Kelso Technologies management commentary attributes Q3 2026 revenue weakness to lower North American tank car deliveries
Bitget2026/11/06 11:11- Kelso Technologies management commentary attributed third-quarter 2026 revenue of USD 1.76 million to reduced North American tank car deliveries.
- Nine-month revenue totaled USD 5.75 million, with gross profit of USD 1.91 million.
- Gross margins reached 30% for the quarter versus 33% over nine months, despite lower volumes against a substantially fixed cost base.
- Quarterly operating expenses excluding foreign exchange and noncash share-based expenses fell 8% year over year to USD 954,240, reflecting cost-management measures.
- The new K2AV angle valve received full production clearance for commercial manufacturing and sales across North America.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Blackstone (BX.US) injects up to $1.5 billion, providing fresh ammunition for Pfizer (PFE.US) in the weight-loss drug race
Pfizer announced on Wednesday that it has reached an agreement with Blackstone to obtain up to $1.5 billions in funding to support the development of its experimental monthly obesity treatment drug.
Bernstein Downgrades Nvidia Rating and Target Price
Google (GOOGL.US) DeepMind launches AlphaGenome 2: Capable of decoding DNA cells with nearly double the mutation identification capacity
Google DeepMind has released its AI model AlphaGenome 2, which is trained on maps of over 100 millions of cells and has nearly double the ability of its predecessor in identifying gene expression variations.
The White House did not intervene in the decision-making of Nvidia's board of directors.
Crypto prices
More
