FTEK — what changed in the latest 10-Q
A section-by-section comparison of FTEK's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-05 vs the prior 10-Q · 2025-11-04
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +14 | −16 | ~7 | 2 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | No paragraph-level changes | 0 | 0 | 0 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-05
In the first quarter of 2026, the Company continued to execute on existing APC segment projects while actively pursuing new contract awards. FUEL CHEM segment revenue was negatively impacted due to seasonal maintenance outages and dispatch related decreases in operational demand. We continue to inve…
Our FUEL CHEM segment experienced a decrease in revenue and segment operating profits in the current quarter as compared to 2025. The FUEL CHEM segment was impacted by weather and seasonal maintenance outages at customer plants as well as dispatch related decreases in operational demand.
Revenues for the three-month periods ending March 31, 2026 and 2025 were $6,080 and $6,382, respectively, representing a decrease of $302, or 5%, versus the same period last year.
The FUEL CHEM technology segment generated revenues of $4,476 and $5,079 for the three-month periods ended March 31, 2026 and 2025, respectively, representing a decrease of $603, or 12%, versus the same period last year. This decrease in FUEL CHEM revenue for the three months ended March 31, 2026 as…
Selling, general and administrative expenses (SG&A) were $3,716 and $3,341 for the three-month periods ended March 31, 2026 and 2025, respectively. For the three-month period ended March 31, 2026, the increase of $375 is primarily the result of an increase in employee-related expenses of $195, an in…
Text removed vs the prior filing · source: 10-Q · 2025-11-04
The Company experienced a return to profitable operations during the current quarter, brought on by strong margin contributions from both the FUEL CHEM and Air Pollution Control (APC) operating segments. Improved performance from the FUEL CHEM segment was bolstered by the commercialization of a demo…
Our FUEL CHEM segment experienced an increase in revenue and segment operating profits in the current quarter as compared to 2024. The FUEL CHEM segment continues to thrive from operational demand from our client base and the contribution of a new account added in the second half of 2024.
Revenues for the three-month periods ending September 30, 2025 and 2024 were $7,490 and $7,851, respectively, representing a decrease of $361, or 5%, versus the same period last year. Revenues for the nine-month periods ending September 30, 2025 and 2024 were $19,430 and $19,850, respectively, repre…
The FUEL CHEM technology segment generated revenues of $4,783 and $4,627 for the three-month periods ended September 30, 2025 and 2024, respectively, representing an increase of $156, or 3%, versus the same period last year. The FUEL CHEM technology segment generated revenues of $12,915 and $10,359 …
Consolidated gross margin percentage for the nine-month periods ended September 30, 2025 and 2024 was 47% and 42%, respectively. For the nine-month periods ended September 30, 2025 and 2024 the FUEL CHEM operating segment gross margin was 49% and 47%, respectively. FUEL CHEM gross margin increased f…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice