{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-22-003397","form_type":"8-K","ticker":"KLNG","cik":"0001110607","company_name":"Koil Energy Solutions, Inc.","filed_at":"2022-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:59.787470+00:00","generated_at":"2026-06-25T21:26:59.285124+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Deep Down Q1 net loss $0.3M on revenue drop; rebranding to Koil Energy","bullets":["Revenue $3.6M, down 8% YoY; net loss $0.3M ($0.02 diluted loss) vs net profit $0.1M ($0.01 EPS) in Q1 2021.","Gross margin fell to 39% from 44% due to labor inflation and low-margin pass-through costs.","Modified EBITDA negative $0.1M vs positive $0.4M in prior-year quarter.","Repurchased 353,604 shares from former CEO at avg $0.64 using cash and non-strategic assets.","Awaiting FINRA approval for name/ticker change to Koil Energy Solutions; new HQ move planned."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-22-003397","json":"https://secwatch.observer/filing/0001683168-22-003397.json","markdown":"https://secwatch.observer/filing/0001683168-22-003397.md","text":"https://secwatch.observer/filing/0001683168-22-003397.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1110607/000168316822003397/0001683168-22-003397-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1110607/000168316822003397/deepdown_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T21:26:59.285124+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"}