Koil Energy Solutions, Inc. financial data

Symbol
KLNG on OTC
Industry
Oil & Gas Field Machinery & Equipment
Location
1310 Rankin Road, Houston, TX
State of incorporation
Nevada
Fiscal year end
December 31
Former names
Deep Down, Inc. (to 2/21/2023), MediQuip Holdings, INC (to 12/20/2006), TRUE HEALTH INC (to 4/10/2006)
Latest financial report
10-Q - Q2 2024 - Aug 5, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 163 % -25.2%
Quick Ratio 7.3 % +20.6%
Debt-to-equity 180 % +34.3%
Return On Equity 8.39 %
Return On Assets 3 %
Operating Margin -24.6 % -1043%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 12.2M shares +2.52%
Entity Public Float 4.28M USD -40.1%
Common Stock, Value, Issued 16K USD 0%
Weighted Average Number of Shares Outstanding, Basic 12.2M shares +2.52%
Weighted Average Number of Shares Outstanding, Diluted 12.3M shares +3.28%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 5.78M USD +64.7%
Revenue from Contract with Customer, Excluding Assessed Tax 19.7M USD +64.7%
Cost of Revenue 9.27M USD -3%
Costs and Expenses 4.8M USD +22.1%
Operating Income (Loss) 457K USD
Nonoperating Income (Expense) 57K USD -92.6%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 541K USD
Income Tax Expense (Benefit) 5K USD -50%
Net Income (Loss) Attributable to Parent 536K USD
Earnings Per Share, Basic 0.05 USD/shares
Earnings Per Share, Diluted 0.05 USD/shares

Balance Sheet

Label TTM Value / Value Unit Change %
Accounts Receivable, after Allowance for Credit Loss, Current 5.49M USD +49.9%
Inventory, Net 460K USD +136%
Assets, Current 10.3M USD +39.5%
Property, Plant and Equipment, Net 2.76M USD -10.6%
Operating Lease, Right-of-Use Asset 5.62M USD -5.81%
Intangible Assets, Net (Excluding Goodwill) 68K USD -8.11%
Other Assets, Noncurrent 213K USD -5.75%
Assets 19M USD +13.6%
Accrued Liabilities, Current 100K USD
Contract with Customer, Liability, Current 2.39M USD +154%
Liabilities, Current 5.88M USD +53.9%
Operating Lease, Liability, Noncurrent 5.87M USD -6.67%
Liabilities 11.8M USD +16.5%
Retained Earnings (Accumulated Deficit) -63.5M USD +0.84%
Stockholders' Equity Attributable to Parent 7.23M USD +9.26%
Liabilities and Equity 19M USD +13.6%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -307K USD +54.5%
Net Cash Provided by (Used in) Financing Activities 265K USD
Net Cash Provided by (Used in) Investing Activities -10K USD +87.2%
Common Stock, Shares Authorized 24.5M shares 0%
Common Stock, Shares, Issued 15.9M shares 0%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1.46M USD -37.8%
Deferred Tax Assets, Valuation Allowance 7.55M USD +4.3%
Deferred Tax Assets, Gross 8.91M USD +2.09%
Operating Lease, Liability 6.38M USD -14.8%
Depreciation 149K USD +17.3%
Payments to Acquire Property, Plant, and Equipment 10K USD -87.3%
Lessee, Operating Lease, Liability, to be Paid 8.8M USD -15.6%
Property, Plant and Equipment, Gross 8.28M USD +1.22%
Operating Lease, Liability, Current 509K USD -57.4%
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.01M USD +3.58%
Lessee, Operating Lease, Liability, to be Paid, Year One 1M USD -42.2%
Operating Lease, Weighted Average Discount Rate, Percent 0.08 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 2.42M USD -17.9%
Lessee, Operating Lease, Liability, to be Paid, Year Three 1.03M USD +4.25%
Lessee, Operating Lease, Liability, to be Paid, Year Four 1.05M USD +4.27%
Additional Paid in Capital 73.7M USD -0.12%
Depreciation, Depletion and Amortization 102K USD -56%
Deferred Tax Assets, Net of Valuation Allowance 1.36M USD -8.65%
Share-based Payment Arrangement, Expense 5K USD
Interest Expense -24K USD -285%