Koil Energy Solutions is a leading energy services company offering subsea equipment and support services to the world’s energy and offshore industries. We provide innovative solutions to complex customer challenges presented between the production facility and the energy source. Our core services and technological solutions include distribution system installation support and engineering services, umbilical terminations, loose-tube steel flying leads, and related services. Additionally, Koil Energy’s highly experienced team can support subsea engineering, manufacturing, installation, commissioning, and maintenance projects located anywhere in the world.
Company profile
Ticker
KLNG
Exchange
Website
CEO
Ronald E. Smith
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Deep Down, Inc., MediQuip Holdings, INC, TRUE HEALTH INC
SEC CIK
Corporate docs
Subsidiaries
Koil Energy ...
IRS number
752263732
KLNG stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
27 Mar 24
8-K
Koil Energy Solutions, Inc. Announces Fourth Quarter and Full-Year 2023 Results
27 Mar 24
8-K
Koil Energy Solutions Announces CEO Transition
11 Mar 24
10-Q
2023 Q3
Quarterly report
13 Nov 23
8-K
Koil Energy Solutions, Inc. Announces Third Quarter 2023 Results
13 Nov 23
8-K
Koil Energy Solutions, Inc. Announces Second Quarter 2023 Results
8 Aug 23
10-Q
2023 Q2
Quarterly report
8 Aug 23
8-K
Koil Energy Solutions to Provide $4M of Flying Leads and Distribution Manifolds for Gulf of Mexico Operators
20 Jul 23
8-K
Entry into a Material Definitive Agreement
26 May 23
8-K
Koil Energy Solutions, Inc. Announces First Quarter 2023 Results
11 May 23
Transcripts
KLNG
Earnings call transcript
2023 Q3
13 Nov 23
KLNG
Earnings call transcript
2022 Q1
15 Aug 22
KLNG
Earnings call transcript
2022 Q2
9 Aug 22
KLNG
Earnings call transcript
2022 Q1
11 May 22
KLNG
Earnings call transcript
2021 Q4
29 Mar 22
KLNG
Earnings call transcript
2021 Q3
12 Nov 21
KLNG
Earnings call transcript
2021 Q2
17 Aug 21
KLNG
Earnings call transcript
2021 Q2
17 Aug 21
KLNG
Earnings call transcript
2021 Q1
11 May 21
KLNG
Earnings call transcript
2021 Q1
11 May 21
Latest ownership filings
3
Erik Wiik
23 Apr 24
SC 13D
Galloway Capital Partners, LLC
6 Mar 24
SC 13G/A
AEGIS FINANCIAL CORP
8 Feb 24
SC 13D
Galloway Capital Partners, LLC
27 Nov 23
4
David J. Douglas
14 Nov 23
4
Mark Carden
14 Nov 23
4
NEAL I GOLDMAN
14 Nov 23
SC 13D
MAZ Partners LP
21 Feb 23
SC 13G/A
AEGIS FINANCIAL CORP
10 Feb 23
4
Mark Carden
28 Nov 22
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.13 mm | 1.13 mm | 1.13 mm | 1.13 mm | 1.13 mm | 1.13 mm |
Cash burn (monthly) | 405.00 k | 200.83 k | 69.33 k | 167.83 k | 323.67 k | 130.67 k |
Cash used (since last report) | 2.77 mm | 1.38 mm | 475.04 k | 1.15 mm | 2.22 mm | 895.27 k |
Cash remaining | -1.64 mm | -244.02 k | 656.96 k | -17.92 k | -1.09 mm | 236.73 k |
Runway (months of cash) | -4.1 | -1.2 | 9.5 | -0.1 | -3.4 | 1.8 |
Institutional ownership, Q3 2023
6.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0.00 |
Total shares | 795.96 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
MAZ Partners | 795.96 k | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
2 Aug 23 | Goldman Neal I | Stock Options COMMON STOCK | Grant | Acquire A | No | No | 0.55 | 50,000 | 27.50 k | 250,000 |
2 Aug 23 | David J. Douglas | Stock Options COMMON STOCK | Grant | Acquire A | No | No | 0.55 | 50,000 | 27.50 k | 250,000 |
2 Aug 23 | Mark Carden | Stock Options COMMON STOCK | Grant | Acquire A | No | No | 0.55 | 50,000 | 27.50 k | 250,000 |