{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-21-005457","form_type":"8-K","ticker":"KLNG","cik":"0001110607","company_name":"Koil Energy Solutions, Inc.","filed_at":"2021-11-12T23:59:59+00:00","discovered_at":"2026-05-14T18:04:11.532820+00:00","generated_at":"2026-06-28T08:55:37.712451+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Deep Down reports Q3 2021 net profit of $0.3M driven by PPP loan forgiveness","bullets":["Revenue $3.6M (+13% YoY); gross profit margin fell to 24% from 37% due to higher labor and pricing pressure.","Net income $0.3M ($0.03 diluted EPS) vs loss of $0.3M in Q3 2020; included $0.9M PPP loan forgiveness.","Modified EBITDA negative $0.4M compared to positive $0.03M a year earlier, reflecting lower gross margins.","Cash $3.7M, working capital $5.8M, shareholders' equity $9.1M ($0.74 per share).","CEO notes increased bidding activity but pricing pressures; COVID uncertainty remains."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-21-005457","json":"https://secwatch.observer/filing/0001683168-21-005457.json","markdown":"https://secwatch.observer/filing/0001683168-21-005457.md","text":"https://secwatch.observer/filing/0001683168-21-005457.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1110607/000168316821005457/0001683168-21-005457-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1110607/000168316821005457/deepdown_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T08:55:37.712451+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}