KOIL Energy Reports Second Quarter 2025 Results and Provides a Business Update

Core Insights - Koil Energy Solutions, Inc. reported a modest performance in the first half of 2025 but is experiencing a build-up of momentum with the announcement of three new projects and a rise in service activity and order intake [2][4]. Financial Performance - For Q2 2025, Koil Energy generated revenue of $5.2 million, a 10% decrease from the same quarter in the previous year, with an adjusted EBITDA of $163,000, resulting in a 3% margin [2][11]. - The gross margin was reported at 33%, influenced by increased headcount and lower labor utilization early in the quarter, leading to a net income of 1.2% of revenue [2][11]. - Cash on hand at the end of the quarter was $2.2 million [2]. Business Developments - The company announced three significant new projects, including a subsea tie-back project in the Gulf of America, a cable management services project for a renewable energy initiative, and a major international greenfield project involving the design and manufacture of over 20 proprietary subsea flying leads [4][7]. - The new projects are expected to drive revenue growth over the next four quarters, supported by a robust pipeline of high-probability opportunities [4]. Strategic Focus - The increase in headcount is part of the company's long-term growth strategy, aimed at balancing growth with profitability [3]. - The company is positioned to execute on its growth plan, having established the necessary capabilities to handle the increased workload [3].