Earnings ·
Reports Q3 loss of $454,901 on $1.76M revenue as AAR approves new angle valve
KIQSFKelso Technologies Inc
Kelso Technologies Inc. reported a net loss of $454,901 for the quarter ended September 30, 2026, compared to a net income of $182,851 in the prior-year period. Third-quarter revenue declined to $1,756,751 from $2,808,144, reflecting an industry-wide slowdown in North American tank car deliveries. Gross profit was $531,995, representing a 30% margin. The company announced it received full production approval from the Association of American Railroads for its new 2-inch angle valve (K2AV), which completes the Kelso Pressure Car Kit and is expected to positively impact revenue beginning in fiscal 2027. Operating expenses before foreign exchange and non-cash share-based expense declined for a third consecutive quarter to $954,240. The company maintains a clean capital structure with no term debt and $500,000 drawn on its revolving credit facility. Kelso Technologies Inc. is a transportation equipment company that specializes in the creation, production, sales and distribution of proprietary products used in rail and automotive transportation.