Recent Updates — KIQSF

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.

Kelso Technologies Inc. received full production approval from the Association of American Railroads (AAR) for its new 2-inch angle valve (K2AV). This approval completes the company's Pressure Car Kit (KPCK) portfolio, which now includes a pressure relief valve, excess flow check valve, thermometer well, needle sampling valve, magnetic gauging device, and three K2AV units per tank car. The K2AV is engineered for loading and unloading pressure tank cars carrying liquefied compressed gases such as propane, butane, propylene, and anhydrous ammonia. Management expects the approval to positively impact revenue beginning in fiscal year 2027 as commercial deliveries commence. Kelso Technologies Inc. operates in the rail transportation equipment industry, specializing in the design and manufacture of proprietary valves for safe handling of commodities during rail transport.

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.