Earnings ·
Kelso Technologies Inc. reported unaudited financial results for the six months ended June 30, 2026, recording a net…
KIQSFKelso Technologies Inc
Kelso Technologies Inc. reported unaudited financial results for the six months ended June 30, 2026, recording a net loss of $757,958 compared to a net income of $575,688 in the prior year period. Second-quarter revenue increased 28% sequentially to $2,245,498, though gross margins contracted to 32.3% from 40.7% in the prior year quarter due to a shift toward lower-margin products. The company drew $350,000 on its revolving credit facility, leaving $650,000 available, while cash balances declined to $372,684. Management completed a senior leadership transition in April 2026, installing Jesse Crews as CEO, and settled $80,000 in restricted share unit obligations by issuing 800,000 common shares. The company operates in the rail tank car equipment industry, specializing in the research, development, and distribution of proprietary valves and securement systems.