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Kelso Technologies Inc. (KIQ) generates a steady stream of news centered on its activities as a transportation equipment and product engineering company. Its disclosures focus on proprietary rail tank car valves and related rail products, as well as an automotive division that has developed an automated suspension‑based Advanced Driver Assistance System for commercial mission‑critical wilderness operations. News items often explain how these products are intended to support safe handling and containment of commodities during transport and to mitigate risks linked to human and technology error.
Investors and industry followers reviewing Kelso‑related news can expect regular updates on financial performance prepared under IFRS, including quarterly results, profitability trends, cost management efforts and liquidity developments. The company’s releases also discuss strategic priorities such as operational efficiency, overhead reduction and the pursuit of Association of American Railroads (AAR) approvals for components like its Bottom Outlet Valve (BOV), Angle Valve (AV) and pressure car package.
Corporate governance and leadership changes are another recurring theme in Kelso’s news flow. Recent announcements have covered the appointment of an interim and then permanent Chief Executive Officer, changes in the Chief Financial Officer and Chief Operating Officer roles, and the addition or retirement of directors with rail and finance experience. Shareholder meeting results, including director elections and auditor appointments, are also reported.
By following Kelso Technologies news, readers can track how the company describes its progress on regulatory approvals for rail products, its automotive initiatives, and its efforts to align operations with market conditions in the rail and transportation sectors. This page brings together those updates so that investors, analysts and industry participants can review Kelso’s publicly reported developments in one place.
Kelso Technologies Inc. released its financial results for Q1 2024, reporting revenues of $2.65M, a rise from $2.46M in Q1 2023. The gross profit slightly increased to $1.11M from $1.09M, while the gross profit margin dropped to 42% from 44%. Non-cash expenses rose significantly to $540K from $255K, and the net loss narrowed to $698K from $787K. Adjusted EBITDA loss improved to $159K from $532K. As of March 31, 2024, Kelso had $1.07M in cash, down from $1.43M on December 31, 2023. The working capital decreased to $4.02M from $5.03M. The company had no long-term debt. Kelso expects stable rail tank car deliveries in 2024 and 2025, despite pandemic challenges. The company is focused on obtaining AAR approvals for its pressure car package, potentially boosting revenue. Kelso also progresses in its ADAS technology for wilderness vehicles, aiming for a significant market share by 2025.
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