Kelso Q1 net income swings to loss of USD 430,987; revenue drops 45% to USD 1.75 million

Kelso Technologies reported Q1 2026 net loss of USD 430,987, swinging from net profit in the prior-year quarter, as revenue fell 45% to USD 1.75 million.
Gross profit margin narrowed 8 percentage points to 37%, while gross profit dropped to USD 651,733.
Adjusted EBITDA turned to a loss of USD 439,138 from positive in Q1 2025.
Cash ended quarter at USD 209,459, with working capital of USD 2.14 million and USD 750,000 available on its USD 1 million revolving line of credit.
Board appointed Jesse Crews CEO effective April 16, 2026, while management reiterated focus on cost discipline and commercial launch of new Angle Valve as it positions for expected tank car build recovery in 2027-2028.

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