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Kelso Technologies Inc. (TSE:KLS)
:KLS
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Kelso Technologies (KLS) AI Stock Analysis

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TSE:KLS

Kelso Technologies

(OTC:KLS)

Rating:61Neutral
Price Target:
C$0.00
▼(-100.00%Downside)
Kelso Technologies' overall stock score is primarily influenced by the recent profitability and positive technical indicators, suggesting potential for recovery. However, financial challenges and poor valuation due to negative profitability weigh heavily on the score.

Kelso Technologies (KLS) vs. iShares MSCI Canada ETF (EWC)

Kelso Technologies Business Overview & Revenue Model

Company DescriptionKelso Technologies Inc. develops, produces, and distributes proprietary equipment used in transportation applications in the United States and Canada. The company offers railway equipment, such as bottom outlet, pressure relief, vacuum relief, and check valves, as well as one-bolt manways, pressure cars, pressure differential parts, tank gauges, laboratory test equipment, and wheel cleaners; emergency response kits; and fueling valves. It also provides trucking components, including one-bolt manways and pressure/vacuum safety valves for tank trailers; and suspension systems for fleet vehicles to access wilderness worksites. The company was formerly known as Kelso Resources Ltd. and changed its name to Kelso Technologies Inc. in July 1994. Kelso Technologies Inc. was incorporated in 1987 and is headquartered in Surrey, Canada.
How the Company Makes MoneyKelso Technologies generates revenue through the sale of its specialized transportation equipment, which is critical for the safe handling of hazardous materials via rail. The company’s key revenue streams include direct sales to major rail transportation companies and leasing firms, which require compliant and reliable products to maintain safety standards. Additionally, Kelso Technologies benefits from partnerships with railcar manufacturers and regulatory entities, ensuring their products meet industry standards and are widely adopted across the sector.

Kelso Technologies Financial Statement Overview

Summary
Kelso Technologies faces significant financial challenges, including declining revenues, negative profitability, and cash flow issues. While the equity position remains strong, increased leverage and persistent losses are concerning. The company needs to address operational inefficiencies to improve financial health.
Income Statement
40
Negative
Kelso Technologies has experienced a revenue decrease over recent years, with significant declines from 2019 levels. Gross profit margins are moderate, but the consistent negative EBIT and EBITDA margins indicate operational challenges. The net profit margins have been negative for several years, reflecting ongoing profitability issues.
Balance Sheet
60
Neutral
The company's balance sheet shows a reasonable equity ratio, indicating a strong capital base. However, the increasing debt-to-equity ratio from prior years suggests rising leverage. ROE is negative due to persistent losses, which is a concern for shareholders.
Cash Flow
45
Neutral
Kelso Technologies is struggling with negative free cash flow, although there’s a slight improvement in operating cash flow compared to prior periods. The free cash flow to net income ratio is negative, indicating insufficient cash generation to cover losses.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue10.68M10.82M10.93M7.43M11.15M
Gross Profit4.69M4.58M4.91M3.20M4.79M
EBITDA-686.72K-543.43K-118.54K-1.56M-88.35K
Net Income-4.62M-2.10M-1.36M-2.76M-1.31M
Balance Sheet
Total Assets6.57M9.70M12.15M13.73M12.02M
Cash, Cash Equivalents and Short-Term Investments153.15K1.43M2.71M3.38M1.05M
Total Debt115.90K16.64K146.72K287.71K149.25K
Total Liabilities2.34M983.02K1.37M1.67M1.06M
Stockholders Equity4.23M8.72M10.78M12.06M10.96M
Cash Flow
Free Cash Flow-405.16K-1.12M-588.43K-2.25M-3.28M
Operating Cash Flow-393.88K-275.25K314.41K-1.82M-1.56M
Investing Cash Flow-751.04K-846.83K-875.50K-401.29K-1.71M
Financing Cash Flow-138.72K-155.37K-135.58K4.54M-93.71K

Kelso Technologies Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.17
Price Trends
50DMA
0.16
Positive
100DMA
0.16
Positive
200DMA
0.16
Positive
Market Momentum
MACD
<0.01
Positive
RSI
50.99
Neutral
STOCH
34.13
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:KLS, the sentiment is Positive. The current price of 0.17 is below the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.16, and above the 200-day MA of 0.16, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 50.99 is Neutral, neither overbought nor oversold. The STOCH value of 34.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:KLS.

Kelso Technologies Risk Analysis

Kelso Technologies disclosed 17 risk factors in its most recent earnings report. Kelso Technologies reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 2 New Risks
1.
"The success of the Company's business depends substantially on the continuing efforts of the Company's senior executives, and the Company's business may be severely disrupted if the Company loses their services." Q4, 2022
2.
"Raw materials used by the Company for the production of the Company's products are subject to price fluctuations which could change profitability expectations." Q4, 2022

Kelso Technologies Peers Comparison

Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
76
Outperform
$97.81B25.508.50%0.77%7.33%-1.42%
68
Neutral
$81.25B18.0521.83%2.66%0.63%-14.20%
61
Neutral
C$9.38M-7.09%4.89%-76.95%
58
Neutral
HK$14.94B4.62-2.78%5.07%3.80%-54.55%
22
Underperform
C$7.72M55.19%35.14%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:KLS
Kelso Technologies
0.17
0.01
6.25%
TSE:CP
Canadian Pacific Kansas City
103.86
-7.27
-6.54%
TSE:CNR
Canadian National Railway
130.17
-23.04
-15.04%
TSE:BAC
BacTech Environmental
0.04
0.00
0.00%

Kelso Technologies Corporate Events

Executive/Board ChangesShareholder Meetings
Kelso Technologies Reports 2025 AGM Results and Leadership Changes
Neutral
Jun 5, 2025

Kelso Technologies Inc. announced the results of its 2025 Annual General and Special Meeting, where 44.85% of the company’s outstanding shares were voted. The shareholders elected five directors and approved the reappointment of Smythe, LLP as auditors. Additionally, the Omnibus Equity Incentive Plan was adopted. Leadership changes were also noted, with Frank Busch appointed as President and CEO, and Amanda Smith set to become COO on July 1, 2025. These developments reflect Kelso’s commitment to maintaining strong governance and operational leadership, potentially impacting its market positioning and stakeholder confidence.

Executive/Board ChangesBusiness Operations and StrategyFinancial Disclosures
Kelso Technologies Reports First Profitable Quarter Since 2020
Positive
Apr 30, 2025

Kelso Technologies Inc. reported its first profitable quarter since Q1-2020, with a net income of $412,337 for Q1-2025. The company achieved a 19.06% year-over-year increase in gross revenue, reaching $3.16 million, and improved its gross profit margin to 44.6%. Despite challenges in international trade affecting tank car demand, Kelso remains optimistic about sustainable revenue growth and is preparing for an expected increase in new tank car builds in 2026/2027. The company announced leadership changes, with Amanda Smith set to become the new COO, as part of its cost reduction strategy.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 16, 2025