Welcome to our dedicated page for Kelso Technologies news (Ticker: KIQ), a resource for investors and traders seeking the latest updates and insights on Kelso Technologies stock.
Kelso Technologies Inc. (KIQ) delivers critical safety solutions for the railway industry through patented equipment and engineering expertise. This news hub provides investors and industry professionals with authoritative updates on operational developments, regulatory milestones, and strategic initiatives.
Access consolidated coverage of earnings announcements, product innovations, and industry partnerships. Our repository includes verified press releases about AAR-certified equipment launches, operational efficiency improvements, and market expansion efforts within the rail safety sector.
Bookmark this page for streamlined tracking of Kelso's progress in developing pressure relief systems, manway technologies, and other safety-critical components. Regular updates ensure you stay informed about the company's role in advancing transportation safety standards across North America.
Kelso Technologies, operating under the stock symbol KIQ, reported its audited financial results for the year ended December 31, 2022. Revenues increased to $10.93 million, up from $7.43 million in 2021, while gross profit rose to $4.91 million with a gross profit margin of 45%. Despite these gains, the company posted a net loss of $1.36 million, improving from a $2.76 million loss the previous year. The company’s working capital stood at $7.00 million, showing a decrease from $8.67 million in 2021. Management remains optimistic about future growth in both rail and automotive sectors, capitalizing on the recovery of the tank car market and ongoing R&D efforts.
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