Koil Energy Solutions Inc
For the period ended Nov 4, 2024. Filed Nov 4, 2024.
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Nov 4, 2024 · Filed Nov 4, 2024
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Contents
EX-99.1 · Adjusted EBITDA
Adjusted EBITDA
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (In thousands) | 2024 | 2023 | 2024 | 2023 |
| Net income (loss) | $523 | $(143) | $2,083 | $(673) |
| Deduct: Interest income, net | (17) | (7) | (30) | (3) |
| Add: Income tax expense | 2 | 3 | 7 | 8 |
| Add: Depreciation and amortization | 144 | 155 | 437 | 461 |
| Add: Share-based compensation | 23 | 9 | 76 | 49 |
| Add (Deduct): Loss (gain) on sale of asset | – | – | 3 | (2) |
| Add: Relocation costs | – | – | – | 9 |
| Adjusted EBITDA | $675 | $17 | $2,576 | $(151) |
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