secwatch.observer — SEC 8-K summary
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Issuer:     Koil Energy Solutions, Inc. (KLNG)
CIK:        0001110607
Form:       8-K
Filed at:   2021-08-16T23:59:59+00:00
Accession:  0001683168-21-003715
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Deep Down Q2 2021 revenue up 66% to $4.5M; net profit of $0.7M vs year-ago loss
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- Revenue $4.5M (+66% YoY); gross profit $1.4M (31% margin) vs $1.3M (46%) last year.
- Net income $0.7M ($0.06 diluted EPS) vs net loss $5.3M ($0.42 loss) in Q2 2020.
- Recorded $1.1M PPP loan forgiveness income; $0.5M reserve for doubtful accounts.
- Cash $4.1M; working capital $6.1M; shareholders' equity $8.8M at June 30, 2021.
- Negative modified EBITDA of $0.1M vs negative $0.2M a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1110607/000168316821003715/0001683168-21-003715-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1110607/000168316821003715/deepdown_i8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-21-003715

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer