{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-24-001767","form_type":"8-K","ticker":"KLNG","cik":"0001110607","company_name":"Koil Energy Solutions, Inc.","filed_at":"2024-03-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.390390+00:00","generated_at":"2026-06-04T06:57:38.081140+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Koil Energy reports 2023 revenue up 18% to $15.3M but net loss of $1.6M; Q4 margins compress","bullets":["Full-year 2023 revenue $15.3M (+18% YoY); net loss $1.6M ($0.13 loss per diluted share).","Q4 2023 revenue $4.0M (+11% YoY); Q4 gross margin 17% vs 42% in prior year.","Full-year 2023 gross margin 32% vs 36% in 2022; higher materials costs and low-margin projects cited.","Modified EBITDA negative $0.9M for 2023 vs negative $1.0M in 2022.","Working capital $2.6M at Dec 31, 2023; cash $2.0M; no share repurchases in 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-24-001767","json":"https://secwatch.observer/filing/0001683168-24-001767.json","markdown":"https://secwatch.observer/filing/0001683168-24-001767.md","text":"https://secwatch.observer/filing/0001683168-24-001767.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1110607/000168316824001767/0001683168-24-001767-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1110607/000168316824001767/koil_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T06:57:38.081140+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":"b32a028beab0852698ed5200ef183db250dbaec6","claim":"Koil Energy Solutions, Inc. reported Q4 2023 (three months ended December 31, 2023) and full-year 2023 results: revenue $4.0 million for Q4 2023; $15.3 million for full-year 2023, net income net loss of $0.9 million for Q4 2023; net loss of $1.6 million for full-year 2023, EPS $0.07 loss per diluted share for Q4 2023; $0.13 loss per diluted share for full-year 2023.","evidence_excerpt":"Due to the factors discussed above, Koil Energy reported a Q4 2023 net loss of $0.9 million, or a $0.07 loss per diluted share, compared to a Q4 2022 net loss of $1.3 million, or an $0.11 loss per diluted share. Our full-year 2023 net loss was $1.6 million, or a $0.13 loss per diluted share, compared to our full-year 2022 net loss of $2.9 million, or a $0.24 loss per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1110607/000168316824001767/0001683168-24-001767-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q4 2023 (three months ended December 31, 2023) and full-year 2023"},{"label":"Revenue","value":"$4.0 million for Q4 2023; $15.3 million for full-year 2023"},{"label":"Net income","value":"net loss of $0.9 million for Q4 2023; net loss of $1.6 million for full-year 2023"},{"label":"EPS","value":"$0.07 loss per diluted share for Q4 2023; $0.13 loss per diluted share for full-year 2023"},{"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"}