Fuel tech reports q1 revenue of $3.8 million

Fuel tech reports 2020 first quarter financial results.q1 loss per share $0.10 from continuing operations.q1 revenue $3.8 million versus $10.2 million.ended quarter with $11.1 million in cash and cash equivalents and no debt.capital projects backlog at march 31, 2020 was $9.2 million.impact of covid-19 on q1 was not material.as we have moved into q2, we are seeing impact of covid-19 on our business activity.q2 fuel chem revenue will deteriorate at accounts that are not dispatched for power generation.
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