Koil Energy Q3 revenue up 82% to $4.1M; net loss narrows to $0.1M

Koil Energy Solutions, Inc.

2023-Q3 EPS reported -$0.06 revenue$11,338,000

Q3 2023 revenue $4.1M (+82% YoY); gross profit $1.4M (33% of revenue) vs $0.3M (12%) in Q3 2022.
Net loss of $0.1M ($0.01 loss per diluted share) vs $1.6M ($0.13) a year ago.
Modified EBITDA of $17k vs negative $1.0M in Q3 2022; operating expenses flat.
Cash $1.1M; working capital $3.4M; project backlog grew ~50% YoY.
CEO: results below expectations but encouraged by revenue growth and backlog.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Koil Energy Solutions, Inc. reported financial results for the three and nine months ended September 30, 2023.

Period: the three and nine months ended September 30, 2023
Result: reported results

Exact text from the filing

On November 9, 2023, Koil Energy Solutions, Inc. issued a press release announcing its financial results for the three and nine months ended September 30, 2023.

View on SEC.gov

Browse all earnings releases →

Koil Energy Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-23-007868

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.