STOCK TITAN

KOIL ENERGY SOLUTIONS INC - $KLNG STOCK NEWS

Welcome to our dedicated page for KOIL ENERGY SOLUTIONS news (Ticker: $KLNG), a resource for investors and traders seeking the latest updates and insights on KOIL ENERGY SOLUTIONS stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect KOIL ENERGY SOLUTIONS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of KOIL ENERGY SOLUTIONS's position in the market.

News
Rhea-AI Summary
KOIL Energy Solutions, Inc. (KLNG) secures a significant contract for a Subsea Safety Control System from a major international energy company, showcasing their expertise in subsea equipment and services. The multi-million-dollar contract includes engineering, procurement, manufacturing, installation, and testing of KOIL's technical solution. CEO Erik Wiik highlights the team's success in developing integrated solutions, expressing excitement to enhance the safety of the client's offshore facility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.66%
Tags
none
-
Rhea-AI Summary
Koil Energy Solutions, Inc. (KLNG) reports 18% revenue growth in 2023 but faces margin challenges. The company's Q4 2023 revenues increased to $4.0 million, with full-year revenues reaching $15.3 million. Gross profit declined due to higher materials costs, leading to a net loss of $1.6 million for 2023. Despite challenges, Koil Energy remains optimistic about offshore oil and gas market opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.22%
Tags
-
Rhea-AI Summary
Koil Energy Solutions, Inc. (KLNG) announces the resignation of President, CEO, and CFO due to a family health matter. Mr. Erik Wiik appointed as the new CEO effective April 1, 2024, bringing over three decades of energy industry experience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.33%
Tags
none
Rhea-AI Summary
Koil Energy Solutions, Inc. (KLNG) secures a multi-million-dollar contract for the design and manufacturing of extended steel tube flying leads for a unique application in the Gulf of Mexico. The company anticipates further growth as a leading player in offshore energy development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.57%
Tags
none
-
Rhea-AI Summary
Koil Energy Solutions, Inc. (KLNG) reschedules investor conference call to discuss Q3 2023 results. Call details and webcast URL provided. Replay available until November 27, 2023 on www.koilenergy.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.44%
Tags
-
Rhea-AI Summary
Koil Energy Solutions, Inc. (KLNG) reported Q3 2023 results with an 82% revenue increase driven by project activity. The company aims to drive efficiencies, preserve liquidity, and focus on core strengths to sustain growth. Financially, working capital decreased, but the company maintains access to factoring arrangement with Amegy Bank Business Credit.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.44%
Tags
Rhea-AI Summary
Koil Energy Solutions, Inc. (KLNG) to host investor conference call to review Q3 2023 results. Call details and webcast URL provided. Results to be released on November 9, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Koil Energy Solutions, Inc. reported Q2 2023 results with revenues of $3.5M, consistent with Q2 2022. Gross profit was $1.1M, operating expenses were $1.6M, and net loss was $0.4M. Working capital at June 30, 2023, was $3.5M with cash of $2.3M. Shareholders' equity was $6.6M.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary
Koil Energy Solutions, Inc. reports Q1 2023 results, with a 3% increase in revenues compared to Q1 2022. Gross profit percentage increased due to higher revenues and lower rent expenses. Net loss for Q1 2023 was $97 thousand, compared to $264 thousand in Q1 2022. Koil Energy remains in a strong financial position for continued growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
KOIL ENERGY SOLUTIONS INC

OTC:KLNG

KLNG Rankings

KLNG Stock Data

5.77M
5.31M
47.28%
15.13%
Oil and Gas Field Machinery and Equipment Manufacturing
Manufacturing
Link
United States of America
Houston