Sector: Industrials | Industry: Industrial Machinery & Equipment |
Company Contact | |
Address: | 13966 18b Ave SURREY BC V4A 8J1 |
Tel: | N/A |
Website: | https://www.kelsotech.com |
IR: | See website |
Key People | ||
James Rik Bond President, Chief Executive Officer, Director | Richard Lee Chief Financial Officer | Chris Stewart President of KIQ X Industries Inc |
Anthony J. Andrukaitis Chief Operating Officer, Director | Amanda Smith Vice President - Operations | Kathy Love Corporate Secretary |
Business Overview |
Kelso Technologies Inc. is a Canada-based diverse product engineering company. The Company specializes in the development, production and distribution of service equipment used in transportation applications. The Company is a developer and supplier of rail tank car equipment used in the handling and containment of hazardous and non-hazardous commodities during transport. The Company offers specialized rail tank car and truck tanker equipment, no-spill fuel loading systems, first responder emergency response equipment, and road-to-no-road suspension systems for motor vehicles used in rugged wilderness terrains. The Company's rail and road transport equipment includes pressure relief valves, vacuum relief valves, bottom outlet valves, pressure car pressure relief valves, pressure car angle valves, top ball valves, one-bolt manways and related equipment, emergency response equipment for hazmat first responders, and other specialty valves, parts, equipment, and services. |
Financial Overview |
For the fiscal year ended 31 December 2023, Kelso Technologies Inc revenues decreased 1% to $10.8M. Net loss increased 55% to $2.1M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Gain on revaluation of derivative warran decrease of 99% to $4K (income), Office and general increase of 9% to $2.5M (expense), Consulting increase of 45% to $461K (expense). |
Employees: | 45 as of Dec 31, 2021 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $6.99M as of Dec 31, 2023 |
Annual revenue (TTM): | $14.90M as of Dec 31, 2023 |
EBITDA (TTM): | -$0.66M as of Dec 31, 2023 |
Net annual income (TTM): | -$2.89M as of Dec 31, 2023 |
Free cash flow (TTM): | -$1.55M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 54,443,422 as of Jan 19, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |