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Koil Energy Solutions (KLNG)
OTHER OTC:KLNG
RESEARCH TOOLSreports
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.05Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 15, 2025
|% Change Since: 11.76%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Positive
Koil Energy reported a strong year with record-breaking revenue and EBITDA growth, significant contract wins, and a solid cash position. However, challenges in internal controls, potential supply chain risks, and limited order book visibility were noted. The overall sentiment is positive due to the outweighing highlights.Company Guidance
During Koil Energy's fourth quarter and full-year 2024 earnings call, CEO Erik Wiik highlighted the company's impressive financial performance, with a notable 48% year-over-year increase in revenue, reaching $23 million for the full year. The fourth quarter alone saw revenue of $6 million, a 14% sequential increase, and EBITDA of $1 million, translating to a 16% margin. The gross margin remained stable at 40%, while selling, general, and administrative expenses slightly rose to $1.7 million due to increased staffing. Koil Energy reported a net income of $537,000 for Q4, a significant turnaround from a net loss of $890,000 the previous year. The company also generated $1.4 million in free cash flow, bolstering its cash position to $3.4 million by year-end. With $5.7 million in working capital, Koil Energy is positioned for further growth, driven by its strategic roadmap and increased market demand in key subsea basins like the Gulf of America and the North Sea. Despite challenges related to supplier delays, the company remains optimistic about its future, supported by expanding service offerings and a strong presence in international markets, including a new facility in Brazil.Record Revenue and EBITDA Growth
Koil Energy achieved a 48% increase in revenue year-over-year, reaching $23 million for the full year 2024. EBITDA improved from a loss in 2023 to $3.5 million, marking a historic profitability record for the company.
Significant Contract Wins
During the fourth quarter, Koil Energy secured a significant contract to deliver subsea distribution equipment for a project in West Africa and a major contract for advanced maintenance services.
Strong Cash Position and Working Capital
At year-end, Koil Energy reported a cash balance of $3.4 million and working capital of $5.7 million, up from $2.6 million the previous year.
Geographic Expansion and Strategic Alliances
Koil Energy expanded into Brazil with a new facility and formed a strategic alliance with SubseaDesign AS to advance subsea technology.
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KLNG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KLNG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 15, 2025 | $1.70 | $1.77 | +4.12% |
| Nov 04, 2024 | $1.75 | $1.52 | -13.14% |
| Aug 05, 2024 | $1.01 | $1.26 | +24.75% |
| May 06, 2024 | $0.48 | $0.73 | +52.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Koil Energy Solutions (KLNG) report earnings?
Koil Energy Solutions (KLNG) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is Koil Energy Solutions (KLNG) earnings time?
Koil Energy Solutions (KLNG) earnings time is at May 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KLNG EPS forecast?
Currently, no data Available
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