Fuel Tech (FTEK) Revenue & Revenue Breakdown

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Fuel Tech Revenue Highlights

Latest Revenue (Y)

$27.08M

Latest Revenue (Q)

$7.85M

Main Segment (Y)

FUEL CHEM

Main Geography (Y)

UNITED STATES

Fuel Tech Revenue by Period

Fuel Tech Revenue by Year

Date	Revenue	Change
2023-12-31	-	0.52%
2022-12-31	-	11.05%
2021-12-31	-	7.59%
2020-12-31	-	-25.99%
2019-12-31	-	-46.11%
2018-12-31	-	25.17%
2017-12-31	-	-18.12%
2016-12-31	-	-25.12%
2015-12-31	-	-6.77%
2014-12-31	-	-27.73%
2013-12-31	-	11.98%
2012-12-31	-	4.24%
2011-12-31	-	14.52%
2010-12-31	-	14.56%
2009-12-31	-	-11.94%
2008-12-31	-	0.97%
2007-12-31	-	6.90%
2006-12-31	-	41.92%
2005-12-31	-	71.67%
2004-12-31	-	-13.72%
2003-12-31	-	9.53%
2002-12-31	-	84.63%
2001-12-31	-	-19.33%
2000-12-31	-	-34.22%
1999-12-31	-	28.57%
1998-12-31	-	25800.00%
1997-12-31	-	-50.00%
1996-12-31	-	-
1995-12-31	-	-
1994-12-31	-	100.00%
1993-12-31	-	-

Fuel Tech generated $27.08M in revenue during NA 2023, up 0.52% compared to the previous quarter, and up 47.90% compared to the same period a year ago.

Fuel Tech Revenue by Quarter

Date	Revenue	Change
2024-09-30	-	11.49%
2024-06-30	-	42.06%
2024-03-31	-	-21.88%
2023-12-31	-	-20.57%
2023-09-30	-	46.27%
2023-06-30	-	-25.06%
2023-03-31	-	3.79%
2022-12-31	-	-12.42%
2022-09-30	-	25.90%
2022-06-30	-	15.05%
2022-03-31	-	-14.20%
2021-12-31	-	-14.66%
2021-09-30	-	44.86%
2021-06-30	-	3.68%
2021-03-31	-	-19.03%
2020-12-31	-	-23.78%
2020-09-30	-	85.30%
2020-06-30	-	16.49%
2020-03-31	-	-23.09%
2019-12-31	-	-23.87%
2019-09-30	-	-27.89%
2019-06-30	-	-11.89%
2019-03-31	-	-35.84%
2018-12-31	-	-1.51%
2018-09-30	-	35.65%
2018-06-30	-	-7.38%
2018-03-31	-	-4.44%
2017-12-31	-	-1.20%
2017-09-30	-	39.08%
2017-06-30	-	14.72%
2017-03-31	-	-11.26%
2016-12-31	-	-24.04%
2016-09-30	-	-17.00%
2016-06-30	-	-14.85%
2016-03-31	-	-2.08%
2015-12-31	-	-16.04%
2015-09-30	-	16.03%
2015-06-30	-	23.70%
2015-03-31	-	-19.17%
2014-12-31	-	-13.02%
2014-09-30	-	6.40%
2014-06-30	-	8.19%
2014-03-31	-	-22.91%
2013-12-31	-	-27.86%
2013-09-30	-	15.34%
2013-06-30	-	29.39%
2013-03-31	-	-15.52%
2012-12-31	-	6.85%
2012-09-30	-	19.11%
2012-06-30	-	-17.06%
2012-03-31	-	-9.96%
2011-12-31	-	16.56%
2011-09-30	-	26.30%
2011-06-30	-	-15.92%
2011-03-31	-	-9.50%
2010-12-31	-	23.27%
2010-09-30	-	7.28%
2010-06-30	-	7.29%
2010-03-31	-	-5.71%
2009-12-31	-	13.40%
2009-09-30	-	-12.93%
2009-06-30	-	9.27%
2009-03-31	-	-4.39%
2008-12-31	-	-23.58%
2008-09-30	-	26.14%
2008-06-30	-	-8.19%
2008-03-31	-	-37.18%
2007-12-31	-	-

Fuel Tech generated $7.85M in revenue during Q3 2024, up 11.49% compared to the previous quarter, and up 143.76% compared to the same period a year ago.

Fuel Tech Revenue Breakdown

Fuel Tech Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
FUEL CHEM	-	-	-	-	-
Air Pollution Control	-	-	-	-	-
Other Segments	-	-	-	-	-
Fuel Chem Segment	-	-	-	-	-
Air Pollution Control Segment	-	-	-	-	-

Fuel Tech's latest annual revenue breakdown by segment (product or service), as of Dec 23: FUEL CHEM (58.88%), and Air Pollution Control (41.12%).

Quarterly Revenue by Product

Product/Service	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Air Pollution Control	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FUEL CHEM	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Segments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fuel Chem Segment	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Air Pollution Control Segment	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Fuel Tech's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: FUEL CHEM (64.43%), and Air Pollution Control (35.57%).

Fuel Tech Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Non-US	-	-	-	-	-
Europe	-	-	-	-	-
Asia	-	-	-	-	-
Americas	-	-	-	-	-
UNITED STATES	-	-	-	-	-
CHINA	-	-	-	-	-
Americas, Excluding United States	-	-	-	-	-
South America	-	-	-	-	-

Fuel Tech's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (63.63%), Non-US (18.18%), Europe (9.26%), Asia (7.18%), and Americas (1.74%).

Quarterly Revenue by Country

Country	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Europe	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asia	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
UNITED STATES	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-US	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Latin America	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
CHINA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
South America	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Fuel Tech's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (53.21%), Non-US (23.40%), Europe (14.89%), Asia (6.48%), and Latin America (2.03%).

Fuel Tech Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
FSS	Federal Signal	-	-
ZWS	Zurn Elkay Water Solutions	-	-
CECO	CECO Environmental	-	-
ERII	Energy Recovery	-	-
MKUL	Molekule Group	-	-
FTEK	Fuel Tech	-	-
CLWT	Euro Tech Company	-	-
SCWO	374Water	-	-
CHNR	China Natural Resources	-	-

FTEK Revenue FAQ

What is Fuel Tech’s yearly revenue?

Fuel Tech's yearly revenue for 2023 was $27.08M, representing an increase of 0.52% compared to 2022. The company's yearly revenue for 2022 was $26.94M, representing an increase of 11.05% compared to 2021. FTEK's yearly revenue for 2021 was $24.26M, representing an increase of 7.59% compared to 2020.

What is Fuel Tech’s quarterly revenue?

Fuel Tech's quarterly revenue for Q3 2024 was $7.85M, a 11.49% increase from the previous quarter (Q2 2024), and a -1.72% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $7.04M, a 42.06% increase from the previous quarter (Q1 2024), and a 28.95% increase year-over-year (Q2 2023). FTEK's quarterly revenue for Q1 2024 was $4.96M, a -21.88% decrease from the previous quarter (Q4 2023), and a -31.97% decrease year-over-year (Q1 2023).

What is Fuel Tech’s revenue growth rate?

Fuel Tech's revenue growth rate for the last 3 years (2021-2023) was 11.62%, and for the last 5 years (2019-2023) was -11.11%.

What are Fuel Tech’s revenue streams?

Fuel Tech's revenue streams in c 23 are FUEL CHEM, and Air Pollution Control. FUEL CHEM generated $13.6M in revenue, accounting 58.88% of the company's total revenue, down -16.80% year-over-year. Air Pollution Control generated $9.5M in revenue, accounting 41.12% of the company's total revenue, down -10.38% year-over-year.

What is Fuel Tech’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Fuel Tech was FUEL CHEM. This segment made a revenue of $13.6M, representing 58.88% of the company's total revenue.