secwatch.observer — SEC 8-K summary
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Issuer:     Koil Energy Solutions, Inc. (KLNG)
CIK:        0001110607
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0001683168-24-005264
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1110607/000168316824005264/0001683168-24-005264-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1110607/000168316824005264/koil_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-005264

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