Highest-materiality recent filing
Koil Energy secures $5M asset-based revolving credit facility with nFusion Capital Finance
Facility provides up to $5M at 85% advance rate on eligible accounts; interest = WSJ prime + 4.75% (floor 6.75%).
Koil Energy Q1 2026 revenue $8.2M (+56% YoY); adjusted EBITDA $572K (7% of revenue)
Revenue $8.2M, up 56% YoY and 13% sequentially; gross profit $2.6M (32% margin).
Koil Energy Q4 revenue $7.3M record, up 22% YoY; FY25 EBITDA $1M vs $3.5M
Q4 revenue $7.3M (record), +22% YoY; service +24%, product sales +21%.
Koil Energy Q1 revenue $5.3M (-9% YoY), EBITDA $339k; CEO says results fell short
Revenue $5.3M, down 9% YoY; net income approximately break-even.
Koil Energy names Mads Andersen to board, Kurt Keller as CFO
Mads Andersen, CEO of Norway-based Aibel ASA (5,000 employees, $1.5B revenue), joins board as independent director; receives $20K cash, $30K RSU, 50,000 options.
Koil Energy reports Q4 revenue $6M (+48% YoY), full year net income $2.6M vs loss $1.6M
Q4 revenue $6M (+48% YoY), net income $537K vs loss $890K in Q4 2023.
Koil Energy VP of Finance Trevor Ashurst resigns; CFO search begins
Trevor Ashurst resigned as VP of Finance and Administration (principal financial officer), effective Feb 1, 2025; no disagreement with company.
Koil Energy Q3 revenue up 27% to $5.2M; net income of $523k vs $143k loss YoY
Revenue $5.2M (Q3 2024) vs $4.1M (Q3 2023), +27% YoY driven by fixed-price subsea equipment contracts.
Koil Energy Q2 revenue up 65% to $5.8M; net income $1.0M vs loss $0.4M YoY
Revenue $5.8M (+65% YoY); gross profit $2.0M (+96% YoY); net income $1.0M ($0.08 diluted EPS).
Koil Energy Q1 revenue up 56% to $5.8M; net income of $0.6M vs prior-year loss
Revenue $5.8M (+56% YoY); gross profit $2.0M (35% margin) vs $1.6M (44%) in Q1 2023.
Koil Energy reports 2023 revenue up 18% to $15.3M but net loss of $1.6M; Q4 margins compress
Full-year 2023 revenue $15.3M (+18% YoY); net loss $1.6M ($0.13 loss per diluted share).
Effective as of April 21, 2025, Mads Andersen, age 59, was appointed to the Board of Directors of Koil Energy Solutions, Inc. (the “Company”) as an independent, non-executive director.
On April 21, 2025, the Company announced the appointment of Kurt Keller as the chief financial officer (CFO) of the Company.
On January 10, 2025, Trevor Ashurst resigned as Vice President of Finance and Administration (principal financial officer) of Koil Energy Solutions, Inc. (the “Company”), effective as of February 1, 2025.
Max materiality 0.75 · Median 0.62 · Most common event earnings