Kelso Technologies Inc. FY23 EPS $(0.04) Vs $(0.02) YoY; Revenue $10.82M Vs $10.93M YoY
Portfolio Pulse from Benzinga Newsdesk
Kelso Technologies Inc. reported a fiscal year 2023 EPS of $(0.04), compared to $(0.02) in the previous year, with revenue slightly decreasing to $10.82M from $10.93M. The company experienced a decrease in gross profit and working capital, alongside a reduction in total and net assets. Adjusted EBITDA also moved to a larger loss of $(845,487) from $(83,575) in 2022. Despite these challenges, Kelso maintains a position with no interest-bearing long-term liabilities or debt.
March 26, 2024 | 1:04 pm
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Kelso Technologies Inc. (KIQ) reported a decrease in EPS and revenue for FY23, alongside a reduction in gross profit, working capital, and total assets.
The reported decrease in EPS and revenue, along with a reduction in gross profit and working capital, indicates financial challenges for Kelso Technologies. These factors are likely to negatively impact investor sentiment and the stock price in the short term. However, the absence of long-term debt provides a silver lining, suggesting some level of financial stability.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100