Q4 2025 Koil Energy Solutions Inc Earnings Call Transcript
Key Points
- Koil Energy Solutions Inc (KLNG) achieved a 22% year-over-year increase in quarterly revenue for Q4 2025.
- The company reported a 14% sequential growth in revenue from Q3 to Q4 2025.
- Service revenue saw a significant 45% increase for the full year 2025.
- Koil Energy Solutions Inc (KLNG) secured several significant contracts, including projects in the Gulf of America and subsea isolation valve systems.
- The company is expanding its international presence, with operations in Brazil and increased bidding activity in South America, the North Sea, and Africa.
- Adjusted EBITDA for 2025 was $1 million, down from $3.5 million in 2024, due to growth-related investments.
- Net income for Q4 2025 decreased to $370,000 from $541,000 in Q4 2024, impacted by higher SG&A expenses.
- Gross margin for the full year 2025 decreased to 33% from 39% in 2024, due to increased direct overhead and lower labor utilization.
- The company experienced a $570,000 receivable write-down, which is being pursued through legal action.
- Working capital decreased to $4.8 million at the end of 2025 from $5.7 million at the end of 2024, primarily due to timing of billing and collections.
Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Koil Energy's fourth-quarter and full-year 2025 conference call. (Operator Instructions) As a reminder, this call is being recorded today, Tuesday, March 31, 2026.
A detailed disclaimer related to Koil Energy's forward-looking statements is included in the press release issued Monday morning and filed with the SEC. It is also available on the company's website, koilenergy.com, or upon request.
A reconciliation of non-GAAP financial measures used in the press release and on today's call is included in the press release and on the website. Listeners are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Koil Energy also undertakes no obligation to revise any of its forward-looking statements to reflect events or circumstances after the date made.
At this time, I'd like to turn the call over to CEO, Erik Wiik.
Good morning,
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