Kelso Technologies (TSE:KLS) has released an update.
Kelso Technologies Inc. has reported a challenging financial year for 2023, with revenues slightly down to $10.82 million from $10.93 million the previous year and a net loss of $2.1 million, steeper than the $1.35 million loss in 2022. The company’s gross profit margin has also decreased, and they experienced a decrease in working capital and total assets. Despite these setbacks, Kelso maintains a solid gross profit margin of 42% and a net equity of $8.72 million.
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