KOIL Energy Solutions Reports Q1 2023 Net Loss of $97,000
Revenue for the First Quarter of 2023 Stands at $3.72 Million
By USInMinutes
Published - Jul 24, 2023, 06:00 AM ET
Last Updated - Jul 24, 2023, 06:00 AM EDT
KOIL Energy Solutions, Inc.,(KLNG) a leading player in the energy so lutions industry, has released its unaudited condensed consolidated financial statements for the first quarter ended March 31, 2023. The company reported a net loss of $97,000 during this period, compared to a net loss of $264,000 in the same quarter of the previous year.
During Q1 2023, KOIL Energy Solutions recorded total revenue of $3.72 million, indicating a steady performance in its core business activities despite challenges faced by the industry.
