Quarterly ResultNov 6, 2026, 06:12 AM
Kelso Technologies Q3 Revenue Down, Expenses Decline; New Valve Approved
AI Summary
Kelso Technologies Inc. reported its financial results for the quarter ended September 30, 2026. While revenue and gross profit decreased year-over-year due to industry-wide slowdowns in tank car deliveries, the company achieved a third consecutive quarterly decline in operating expenses, demonstrating effective cost management. A significant development was the AAR approval for the new 2" angle valve (K2AV), which is expected to boost revenue starting in fiscal 2027. The company maintained a stable financial position with no term debt.
Key Highlights
- Kelso Technologies Inc. reported Q3 2026 revenue of $1,756,751, a decrease from $2,808,144 in Q3 2025.
- Operating expenses declined for the third consecutive quarter to $954,240 in Q3 2026, down 8% from Q3 2025.
- Gross profit for Q3 2026 was $531,995 (30% of revenue), compared to $1,166,259 (42% of revenue) in Q3 2025.
- Received full AAR production approval for new 2" angle valve (K2AV), expected to impact revenue in fiscal 2027.
- Company maintained a sound financial position with $1,536,394 in working capital and no term debt as of September 30, 2026.
- Net loss for Q3 2026 was $454,901, compared to a net income of $182,851 in Q3 2025.
Price Impact
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