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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
Tel: N/A
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
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