---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-007576"
form_type: "8-K"
ticker: "KLNG"
cik: "0001110607"
company_name: "Koil Energy Solutions, Inc."
filed_at: "2024-11-04T23:59:59+00:00"
generated_at: "2026-05-30T05:47:29.303546+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Koil Energy Q3 revenue up 27% to $5.2M; net income of $523k vs $143k loss YoY

## Summary
- Revenue $5.2M (Q3 2024) vs $4.1M (Q3 2023), +27% YoY driven by fixed-price subsea equipment contracts.
- Gross profit $2.1M (40% margin) vs $1.4M (33% margin), +50% YoY on higher revenue and improved project margins.
- Net income $523k ($0.04 diluted EPS) compared to net loss $143k ($0.01 loss) in Q3 2023.
- Adjusted EBITDA $675k vs $17k in Q3 2023, improving to 13% margin from near break-even.
- Cash $3.1M, working capital $4.9M, shareholders' equity $7.9M ($0.65/share) at Sep 30, 2024.

## SEC filing metadata
- accession: 0001683168-24-007576
- form_type: 8-K
- ticker: KLNG
- cik: 0001110607
- company_name: Koil Energy Solutions, Inc.
- filed_at: 2024-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1110607/000168316824007576/0001683168-24-007576-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1110607/000168316824007576/koil_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-007576
- JSON: https://secwatch.observer/filing/0001683168-24-007576.json
- Plain text: https://secwatch.observer/filing/0001683168-24-007576.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.