Fuel Tech, Inc. (FTEK) Reports Q1 Loss, Misses Revenue Estimates
Quarterly Performance: Fuel Tech, Inc. reported a quarterly loss of $0.02 per share, matching expectations but down from earnings of $0.01 per share a year ago; revenues of $6.38 million also fell short of estimates, marking a mixed performance over the last four quarters.
Market Outlook: The stock has underperformed compared to the S&P 500 this year, and its future performance will depend on management's commentary and earnings estimate revisions, with current consensus estimates indicating continued losses in upcoming quarters.
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Jitri LiqTech Launches Marine-Centric R&D Test Center and Localization Facility in China, Along with a New Regional Spare Parts Warehouse
New Facility Announcement: Jitri LiqTech has begun construction on a marine-focused R&D test center and localization facility in Haimen, Nantong, to enhance its service capabilities for marine customers in China.
Technology Development: The facility will focus on developing Marine SiC Membrane Water Treatment Equipment for onboard wastewater purification, aiming to meet the growing demand for sustainable marine water treatment solutions.
Local Manufacturing Strategy: By establishing a localization workshop, Jitri LiqTech aims to reduce reliance on imported parts, thereby increasing supply chain resilience and operational uptime for customers.
Market Position and Future Plans: LiqTech holds over 20% market share in marine scrubbers and plans to have the new R&D center operational by Q1 2026, enhancing its ability to innovate and serve the marine water treatment market in China.
Ascendiant Capital Reiterates Buy Rating on LiqTech International, Increases Price Target to $4.2
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