Fuel Tech Q2 FY26 net loss widens to $1.2 million; revenue rises 17% to $6.5 million - FTEK News | RalliesFuel Tech Q2 FY26 net loss widens to $1.2 million; revenue rises 17% to $6.5 million
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FTEK• Leadership change
- Ramesh Nuggihalli will succeed Vincent J. Arnone as president and CEO effective Aug. 10, 2026.
Quarterly results
- Fuel Tech posted a Q2 net loss of $1.2 million, or $0.04 per share, widening from a $0.7 million loss.
- Revenue rose 17% to $6.5 million, while gross margin fell 5 percentage points to 41%.
- Adjusted EBITDA loss was $1.2 million, compared with an adjusted EBITDA loss of $0.9 million.
Segment performance and backlog
- APC segment revenue increased 11% to $2.8 million; consolidated APC backlog more than doubled to $14.3 million from year-end 2025.
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