{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-23-001977","form_type":"8-K","ticker":"KLNG","cik":"0001110607","company_name":"Koil Energy Solutions, Inc.","filed_at":"2023-03-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.895968+00:00","generated_at":"2026-06-17T08:54:03.079819+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":"Koil Energy reports FY2022 net loss of $2.9M; revenue down 25% to $13.0M","bullets":["Full-year 2022 revenue $13.0M, down 25% from $17.2M in 2021; Q4 revenue $3.6M, down 31% YoY.","FY2022 net loss $2.9M ($0.24 diluted loss per share) vs FY2021 net income $2.3M ($0.19 diluted EPS).","FY2022 modified EBITDA negative $1.0M vs positive $0.7M in 2021; Q4 modified EBITDA negative $0.1M.","Operating expenses included $0.8M lease impairment, $0.5M relocation costs, and $0.2M rebranding costs.","Repurchased 500,663 shares for $0.15M cash and $0.08M in assets; working capital $3.9M, cash $2.4M at Dec 31, 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-23-001977","json":"https://secwatch.observer/filing/0001683168-23-001977.json","markdown":"https://secwatch.observer/filing/0001683168-23-001977.md","text":"https://secwatch.observer/filing/0001683168-23-001977.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1110607/000168316823001977/0001683168-23-001977-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1110607/000168316823001977/koil_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T08:54:03.079819+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":"5b1b216e7b2046c4376ebc60718d06deac8f2c43","claim":"Koil Energy Solutions, Inc. reported three months ended December 31, 2022 results: revenue $3.6 million, net income $1.3 million, EPS $0.11 loss per diluted share.","evidence_excerpt":"Koil Energy’s revenues for the three months ended December 31, 2022 (“Q4 2022”) decreased 31 percent to $3.6 million compared to $5.2 million for the three months ended December 31, 2021 (“Q4 2021”).","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1110607/000168316823001977/0001683168-23-001977-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended December 31, 2022"},{"label":"Revenue","value":"$3.6 million"},{"label":"Net income","value":"$1.3 million"},{"label":"EPS","value":"$0.11 loss per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"bb5a7c2fd8a0a0cca453be683df57c58658809b2","claim":"Koil Energy Solutions, Inc. reported year ended December 31, 2022 results: revenue $13.0 million, net income $2.9 million, EPS $0.24 loss per diluted share.","evidence_excerpt":"decreased 31 percent to $3.6 million compared to $5.2 million for the three months ended December 31, 2021 (“Q4 2021”). Our full-year 2022 revenues decreased 25 percent to $13.0 million, compared with $17.2 million for full-year 2021, primarily due to an overall decline in project activity characterized by a shift from product-oriented, fixed price contracts to","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1110607/000168316823001977/0001683168-23-001977-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"year ended December 31, 2022"},{"label":"Revenue","value":"$13.0 million"},{"label":"Net income","value":"$2.9 million"},{"label":"EPS","value":"$0.24 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"}