Koil Energy Solutions, Inc. (KLNG) Form 10-Q — Aug 14, 2026
Koil Energy Solutions posted a sharply stronger second quarter, with revenue of $9.2 million up 78% from $5.2 million a year ago and net income of $652,000 versus $61,000, or $0.05 per basic and diluted share. First-half revenue rose 67% to $17.4 million with net income of $893,000, and Q2 Adjusted EBITDA jumped to $1.1 million from $163,000. Growth was driven by a large long-term fixed-price integrated project and a major subsea umbilical handling, spooling, and storage contract executed with two of the company's carousels.
Key figures
- Eps
- 0.05
- Revenue
- 9229000
- Net Income
- 652000
- Total Debt
- 2400000
- Revenue Yoy
- +78% (Q2 2026 vs Q2 2025)
- Total Assets
- 23923000
- Cash Position
- 922000
- Shares Outstanding
- 12255985
- Eps Six Months
- 0.07
- Gross Margin Q2
- 32% vs 33% prior year
- Nfusion Pricing
- Prime + 4.75%, Prime floor 6.75%
- Working Capital
- 3796000
- Nfusion Maturity
- May 2027
- Adjusted Ebitda Q2
- 1118000
- Revenue Six Months
- 17404000
- Accumulated Deficit
- 61628000
- Net Income Six Months
- 893000
- Omsi Judgment Amount
- 575000
- Nfusion Effective Rate
- 11.50% before monthly fee
- Nfusion Max Credit Limit
- 5000000
- Sga Q2 Percent Of Revenue
- 25% vs 38% prior year
- Revenue Growth Six Months
- +67%
- Adjusted Ebitda Six Months
- 1691000
- Total Stockholders Equity
- 10161000
- Adjusted Ebitda Q2 Prior Year
- 163000
- Nfusion Outstanding At June30
- 2400000
- Unregistered Option Exercise Proceeds
- 72000
- Net Cash Provided By Financing Six Months
- 1856000
AI analysis
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