Reports Q4 revenue $5.9M vs. $4M last year. Erik Wiik, President and Chief Executive Officer of KOIL Energy (KLNG), stated, ” I am immensely proud of the KOIL Energy team for delivering an exceptional quarter, surpassing the revenue of each of the previous three quarters in 2024. For the full year 2024, we achieved revenue of $23 million, marking a 48% year-over-year increase. Modified EBITDA improved from a loss last year to $3.5 million. My sincere congratulations and gratitude to the men and women of KOIL Energy. This is nothing short of a remarkable turnaround.”
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