Koil Energy Solutions Inc
For the period ended Mar 27, 2024. Filed Mar 27, 2024.
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Mar 27, 2024 · Filed Mar 27, 2024
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Contents
EX-99.1 · Modified EBITDA:
Modified EBITDA:
| Three Months Ended December 31, | Year Ended December 31, | |||
|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |
| (In thousands) | ||||
| Net loss | $(881) | $(1,262) | $(1,554) | $(2,928) |
| (Deduct) Add: Interest (income) expense, net | (4) | 5 | (7) | 15 |
| (Deduct) Add: Income tax expense (benefit) | (3) | (19) | 5 | – |
| Add: Depreciation and amortization | 144 | 152 | 605 | 682 |
| Add: Share-based compensation | 15 | 19 | 64 | 90 |
| Add: Operating lease ROU asset impairment | – | 820 | – | 820 |
| Add: Relocation costs | – | 213 | 9 | 504 |
| Deduct: Gain on sale of asset | (2) | 1 | (4) | (40) |
| Deduct: Reversal of litigation accrual | – | – | – | (100) |
| Modified EBITDA | $(731) | $(71) | $(882) | $(957) |
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