Quarterly ResultMay 15, 2026, 07:46 AM
Koil Energy Q1 Revenue $8.17M, Net Income $241K; EPS $0.02
AI Summary
Koil Energy Solutions, Inc. reported strong financial improvements for the first quarter ended March 31, 2026, with revenues increasing to $8.17 million and a return to profitability with net income of $241 thousand. The company also saw a significant improvement in operating income and positive cash flow from operations. Additionally, Koil Energy secured a judgment of approximately $575 thousand in the OMSi lawsuit, indicating progress in recovering outstanding payments.
Key Highlights
- Koil Energy reported Q1 2026 revenues of $8.17 million, up from $5.25 million in Q1 2025.
- Net income for Q1 2026 was $241 thousand, compared to a net loss of $29 thousand in Q1 2025.
- Basic EPS for Q1 2026 was $0.02, improving from $(0.00) in Q1 2025.
- Operating income for Q1 2026 was $273 thousand, reversing an operating loss of $75 thousand in Q1 2025.
- Net cash provided by operating activities was $414 thousand in Q1 2026, compared to $766 thousand used in Q1 2025.
- Working capital increased to $5.12 million as of March 31, 2026, from $4.81 million at December 31, 2025.
- Borrowings under factoring arrangement decreased to $8 thousand at March 31, 2026, from $541 thousand at December 31, 2025.
- The company received a judgment of approximately $575 thousand in the OMSi lawsuit in January 2026.
Price Impact
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