FTEK: Fuel Tech Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Fuel Tech Inc (FTEK).
$32.24M Market Cap.
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 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%) |
