Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Kelso Technologies Inc. (T:KLS)

Business Focus: Industrial Machinery & Equipment

Sector:  Industrials Industry:  Industrial Machinery & Equipment
 
See Regulatory Filings on SEDAR
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 - KIQ X Industries Inc
Anthony J. Andrukaitis
Chief Operating Officer, Director
Amanda Smith
Vice President - Operations
Patrick Hankey
Controller
Business Overview
Kelso Technologies Inc. designs, engineers, markets, produces and distributes various pressure relief valves and manway securement systems designed to reduce the risk of environment harm due to non-accidental events in the transportation of hazardous commodities via railroad tank cars. In addition, the Company is an engineering development company specializing in service equipment used in transportation applications. The Company provides various products, including Railway Equipment, Emergency Response Kit, Fueling Valves, Equipment for Tank Trailers and KXI Suspension. The Company supplies products to the railway equipment supply industry, including Rail Tank Car Kits and Tank Car Valve Guide. Its Emergency Response Kit (ERK) was designed for first responders and hazmat teams to utilize in the event of an accident involving rail tank cars. Its Hydrau-Flo fuel filling valves provides handling and overfill protection for heavy equipment, including railroad locomotives.
Financial Overview
For the six months ended 30 June 2021, KelsoTechnologies Inc revenues decreased 59% to $3.3M. Net losstotaled $1.2M vs. income of $1M. Revenues reflect adecrease in demand for the Company's products and servicesdue to unfavorable market conditions. Net loss reflectsOffice and general increase of 10% to $1.1M (expense),Consulting and filing fees increase of 77% to $209K(expense).
Employees: 40 as of Dec 31, 2017
Reporting Currency: U.S. Dollars
Enterprise value: $53.22M as of Jun 30, 2021
Annual revenue (TTM): $7.81M as of Jun 30, 2021
EBITDA (TTM): -$3.04M as of Jun 30, 2021
Net annual income (TTM): -$4.37M as of Jun 30, 2021
Free cash flow (TTM): -$4.92M as of Jun 30, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 54,320,086 as of Jun 30, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization