{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-22-007722","form_type":"8-K","ticker":"KLNG","cik":"0001110607","company_name":"Koil Energy Solutions, Inc.","filed_at":"2022-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.642906+00:00","generated_at":"2026-06-21T19:23:52.992607+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Deep Down reports Q3 net loss of $1.6M, revenue down 36% YoY to $2.3M","bullets":["Revenue $2.3M (-36% YoY); gross profit $0.3M (12% margin vs 24%).","Net loss of $1.6M ($0.13/diluted share) vs net profit of $0.3M ($0.03/share) in Q3 2021.","Modified EBITDA negative $1.0M vs negative $0.4M in prior year.","Rebranding to Koil Energy Solutions underway; awaiting FINRA approval for new name and ticker.","Cash $3.5M, working capital $4.5M, shareholders' equity $8.4M."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-22-007722","json":"https://secwatch.observer/filing/0001683168-22-007722.json","markdown":"https://secwatch.observer/filing/0001683168-22-007722.md","text":"https://secwatch.observer/filing/0001683168-22-007722.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1110607/000168316822007722/0001683168-22-007722-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1110607/000168316822007722/deepdown_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T19:23:52.992607+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":[{"claim_id":"4d408821f2db456bd231fc97fbdb4d2e1e7cf73d","claim":"Koil Energy Solutions, Inc. reported the three months ended September 30, 2022 results: revenue $2.3 million, net income $1.6 million, EPS $0.13 loss per diluted share.","evidence_excerpt":"the momentum needed to achieve this desired growth.” 1 Operating Results Deep Down’s revenues for the three months ended September 30, 2022 (“Q3 2022”) decreased 36 percent to $2.3 million compared to $3.6 million for the three months ended September 30, 2021 (“Q3 2021”) primarily due to an overall decline in project activity characterized by a shift from","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1110607/000168316822007722/0001683168-22-007722-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended September 30, 2022"},{"label":"Revenue","value":"$2.3 million"},{"label":"Net income","value":"$1.6 million"},{"label":"EPS","value":"$0.13 loss per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}