{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-23-003204","form_type":"8-K","ticker":"KLNG","cik":"0001110607","company_name":"Koil Energy Solutions, Inc.","filed_at":"2023-05-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.968595+00:00","generated_at":"2026-06-15T03:32:18.255318+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Koil Energy Q1 revenue rises 3% to $3.7M; net loss narrows to $97k","bullets":["Revenue $3.7M (+3% YoY) on higher offshore support services and rental demand.","Gross margin improved to 44% from 39% YoY; net loss $97k ($0.01/diluted share) vs. $264k loss a year ago.","Modified EBITDA turned positive at $90k from negative $57k in Q1 2022.","Backlog increased ~10% YoY; cash $1.5M, working capital $3.9M, equity $7.0M ($0.59/share).","No earnings call scheduled; CEO cites ramp in offshore investment and increased bidding activity."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-23-003204","json":"https://secwatch.observer/filing/0001683168-23-003204.json","markdown":"https://secwatch.observer/filing/0001683168-23-003204.md","text":"https://secwatch.observer/filing/0001683168-23-003204.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1110607/000168316823003204/0001683168-23-003204-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1110607/000168316823003204/koil_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T03:32:18.255318+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":"12d466ff83a1920277f0a4f9353353d7943abda1","claim":"Koil Energy Solutions, Inc. reported the quarter ended March 31, 2023 results: revenue $3.7 million, net income $97 thousand, EPS $0.01 loss per diluted share.","evidence_excerpt":"energy segments as the opportunities continue to build.” Operating Results Koil Energy’s revenues for the three months ended March 31, 2023 (“Q1 2023”) increased 3 percent to $3.7 million compared to $3.6 million for the three months ended March 31, 2022 (“Q1 2022”), primarily due to heightened offshore project activity led by customer demand for our support","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1110607/000168316823003204/0001683168-23-003204-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Revenue","value":"$3.7 million"},{"label":"Net income","value":"$97 thousand"},{"label":"EPS","value":"$0.01 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"}