KOIL Energy Solutions Sets Date for Q4 and Full Year 2024 Earnings Release

KOIL Energy Solutions, Inc. (OTCQB: KLNG) has announced the dates for its fourth quarter and full year 2024 earnings release and conference call. The company, a specialist in deepwater production and distribution equipment and services, will report its financial results on February 20, 2025. This announcement comes at a pivotal time for the energy sector, as investors and analysts eagerly await insights into the company's performance amidst a backdrop of fluctuating oil prices and increasing demand for subsea infrastructure.



The earnings release will provide a comprehensive overview of KOIL's financial performance for the fourth quarter and the full year 2024. Key metrics to watch include revenue growth, gross profit margins, net income, and adjusted EBITDA. In the third quarter of 2024, KOIL reported a 27% year-over-year increase in revenue to $5.2 million, driven by increased fixed-price contracts for subsea distribution equipment manufacturing. Gross profit margins also saw a significant improvement, rising to 40% from 33% in the same period last year. Net income for the quarter was $523,000, a $666,000 improvement from the previous year, while adjusted EBITDA reached $675,000, up $658,000 year-over-year.

Investors will be particularly interested in how these trends have continued into the fourth quarter. The company's strong financial performance in the third quarter was underpinned by its proactive growth strategy, which has resulted in a robust pipeline of projects and contracts. For instance, KOIL recently secured a significant contract to supply Multi-Quick Connector (MQC) Plates for a project in the Gulf of Mexico, further solidifying its position in the subsea equipment market.



The conference call, scheduled for the same day as the earnings release, will offer investors and analysts the opportunity to gain deeper insights into the company's performance and future prospects. Erik Wiik, President and CEO of KOIL, will lead the call, providing an overview of the company's financial results and strategic initiatives. Investors can expect to hear about the company's expansion into new markets, such as Brazil, and its strategic alliances with industry leaders like SubseaDesign AS. These initiatives are part of KOIL's broader strategy to push the boundaries of subsea field development and capitalize on the growing demand for subsea infrastructure.

In addition to financial performance, the conference call will also address operational efficiency and growth prospects. Key metrics to watch include selling, general, and administrative expenses (SG&A), which remained steady at 30% of revenues in the third quarter. The company's working capital position, which stood at $4.9 million as of September 30, 2024, including $3.1 million in cash, will also be a focus area. This strong cash position supports the company's ability to invest in growth opportunities and manage short-term obligations.

Investors should also pay close attention to the company's contract wins and backlog, as these indicate future revenue streams. KOIL's recent contract wins, including a significant contract to supply Electrical and Hydraulic Distribution Manifolds for a project in West Africa, highlight the company's strong market position and growth prospects. These contracts are expected to contribute to future revenue growth and market share expansion.

In conclusion, KOIL Energy Solutions' upcoming earnings release and conference call provide a timely opportunity for investors to assess the company's performance and growth prospects. With a strong financial performance in the third quarter and a robust pipeline of projects, KOIL is well-positioned to capitalize on the growing demand for subsea infrastructure. Investors should closely monitor the company's financial results and strategic initiatives, as these will be key drivers of future growth and market share expansion.