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Kelso Technologies Inc. reports developments for a transportation equipment business that creates, produces, sells and distributes proprietary products for rail and automotive transportation. The company's rail equipment business designs and supplies rail tank car valves used for the safe handling and containment of commodities during rail transport.
Recurring updates include IFRS financial results and MD&A releases, customer order activity in the tank car equipment market, cost management, product diversification, strategic partnerships and capital allocation. Company news also covers governance changes, auditor appointments and the wind-down of legacy operations as Kelso focuses its operating business around rail tank car equipment and related transportation products.
Kelso Technologies (OTC: KIQSF) reported Q1 2026 results showing transitional performance amid a cyclical downturn. Revenue was $1.75M, gross margin 37%, and net loss from continuing operations $427,070 (≈ $0.01 per share). Total assets were $5.50M, cash $209,459, and working capital $2.14M. Management completed an orderly leadership succession on April 16, 2026, continues approval work for the Angle Valve and Bottom Outlet Valve, and expects Q1 to be the operational trough with recovery beginning in Q2 and stronger builds in 2027–2028.
Kelso Technologies (OTC: KIQSF) announced a leadership transition effective April 16, 2026: Frank Busch resigned as President, CEO, and director and will remain available as an independent consultant during the transition. Jesse Crews was appointed CEO, Mark Temen became Lead Director, and Paul Cass rejoined the Board.
Office of the CEO will be supported by Amanda Smith, COO, and Sameer Uplenchwar, CFO. The Company confirmed the transition does not affect previously disclosed financial guidance or strategic direction.
Kelso Technologies (OTC: KIQSF) reported its audited FY2025 results on March 30, 2026, delivering its first profitable year since 2020 with net income $447,397 (or $547,157 excluding discontinued operations) on $10.78M revenue. The company cut total expenses by 27% to $3.99M, sustained a 41% gross margin, reduced inventory 27% to $2.21M, and expanded its line of credit to $1,000,000.
Management plans product diversification, AAR approvals for new valves, and a FY2026 focus on cost discipline and launching the Angle Valve ahead of projected tank car build growth in 2027/2028.
Kelso Technologies (OTC: KIQSF) reported third-quarter 2025 results and released interim financial statements approved November 6, 2025. Q3 net income was $182,851 (continuing ops $187,119) and revenue rose 11.3% YoY to $2.81M. Adjusted EBITDA from continuing operations was $218,880. Year-to-date expenses fell 20% ($766,486). Cash at Sept 30, 2025 was $835,098, working capital $2.89M, and common shares outstanding were 55,160,086. The company increased its line of credit to $1,000,000 and appointed CBIZ CPAs as auditor effective Oct 6, 2025. Guidance for FY2025 sales is 0%–5% growth; management expects tank car production to decline in 2026 and recover in 2027 while pursuing diversification into adjacent industrial markets.
Kelso Technologies (KIQSF) appointed CBIZ CPAs P.C. as its new public accounting firm, effective October 6, 2025, following the formal resignation of Smythe LLP effective September 25, 2025. The Audit Committee recommended CBIZ after reviewing multiple proposals and the Board approved the appointment through the next Annual General Meeting. The company sent a Notice of Change of Auditor to both firms; each provided letters agreeing with the Notice that were filed with securities regulators in British Columbia, Alberta and Ontario. The Notice and letters are available on SEDAR+ and EDGAR.