Quarterly ResultJul 28, 2026, 06:08 AM
Kelso Technologies Q2 Revenue Up 28% QoQ to $2.25M; Net Loss $(330K)
AI Summary
Kelso Technologies Inc. reported a Q2 2026 net loss of $(330,857) from continuing operations, compared to a net income of $70,705 in Q2 2025. Revenue for the quarter increased 28% sequentially to $2.25 million, which management noted as an expected operational trough. The company is focusing on cost management and preparing for the commercial launch of its new Angle Valve, anticipating a recovery in tank car builds in 2027 and 2028.
Key Highlights
- Q2 2026 revenue increased 28% QoQ to $2,245,498.
- Net loss from continuing operations was $(330,857) for Q2 2026.
- Gross profit for Q2 2026 was $725,897, representing 32% of revenues.
- Total assets stood at $5,351,244 and working capital at $1,940,549 as of June 30, 2026.
- $350,000 was drawn from the $1,000,000 revolving credit facility.
- Discontinued operations contributed $3,885 income in Q2 2026.
- 800,000 common shares were issued to settle an $80,000 obligation.
Price Impact
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