Kelso Technologies (TSE:KLS) has released an update.
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Kelso Technologies Inc. has reported a significant increase in revenue, up 34% to $2.89 million in Q2-2024 compared to the same period last year, alongside a reduction in net loss and a robust gross profit margin of 47%. The company’s strategic reorganization focuses on enhancing financial outcomes and expanding its rail product portfolio, with expectations of stable management and full AAR approvals for its rail pressure car products within the year. Despite a decrease in working capital since the end of the previous year, Kelso remains well-positioned to meet industry demand, with no long-term debt and ongoing efforts to improve shareholder value through strategic reviews and R&D.
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