FUEL TECH, INC. FTEK Income Statement

Fuel tech, inc. (FTEK)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues
3,778	-	6,452	8,948	10,155	-	16,070	11,847	12,791	-	13,548	9,741	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenues
-	4,912	-	-	-	15,827	-	-	-	-	-	-	8,491	9,568	12,596	15,175	17,822	18,201	21,677	18,683	15,103	18,684	21,482	20,190	18,661	24,207	33,555	29,092	22,484	26,614	24,907	20,911	25,212	28,002	24,023	19,021	22,622	20,279	18,902
Costs and expenses:
Cost of sales
2,251	4,883	3,563	5,050	6,141	9,926	10,654	8,125	7,766	7,761	8,498	6,116	4,769	7,717	7,281	9,595	11,774	11,294	13,829	11,547	8,437	9,820	11,582	11,677	10,810	13,787	18,455	17,227	13,052	17,128	14,671	11,880	13,220	14,788	13,050	10,553	11,466	11,496	11,067
Selling, general and administrative
3,886	4,456	3,822	4,455	4,458	4,775	4,105	4,763	4,921	4,888	4,968	5,923	5,154	5,853	5,789	6,760	7,162	7,172	7,122	8,400	8,203	9,649	8,080	8,959	8,744	9,306	9,304	9,307	8,458	7,750	8,064	7,874	8,994	9,828	7,701	7,966	7,951	7,808	8,018
Restructuring charge
0	-	0	30	595	-	0	0	0	-	0	58	61	-	1,108	0	317	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on revaluation of ACT liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-758	-	-	-
Gain on revaluation of ACT liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	768	-
Research and development
324	304	352	205	266	259	265	261	288	290	216	280	284	-373	672	295	1,158	-1,928	1,521	982	872	611	379	225	244	618	461	430	933	819	569	969	506	399	358	315	402	264	165
Asset Impairment Charges
-	-	76	51	-	-	0	317	-	-	0	2,965	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Building impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs and expenses:
6,461	9,643	7,813	9,791	11,460	14,960	15,024	13,466	12,975	12,939	13,682	15,342	10,268	15,274	14,850	16,650	20,411	18,182	22,472	20,929	17,512	43,480	20,041	20,861	19,798	23,711	28,220	26,964	22,443	25,697	23,304	20,723	22,720	25,015	21,109	18,076	19,819	-	-

-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,800	19,250
Operating loss from continuing operations
-2,683	-4,731	-1,361	-843	-1,305	867	1,046	-1,619	-184	447	-134	-5,601	-1,777	-5,706	-2,254	-1,475	-2,589	19	-795	-2,246	-2,409	-24,796	1,441	-671	-1,137	496	5,335	2,128	41	917	1,603	188	2,492	2,987	2,914	945	2,803	1,479	-348
Interest expense
3	-	4	3	1	-	0	0	0	-	-	0	-	-	-	-	-	-3	0	3	27	29	33	34	29	27	19	10	0	3	16	49	25	23	47	38	40	33	33
Interest income
11	11	19	9	2	3	1	0	2	2	2	3	3	4	5	6	10	4	3	7	7	6	6	6	11	15	14	14	15	-	16	40	-	16	14	4	1	4	1
Foreign exchange gain
-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
226	-7	71	-97	25	61	8	-59	-8	-15	-41	-2	-2	-187	-254	-221	-263	-99	-100	-65	-96	-190	-285	-39	-30	154	-82	-129	-80	-29	-27	-72	21	-27	-57	-155	-40	89	-166
Loss from continuing operations before income taxes
-2,449	-4,349	-1,275	-934	-1,279	931	1,055	-1,678	-190	434	-173	-5,600	-1,776	-5,889	-2,503	-1,690	-2,842	-73	-892	-2,307	-2,525	-25,009	1,129	-738	-1,185	638	5,248	2,003	-24	907	1,576	107	2,488	2,953	2,824	756	2,724	1,539	-546
Income tax expense
118	-9	21	2	0	31	0	1	1	-570	5	-15	0	1,872	-114	111	-205	6,167	-603	-936	-871	-7,898	-63	-18	-99	232	1,768	767	-3	936	382	39	945	1,229	169	326	1,385	722	-237
Net loss from continuing operations
-2,567	-4,340	-1,296	-936	-1,279	900	1,055	-1,679	-191	1,004	-178	-5,585	-1,776	-	-2,389	-1,801	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations (net of income tax benefit of $0 in 2020 and 2019)
0	0	18	-9	-10	-4	-10	-74	-25	-1,676	-239	-1,269	-730	-	-630	-827	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
-2,567	-4,340	-1,278	-945	-1,289	896	1,045	-1,753	-216	-672	-417	-6,854	-2,506	-9,104	-3,019	-2,628	-2,637	-9,066	-289	-1,371	-1,654	-17,111	1,192	-720	-1,086	406	3,480	1,236	-21	-29	1,194	68	1,543	1,724	2,655	430	1,339	817	-309
Net loss per common share:
Net loss per common share:
Basic
Continuing operations (in dollars per share)
-0.10	-0.18	-0.05	-0.04	-0.05	0.04	0.04	-0.07	-0.01	0.05	-0.01	-0.24	-0.08	-	-0.10	-0.08	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.07	-0.01	-0.05	-0.03	-	-0.03	-0.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic net loss per common share (in dollars per share)
-0.10	-0.18	-0.05	-0.04	-0.05	0.04	0.04	-0.07	-0.01	-0.02	-0.02	-0.29	-0.11	0.35	-0.13	-0.12	-0.11	-0.40	-0.01	-0.06	-0.07	-0.75	0.05	-0.03	-0.05	0.01	0.16	0.06	0.00	0.00	0.05	0.00	0.07	0.07	0.11	0.02	0.06	0.03	-0.01
Diluted
Continuing operations (in dollars per share)
-0.10	-0.18	-0.05	-0.04	-0.05	0.04	0.04	-0.07	-0.01	0.05	-0.01	-0.24	-0.08	-	-0.10	-0.08	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.07	-0.01	-0.05	-0.03	-	-0.03	-0.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted net loss per common share (in dollars per share)
-0.10	-0.18	-0.05	-0.04	-0.05	0.04	0.04	-0.07	-0.01	-0.02	-0.02	-0.29	-0.11	-0.38	-0.13	-0.12	-0.11	-0.40	-0.01	-0.06	-0.07	-0.75	0.05	-0.03	-0.05	0.03	0.15	0.05	0.00	0.01	0.05	0.00	0.06	0.07	0.11	0.02	0.05	0.03	-0.01
Weighted-average number of common shares outstanding:
Weighted-average number of common shares outstanding:
Basic (in shares)
24,597	24,257	24,187	24,187	24,177	24,169	24,171	24,170	24,146	24,145	24,133	23,738	23,472	23,449	23,446	23,381	23,184	23,170	23,167	23,140	22,927	22,838	22,835	22,814	22,641	22,459	22,376	22,197	22,112	22,033	22,105	23,107	23,591	23,575	24,322	24,269	24,214	24,213	24,215
Diluted (in shares)
24,597	24,257	24,187	24,187	24,177	23,752	24,588	24,170	24,146	24,145	24,133	23,738	23,472	23,449	23,446	23,381	23,184	23,170	23,167	23,140	22,927	22,457	23,216	22,814	22,641	22,375	22,534	23,295	22,112	22,873	23,022	23,984	24,261	24,104	24,850	24,909	24,669	24,381	24,215