Koil Energy Solutions Reports Preliminary Q3 Revenue and Net Income Estimates
Koil Energy Solutions (KLNG) has released its preliminary financial results for the third quarter, projecting revenue to fall within the range of $9.40 million to $10.00 million. The company expects net income to be between $160,000 and $600,000, with adjusted EBITDA estimated between $700,000 and $1.20 million. In addition to the quarterly performance estimates, the company announced a successful $5.60 million private placement financing. Prior to receiving these PIPE proceeds, Koil Energy Solutions reported holding approximately $600,000 in cash and cash equivalents, significantly strengthening its liquidity position.
Tickers: $KLNG
Topics: financing net income private placement revenue guidance
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Part of the story KOIL Energy Solutions Announces $5.6 Million Private Placement and Q3 Revenue Guidance (4 articles)