Koil Energy Q2 revenue up 65% to $5.8M; net income $1.0M vs loss $0.4M YoY

Koil Energy Solutions, Inc.

2024-Q2 EPS reported $0.13 revenue$11,570,000

Revenue $5.8M (+65% YoY); gross profit $2.0M (+96% YoY); net income $1.0M ($0.08 diluted EPS).
Adjusted EBITDA $1.2M (20% margin) vs -$0.3M in Q2 2023.
SG&A reduced to 22% of revenue from 45% YoY, driving margin expansion.
Working capital $4.4M, shareholders' equity $7.2M ($0.59/share) at June 30, 2024.
CEO Erik Wiik cites strong execution and expects further upside in growth journey.

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