Selling, general and administrative (SG&A) expenses totaled $8.1 million in the current quarter versus $7.7 million in the same year-ago period. Research and development (R&D) expenses were $0.6 million versus $0.4 million in the year-ago quarter.SG&A expenses totaled $25.0 million in the nine-month period ended September 30, 2012, versus $23.6 million in the same year-ago period, which represents a 1% decrease in SG&A costs as a percentage of revenue. The net-dollar increase in SG&A expenses is attributed primarily to higher employee and international-related costs, including sales commissions, offset by a decrease in stock-based compensation. Research and development (R&D) expenses increased to $2.0 million in the first three quarters of the year versus $1.1 million in the year-ago period, to support continued emphasis on R&D activities to enhance product offerings.
Fuel Tech Reports Third Quarter 2012 Results
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