9.55%)

-$1,748,000 (-1.16%)

-$1,728,000 (-7.73%)

-$1,604,000 (-17.08%)

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$21,059,000 (33.28%)

$15,800,000 (69.15%)

$9,341,000 (0%)

$0 (0%)

Investments Current

$10,184,000 (-16.08%)

$12,136,000 (307.11%)

$2,981,000 (0%)

$0 (0%)

Investments Non-Current

$10,875,000 (196.81%)

$3,664,000 (-42.39%)

$6,360,000 (0%)

$0 (0%)

Inventory

$397,000 (-9.57%)

$439,000 (11.99%)

$392,000 (12.64%)

$348,000 (258.76%)

Trade & Non-Trade Receivables

$9,368,000 (39.22%)

$6,729,000 (-12.94%)

$7,729,000 (137.16%)

$3,259,000 (-50.23%)

Trade & Non-Trade Payables

$2,915,000 (20.40%)

$2,421,000 (-10.66%)

$2,710,000 (73.61%)

$1,561,000 (-33.66%)

Accumulated Retained Earnings (Deficit)

-$119,472,000 (-1.65%)

-$117,529,000 (-1.33%)

-$115,991,000 (-1.26%)

-$114,549,000 (0.05%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$176,000 (2.33%)

$172,000 (-2.82%)

$177,000 (27.34%)

$139,000 (3.73%)

Total Debt

$625,000 (1.79%)

$614,000 (221.47%)

$191,000 (-18.72%)

$235,000 (-87.90%)

Debt Current

$77,000 (-4.94%)

$81,000 (-35.20%)

$125,000 (10.62%)

$113,000 (-24.16%)

Debt Non-Current

$548,000 (2.81%)

$533,000 (707.58%)

$66,000 (-45.90%)

$122,000 (-93.20%)

Total Liabilities

$6,842,000 (2.52%)

$6,674,000 (26.33%)

$5,283,000 (39.98%)

$3,774,000 (-51.41%)

Liabilities Current

$5,855,000 (2.94%)

$5,688,000 (19.35%)

$4,766,000 (47.87%)

$3,223,000 (-41.73%)

Liabilities Non-Current

$987,000 (0.10%)

$986,000 (90.72%)

$517,000 (-6.17%)

$551,000 (-75.36%)

FTEK Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$25,133,000 (-7.19%)

$27,081,000 (0.52%)

$26,941,000 (11.05%)

$24,261,000 (7.59%)

Cost of Revenue

$14,510,000 (-5.93%)

$15,425,000 (0.83%)

$15,298,000 (23.74%)

$12,363,000 (3.79%)

Selling General & Administrative Expense

$13,761,000 (7.48%)

$12,803,000 (4.30%)

$12,275,000 (1.82%)

$12,055,000 (-11.36%)

Research & Development Expense

$1,564,000 (3.51%)

$1,511,000 (68.83%)

$895,000 (-32.81%)

$1,332,000 (13.17%)

Operating Expenses

$15,325,000 (7.06%)

$14,314,000 (8.69%)

$13,170,000 (-1.62%)

$13,387,000 (-10.60%)

Interest Expense

$0 (0%)

$21,000 (23.53%)

$17,000 (-10.53%)

$19,000 (375.00%)

Income Tax Expense

$77,000 (11.59%)

$69,000 (27.78%)

$54,000 (285.71%)

$14,000 (-75.44%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

-$1,943,000 (-26.33%)

-$1,538,000 (-6.66%)

-$1,442,000 (-2770.37%)

$54,000 (101.26%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

-$1,943,000 (-26.33%)

-$1,538,000 (-6.66%)

-$1,442,000 (-2770.37%)

$54,000 (101.26%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

-$1,943,000 (-26.33%)

-$1,538,000 (-6.66%)

-$1,442,000 (-2770.37%)

$54,000 (101.26%)

Weighted Average Shares

$30,572,000 (0.74%)

$30,348,000 (0.19%)

$30,289,000 (2.38%)

$29,585,000 (19.82%)

Weighted Average Shares Diluted

$30,572,000 (0.74%)

$30,348,000 (0.19%)

$30,289,000 (2.00%)

$29,694,000 (20.26%)

Earning Before Interest & Taxes (EBIT)

-$1,866,000 (-28.87%)

-$1,448,000 (-5.62%)

-$1,371,000 (-1675.86%)

$87,000 (102.06%)

Gross Profit

$10,623,000 (-8.86%)

$11,656,000 (0.11%)

$11,643,000 (-2.14%)

$11,898,000 (11.84%)

Operating Income

-$4,702,000 (-76.90%)

-$2,658,000 (-74.07%)

-$1,527,000 (-2.55%)

-$1,489,000 (65.66%)

FTEK Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$5,443,000 (15.53%)

-$6,444,000 (32.05%)

-$9,483,000 (-11189.29%)

-$84,000 (65.99%)

Net Cash Flow from Financing

-$95,000 (-326.19%)

$42,000 (347.06%)

-$17,000 (-100.07%)

$23,977,000 (1770.28%)

Net Cash Flow from Operations

-$3,433,000 (-593.25%)

$696,000 (116.82%)

-$4,139,000 (-643.89%)

$761,000 (128.11%)

Net Cash Flow / Change in Cash & Cash Equivalents

-$9,068,000 (-57.70%)

-$5,750,000 (58.11%)

-$13,726,000 (-156.14%)

$24,448,000 (2831.62%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

-$5,065,000 (15.95%)

-$6,026,000 (35.04%)

-$9,277,000 (0%)

$0 (0%)

Capital Expenditure

-$378,000 (9.57%)

-$418,000 (-102.91%)

-$206,000 (-145.24%)

-$84,000 (65.99%)

Issuance (Repayment) of Debt Securities

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Issuance (Purchase) of Equity Shares

$0 (0%)

$42,000 (0%)

$0 (0%)

$24,029,000 (8017.91%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Effect of Exchange Rate Changes on Cash

-$97,000 (-120.45%)

-$44,000 (49.43%)

-$87,000 (57.77%)

-$206,000 (-126.51%)

Share Based Compensation

$446,000 (14.65%)

$389,000 (73.66%)

$224,000 (173.17%)

$82,000 (-71.72%)

Depreciation Amortization & Accretion

$460,000 (34.50%)

$342,000 (-22.27%)

$440,000 (-40.62%)

$741,000 (-12.62%)

FTEK Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

42.30% (-1.63%)

43.00% (-0.46%)

43.20% (-11.84%)

49.00% (3.81%)

Profit Margin

-7.70% (-35.09%)

-5.70% (-5.56%)

-5.40% (-2800.00%)

0.20% (101.05%)

EBITDA Margin

-5.60% (-36.59%)

-4.10% (-17.14%)

-3.50% (-202.94%)

3.40% (122.82%)

Return on Average Equity (ROAE)

-4.50% (-28.57%)

-3.50% (-9.38%)

-3.20% (-3300.00%)

0.10% (100.53%)

Return on Average Assets (ROAA)

-3.90% (-25.81%)

-3.10% (-6.90%)

-2.90% (-3000.00%)

0.10% (100.69%)

Return on Sales (ROS)

-7.40% (-39.62%)

-5.30% (-3.92%)

-5.10% (-1375.00%)

0.40% (102.14%)

Return on Invested Capital (ROIC)

-5.90% (-11.32%)

-5.30% (45.92%)

-9.80% (-990.91%)

1.10% (103.06%)

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

0% (0%)

Price to Earnings Ratio (P/E)

-17.5 (16.67%)

-21 (17.65%)

-25.5

-

Price to Sales Ratio (P/S)

1.28 (8.50%)

1.18 (-17.86%)

1.43 (-16.05%)

1.71 (-59.82%)

Price to Book Ratio (P/B)

0.77 (5.34%)

0.73 (-15.21%)

0.86 (-6.11%)

0.92 (-78.64%)

Debt to Equity Ratio (D/E)

0.16 (6.54%)

0.15 (29.66%)

0.12 (43.90%)

0.08 (-76.44%)

Earnings Per Share (EPS)

-0.06 (-20.00%)

-0.05 (0.00%)

-0.05 (0%)

0 (0%)

Sales Per Share (SPS)

0.82 (-7.85%)

0.89 (0.34%)

0.89 (8.41%)

0.82 (-10.19%)

Free Cash Flow Per Share (FCFPS)

-0.13 (-1488.89%)

0.01 (106.29%)

-0.14 (-721.74%)

0.02 (119.17%)

Book Value Per Share (BVPS)

1.37 (-4.72%)

1.44 (-2.70%)

1.48 (-5.25%)

1.56 (72.79%)

Tangible Assets Book Value Per Share (TABVPS)

1.52 (-3.99%)

1.58 (0.45%)

1.57 (-1.93%)

1.6 (44.41%)

Enterprise Value Over EBIT (EV/EBIT)

-11 (15.38%)

-13 (-18.18%)

-11 (-115.07%)

73 (465.00%)

Enterprise Value Over EBITDA (EV/EBITDA)

-14.6 (14.43%)

-17.06 (-7.60%)

-15.86 (-307.69%)

7.64 (129.91%)

Asset Turnover

0.51 (-5.74%)

0.54 (-0.55%)

0.54 (13.13%)

0.48 (-36.59%)

Current Ratio

5.06 (-24.91%)

6.74 (-10.38%)

7.52 (-41.57%)

12.87 (237.66%)

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Free Cash Flow (FCF)

-$3,811,000 (-1470.86%)

$278,000 (106.40%)

-$4,345,000 (-741.80%)

$677,000 (122.92%)

Enterprise Value (EV)

$20,530,687 (8.79%)

$18,872,562 (27.82%)

$14,764,779 (133.53%)

$6,322,307 (-92.65%)

Earnings Before Tax (EBT)

-$1,866,000 (-27.03%)

-$1,469,000 (-5.84%)

-$1,388,000 (-2141.18%)

$68,000 (101.61%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

-$1,406,000 (-27.12%)

-$1,106,000 (-18.80%)

-$931,000 (-212.44%)

$828,000 (124.58%)

Invested Capital

$32,614,000 (29.10%)

$25,262,000 (28.18%)

$19,708,000 (167.48%)

$7,368,000 (-34.35%)

Working Capital

$23,764,000 (-27.18%)

$32,633,000 (5.07%)

$31,059,000 (-18.78%)

$38,242,000 (146.06%)

Tangible Asset Value

$46,354,000 (-3.26%)

$47,914,000 (0.64%)

$47,611,000 (0.42%)

$47,410,000 (72.91%)

Market Capitalization

$32,243,687 (1.06%)

$31,904,562 (-17.41%)

$38,627,779 (-8.83%)

$42,369,307 (-55.79%)

Average Equity

$43,336,000 (-1.54%)

$44,013,500 (-1.86%)

$44,847,250 (-3.07%)

$46,266,250 (103.96%)

Average Assets

$49,338,500 (-1.62%)

$50,149,500 (1.03%)

$49,636,250 (-1.77%)

$50,529,250 (69.72%)

Invested Capital Average

$31,799,000 (16.68%)

$27,253,000 (94.13%)

$14,038,250 (74.98%)

$8,022,750 (-31.47%)

Shares

30,708,273 (1.06%)

30,385,297 (0.29%)

30,296,297 (0.11%)

30,263,791 (22.52%)