See more : Dukemount Capital Plc (DKE.L) Income Statement Analysis – Financial Results
Complete financial analysis of Koil Energy Solutions, Inc. (KLNG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Koil Energy Solutions, Inc., a leading company in the Oil & Gas Equipment & Services industry within the Energy sector.
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Koil Energy Solutions, Inc. (KLNG)
About Koil Energy Solutions, Inc.
Koil Energy Solutions, Inc., an energy services company, provides equipment and support services to the energy and offshore industries. It offers engineering and project management services, including the design, installation, and retrieval of subsea equipment and systems; connection and termination operations services; well-commissioning services; and construction support services. The company also provides project management and engineering; spooling; testing and commissioning; storage management; and refurbishment and repurposing of recovered subsea equipment, as well as support services for offshore interventions. In addition, it offers loose steel tube flying lead and umbilical hardware products, as well as riser isolation valves and subsea isolation valve services. Further, the company provides installation aids, including flying lead installation systems, tensioners, lay chutes, buoyancy modules, clump weights, mud mats, pumping and testing skids, control booths, fluid drum carriers, under-rollers, carousels, running and parking deployment frames, termination shelters, pipe straighteners, subsea deployment basket system, horizontal drive units, and rapid deployment cartridges. It serves energy companies, subsea equipment manufacturers, subsea equipment installation contractors, offshore drilling contractors, engineering and construction companies, and other companies involved in maritime operations. The company was formerly known as Deep Down, Inc. and changed its name to Koil Energy Solutions Inc. in April 2022. Koil Energy Solutions Inc. was founded in 1997 and is headquartered in Houston, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 15.34M | 12.98M | 17.23M | 12.98M | 18.92M | 16.18M | 19.48M | 25.38M | 24.85M | 28.63M | 29.59M | 29.03M | 27.44M | 42.47M | 29.45M | 35.77M | 19.39M | 978.05K | 2.29M | 5.60M | 3.99M | 25.79K | 31.01K | 30.58K | 35.85K |
| Cost of Revenue | 10.49M | 8.29M | 11.40M | 8.06M | 12.12M | 11.39M | 10.93M | 16.37M | 17.30M | 20.03M | 20.88M | 19.74M | 19.92M | 28.89M | 19.89M | 21.69M | 13.02M | 565.70K | 685.54K | 3.47M | 2.36M | 5.89K | 6.14K | 6.74K | 6.86K |
| Gross Profit | 4.85M | 4.69M | 5.84M | 4.92M | 6.80M | 4.78M | 8.55M | 9.02M | 7.55M | 8.60M | 8.71M | 9.29M | 7.52M | 13.59M | 9.56M | 14.08M | 6.37M | 412.35K | 1.60M | 2.13M | 1.63M | 19.90K | 24.87K | 23.84K | 28.99K |
| Gross Profit Ratio | 31.61% | 36.10% | 33.87% | 37.87% | 35.93% | 29.56% | 43.88% | 35.52% | 30.37% | 30.03% | 29.45% | 32.01% | 27.40% | 31.99% | 32.47% | 39.37% | 32.85% | 42.16% | 70.02% | 38.03% | 40.76% | 77.17% | 80.20% | 77.96% | 80.87% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 38.53K | 41.23K | 28.91K |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.53K | 4.16K | 4.10K |
| SG&A | 6.06M | 6.69M | 5.89M | 6.21M | 8.93M | 7.82M | 9.11M | 9.67M | 9.11M | 9.44M | 8.77M | 8.95M | 8.38M | 13.96M | 14.37M | 14.29M | 4.28M | 3.60M | 4.73M | 3.27M | 2.54M | 66.44K | 40.06K | 45.39K | 33.01K |
| Other Expenses | 400.00K | 80.00K | 2.78M | -7.00K | 19.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 6.46M | 7.69M | 6.18M | 10.95M | 9.60M | 8.10M | 9.38M | 9.87M | 9.32M | 9.62M | 8.93M | 9.40M | 9.05M | 15.70M | 20.91M | 15.58M | 6.71M | 3.63M | 4.70M | 3.31M | 2.66M | 66.44K | 40.30K | 45.39K | 33.01K |
| Cost & Expenses | 16.95M | 15.99M | 17.58M | 19.01M | 21.72M | 19.49M | 20.32M | 26.24M | 26.62M | 29.65M | 29.81M | 29.14M | 28.97M | 44.58M | 40.80M | 37.26M | 19.73M | 4.19M | 5.39M | 6.78M | 5.02M | 72.33K | 46.44K | 52.13K | 39.87K |
| Interest Income | 7.00K | 0.00 | 0.00 | 0.00 | 12.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 10.00K | 110.50K | 92.66K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 0.00 | 15.00K | 12.00K | 7.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 155.00K | 301.00K | 510.00K | 366.00K | 3.51M | 2.43M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 152.00 | 413.00 |
| Depreciation & Amortization | 605.00K | 1.08M | 947.00K | 1.08M | 1.38M | 1.87M | 1.35M | 1.53M | 1.70M | 1.60M | 1.58M | 1.77M | 1.89M | 4.06M | 8.15M | 2.36M | 2.26M | 75.34K | 75.71K | 70.74K | 116.65K | 247.00 | 246.00 | 410.00 | 805.00 |
| EBITDA | -996.00K | -1.00M | 3.40M | -4.95M | -1.02M | -1.45M | 511.00K | 680.00K | -67.00K | 768.00K | 1.37M | 1.66M | 362.00K | 1.95M | -3.83M | 509.02K | 4.18M | -3.14M | -3.02M | -633.71K | -915.40K | -46.30K | -15.19K | -21.14K | -3.22K |
| EBITDA Ratio | -6.49% | -23.18% | -1.99% | -46.52% | -14.81% | 0.03% | -0.33% | -1.54% | -0.22% | 18.10% | 5.27% | 12.47% | 3.07% | 39.01% | -10.81% | 2.74% | -10.73% | -321.06% | -136.31% | -19.75% | -22.93% | -180.50% | -49.85% | -69.12% | -8.97% |
| Operating Income | -1.61M | -3.01M | -343.00K | -6.04M | -2.80M | -5.21M | -837.00K | -852.00K | -1.77M | -5.94M | -213.00K | -2.27M | -1.53M | -6.62M | -16.89M | -1.49M | 1.66M | -3.22M | -3.10M | -1.18M | -1.03M | -46.54K | -15.43K | -21.55K | -4.02K |
| Operating Income Ratio | -10.49% | -23.18% | -1.99% | -46.52% | -14.81% | -32.20% | -4.30% | -3.36% | -7.13% | -20.73% | -0.72% | -7.80% | -5.57% | -15.59% | -57.34% | -4.17% | 8.55% | -328.76% | -135.66% | -21.01% | -25.85% | -180.47% | -49.78% | -70.47% | -11.21% |
| Total Other Income/Expenses | 61.00K | 80.00K | 2.78M | -7.00K | 19.00K | 474.00K | 726.00K | 1.04M | -34.00K | 142.00K | -400.00K | -2.29M | 3.61M | -15.13M | -922.00K | -3.87M | -335.66K | -62.13K | -34.66K | -53.68K | -36.83K | 255.00 | 267.00 | -152.00 | 9.59K |
| Income Before Tax | -1.55M | -2.93M | 2.44M | -6.04M | -2.78M | -4.73M | -111.00K | 184.00K | -1.81M | -5.79M | -613.00K | -2.40M | 2.08M | -17.24M | -17.17M | -5.37M | 1.32M | -3.28M | -3.18M | -1.23M | -1.07M | -46.29K | -15.17K | -21.70K | 5.57K |
| Income Before Tax Ratio | -10.10% | -22.56% | 14.15% | -46.57% | -14.71% | -29.27% | -0.57% | 0.72% | -7.26% | -20.23% | -2.07% | -8.27% | 7.59% | -40.59% | -58.30% | -15.00% | 6.82% | -335.11% | -139.07% | -21.97% | -26.78% | -179.48% | -48.92% | -70.96% | 15.53% |
| Income Tax Expense | 5.00K | -682.00K | 112.00K | 13.00K | -8.00K | 8.00K | 5.00K | 20.00K | 36.00K | 10.00K | -18.00K | 52.00K | -55.00K | 175.00K | -1.03M | -1.04M | 369.67K | 22.25K | 34.66K | 0.00 | 0.00 | -255.00 | -267.00 | 0.00 | 413.00 |
| Net Income | -1.55M | -2.93M | 2.33M | -6.06M | -2.77M | -4.74M | -116.00K | 164.00K | -1.84M | -5.80M | -595.00K | -2.45M | 2.14M | -17.42M | -16.14M | -4.32M | 952.51K | -3.30M | -3.30M | -1.23M | -1.07M | -46.29K | -15.17K | -21.70K | 5.57K |
| Net Income Ratio | -10.13% | -22.56% | 13.50% | -46.67% | -14.67% | -29.32% | -0.60% | 0.65% | -7.41% | -20.27% | -2.01% | -8.45% | 7.79% | -41.00% | -54.81% | -12.09% | 4.91% | -337.39% | -144.54% | -21.97% | -26.78% | -179.48% | -48.92% | -70.96% | 15.53% |
| EPS | -0.13 | -0.24 | 0.19 | -0.48 | -0.21 | -0.35 | -0.01 | 0.01 | -0.12 | -0.38 | -0.05 | -0.24 | 0.21 | -1.80 | -1.80 | -0.60 | 0.20 | -0.86 | -57.25 | -28.57 | -29.06 | -1.26 | -196.97 | -281.81 | 72.30 |
| EPS Diluted | -0.13 | -0.24 | 0.19 | -0.48 | -0.21 | -0.35 | -0.01 | 0.01 | -0.12 | -0.38 | -0.05 | -0.24 | 0.21 | -1.80 | -1.80 | -0.60 | 0.20 | -0.86 | -57.25 | -28.57 | -29.06 | -1.26 | -196.97 | -281.81 | 72.30 |
| Weighted Avg Shares Out | 11.89M | 11.98M | 12.39M | 12.50M | 13.39M | 13.55M | 14.23M | 15.52M | 15.10M | 15.18M | 11.86M | 10.19M | 10.31M | 9.66M | 8.97M | 7.20M | 3.70M | 3.84M | 57.72K | 43.07K | 36.78K | 36.78K | 77.00 | 77.00 | 77.00 |
| Weighted Avg Shares Out (Dil) | 11.89M | 11.98M | 12.45M | 12.50M | 13.39M | 13.55M | 14.23M | 15.52M | 15.10M | 15.18M | 11.86M | 10.19M | 10.31M | 9.66M | 8.97M | 7.20M | 5.22M | 3.84M | 57.72K | 43.07K | 36.78K | 36.78K | 77.00 | 77.00 | 77.00 |
KOIL Energy to Present at Sidoti November Virtual Investor Conference
HOUSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB: KLNG), today announced Erik Wiik, President and CEO, will present and host one-on-one meetings with investors at the Sidoti November Virtual Investor Conference, taking place on November 13-14,...
Koil Energy Solutions, Inc. (KLNG) Q3 2024 Earnings Call Transcript
Koil Energy Solutions, Inc. (OTCQB:KLNG) Q3 2024 Earnings Conference Call November 4, 2024 10:00 AM ET Company Participants Erik Wiik - President and Chief Executive Officer Trevor Ashurst - Vice President, Finance Conference Call Participants Sebastian Krog - Treasure Hunting...
Koil Energy Solutions, Inc. Announces Third Quarter 2024 Results
Third Quarter Highlights Revenues of $5.2 million increased 27% year-over-year Gross profit of $2.1 million increased 50% year-over-year Net income of $523 thousand increased $666 thousand year-over-year Adjusted EBITDA of $675 thousand increased $658 thousand year-over-year HOUSTON, Nov. 04, 2024...
Koil Energy Solutions Announces Dates for Third Quarter 2024 Earnings Release and Conference Call
HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG), a specialist in deepwater energy production and distribution equipment and services, announced today that it will report its third quarter 2024 results on Monday, November 4, 2024...
KOIL Energy Secures Significant Contract for Advanced Maintenance Services
HOUSTON, Oct. 03, 2024 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB: KLNG), a global leader in subsea equipment and services, has secured a significant contract to provide maintenance services on an offshore production platform for an international oil and...
KOIL Energy to Present at Sidoti Virtual Investor Conference
HOUSTON, Sept. 12, 2024 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB: KLNG), today announced Erik Wiik, President and CEO, will present and host one-on-one meetings with investors at the Sidoti September Virtual Investor Conference, taking place on September 18-19,...
Koil Energy Solutions, Inc. (KLNG) Q2 2024 Earnings Call Transcript
Koil Energy Solutions, Inc. (OTCQB:KLNG) Q2 2024 Earnings Conference Call August 5, 2024 7:30 PM ET Company Participants Erik Wiik - Chief Executive Officer Trevor Ashurst - Vice President of Finance, Conference Call Participants Operator Good morning, ladies and gentlemen....
KOIL Energy Secures Significant Contract To Provide Innovative Subsea Equipment
HOUSTON, Aug. 08, 2024 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB: KLNG), an international specialist in subsea equipment and services, today announces the award of a significant contract today for delivering Bend Stiffener Latchers (BSL®) to an operator in...
Koil Energy Solutions, Inc. Announces Second Quarter 2024 Results
Second Quarter Highlights Revenues of $5.8 million increased 65% year-over-year Gross profit of $2.0 million increased 96% year-over-year Net income of $1.0 million increased $1.4 million year-over-year Adjusted EBITDA of $1.2 million increased $1.4 million year-over-year HOUSTON, Aug. 05, 2024...
Koil Energy Solutions Announces Dates for Second Quarter 2024 Earnings Release and Conference Call
HOUSTON, July 31, 2024 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG), a specialist in deepwater energy production and distribution equipment and services, announced today that it will report its second quarter 2024 results on Monday, August 5, 2024...
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