secwatch.observer — SEC 8-K summary
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Issuer:     Koil Energy Solutions, Inc. (KLNG)
CIK:        0001110607
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001683168-23-007868
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1110607/000168316823007868/0001683168-23-007868-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1110607/000168316823007868/koil_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-007868

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer