Overview
Koil Energy Q3 revenue grows 22% yr/yr to $6.4 mln
Adjusted EBITDA margin at -3% due to receivable write-off
Company expands into renewables, secures first contracts in Brazil
Outlook
Company remains confident in delivering long-term growth strategy
Koil Energy sees potential profit upside from receivable collection
Company is increasing project contingencies to manage cost volatility
Result Drivers
SERVICE REVENUE GROWTH - Service revenue increased by 33% driven by strong order intake
RENEWABLES EXPANSION - Successful entry into renewables with subsea power cable project
BRAZIL CONTRACTS - First contracts in Brazil secured, including maintenance and rental agreements
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | $6.37 mln | ||
Q3 Net Income | -$413,000 | ||
Q3 Basic EPS | -$0.03 | ||
Q3 Operating Income | -$462,000 | ||
Q3 Pretax Profit | -$405,000 |
Press Release: ID:nGNXbpDchh
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)