KLNG
Koil Energy Solutions, Inc.2.5000
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Key Stats
Market Cap
30.47MP/E (TTM)
250.00Basic EPS (TTM)
0.01Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Koil Energy posted Q3 revenues of $6.4M, up 22% y/y from $5.2M yet flat YTD at $16.8M, with fixed-price contracts at $3.7M (58%) and services surging to $2.6M. Gross margins slipped to 32% from 40% y/y on lower-margin mix and Brazil rent hikes, fueling a $0.5M operating loss versus $0.5M income; net loss hit $(0.03) per share, matching basic shares of 12.2M as no dilution applied. SG&A jumped 59% to $2.5M from bad debt on OMSi reserve and hiring. Cash dipped to $1.9M after $1.0M operating outflow, offset by $0.7M short-term borrowings under Amegy factoring (Prime+2%, floored at 8%). Free cash flow not disclosed in the 10-Q. Volatility of oil prices shadows offshore demand.
10-Q
Q2 FY2025 results
Koil Energy Solutions posted Q2 2025 revenues of $5.2M, down 10% y/y from $5.8M, with fixed-price contracts dropping while service work rose; gross margin slipped to 33% from 39% amid higher overhead like Brazil office rent. Operating loss hit $0.2M versus $1.0M income y/y, but a $0.3M other income boost from lawsuit settlement and insurance dividend flipped net income positive at $61K, or $0.00 diluted EPS on 12.5M shares. YTD through June 30, 2025, revenues fell 10% y/y to $10.4M, with net income of $32K; cash dipped to $2.2M after $0.4M operating outflow and $0.7M capex, offset by no debt beyond a minor $137 forklift note. Free cash flow not disclosed in the 10-Q. Cash holds steady for ops. Volatility in oil prices shadows offshore demand.
8-K
Auditor merger prompts switch
Koil Energy Solutions' auditor Moss Adams resigned on June 3, 2025, following its merger with Baker Tilly US, LLP, which the Audit Committee promptly approved as the new independent firm. No disagreements or reportable events marred the prior audits for 2023 and 2024, ensuring a seamless transition. Moss Adams confirmed the filing's statements in a June 6 letter. This change poses no disruption to financial reporting.
8-K
Q1 revenue falls 9%
Koil Energy Solutions reported first-quarter 2025 revenue of $5.3 million, down 9% from the prior year, with adjusted EBITDA at $339,000 yielding a 6% margin and gross margin at 31%. Elevated costs from increased headcount and lower labor utilization drove break-even net income, while cash dipped to $2.2 million amid negative operating cash flow. Yet order intake surges. The company eyes sharper execution and scaled growth investments to counter volatility.
10-Q
Q1 FY2025 results
Koil Energy Solutions posted Q1 FY2025 revenues of $5.3M, down 9% y/y from $5.8M, as fixed-price contracts softened while service work climbed 98% to $2.5M. Gross margins slipped to 31% from 35%, yielding an operating loss of $75K versus $570K income last year, with SG&A up 18% on restructuring costs. Net loss hit $29K or $0.00 per diluted share, matching basic shares of 12.1M—no anti-dilution. Cash dipped to $2.2M after $766K operating outflow and $464K capex, but working capital held at $5.1M with no debt or factored receivables under the Amegy facility. In April 2025, they launched a Brazilian subsidiary for global push. Volatility in oil prices remains a key risk.
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