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].

HOUSTON, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG), announced today that it will file its Quarterly Report on Form 10-Q for the second quarter of 2025 on Thursday, August 14, 2025. KOIL will host an investor conference call to review its second quarter of 2025 results on Thursday, August 14, 2025, at 10:00 am Eastern Time. Interested parties may listen to the call through a webcast link or using the dial in numbers. (See below details.) GENERAL EVENT DETAILS Title: Koil Ene ...

HOUSTON, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG), announced today that it will file its Quarterly Report on Form 10-Q for the second quarter of 2025 on Thursday, August 14, 2025. KOIL will host an investor conference call to review its second quarter of 2025 results on Thursday, August 14, 2025, at 10:00 am Eastern Time. Interested parties may listen to the call through a webcast link or using the dial in numbers. (See below details.) GENERAL EVENT DETAILS Title: Koil Ene ...

Core Insights - Koil Energy Solutions, Inc. reported first quarter 2025 results that fell short of expectations after four consecutive quarters of strong performance, attributing the decline to increased base costs and volatility in fixed-price contracts [2][4] - The company generated revenue of $5.3 million, a 9% decrease from the previous year, with EBITDA of $339,000, resulting in a 6% margin [2][10] - The gross margin was 31%, impacted by increased headcount and lower labor utilization, leading to a net income close to break-even [2][10] Financial Performance - Revenue for Q1 2025 was $5.3 million compared to $5.8 million in Q1 2024, marking a 9% decline [10] - EBITDA decreased by $394,000 year-over-year, with adjusted EBITDA for Q1 2025 at $339,000 compared to $734,000 in Q1 2024 [10][13] - The company reported a net loss of $29,000 for Q1 2025, contrasting with a net income of $576,000 in the same quarter of the previous year [10][13] Operational Highlights - Two-thirds of recent growth in service contracts was linked to the installation of equipment built in the previous year, indicating the success of the company's bundling strategy [3] - Order intake and bidding activity have significantly increased, suggesting positive momentum for the remainder of 2025 [3][4] - The company plans to focus on improving financial execution, workforce utilization, and disciplined working capital management in upcoming quarters [4] Balance Sheet Overview - As of March 31, 2025, the company had working capital of $5.1 million, accounts receivable of $4.9 million, and cash on hand of $2.2 million [2][10] - Total assets increased to $19.2 million from $18.7 million at the end of 2024, while total liabilities rose slightly to $10.6 million [12]

Group 1 - Koil Energy Solutions, Inc. will file its Quarterly Report on Form 10-Q for Q1 2025 on May 20, 2025, within the extended timeframe granted by the SEC due to the need to complete certain accounting procedures following the delayed filing of its Annual Report on Form 10-K for the year ended December 31, 2024 [1] - An investor conference call to review the Q1 2025 results is scheduled for May 20, 2025, at 10:00 am Eastern Time, with access available via a webcast link and dial-in numbers [2] - The earnings release and a replay of the conference call will be accessible on the company's website under the "Investors" section [3] Group 2 - Koil Energy Solutions is a leading energy services company that provides subsea equipment and support services to the global energy and offshore industries [4]

Investor Relations: ir@koilenergy.com 281-862-2201 Mark Carden, KOIL Energy's Chairman of the Board, stated, "We are pleased to welcome Mr. Andersen to KOIL Energy's Board. Our growth strategy and international ambitions will be strengthened by his successes as an experienced CEO and Senior Executive in international companies. His advice on international business development, growth strategy and M&A will be very valuable for KOIL Energy." KOIL Energy is a leading energy services company offering subsea equ ...

HOUSTON, March 29, 2025 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG), (the "Company") today announced that it will be filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, with the Securities and Exchange Commission (the "SEC") later than the originally scheduled date of March 31, 2025. The Company anticipates filing the Annual Report within the extended timeframe granted by the SEC of fifteen days. The delay is due to the requirement to complete certain audit p ...