From GlobeNewswire: 2024-05-14 09:00:00

VANCOUVER, British Columbia and BONHAM, Texas–Kelso Technologies Inc. releases unaudited financial statements for the first quarter of 2024 prepared in accordance with International Financial Reporting Standards. Key figures include revenues of $2,652,604, gross profit margin of 42%, and adjusted EBITDA loss of $(158,616). The company’s working capital position was $4,023,140 as of March 31, 2024 compared to $5,026,580 at the end of 2023.

Kelso Technologies continues to focus on obtaining full AAR approvals for its rail pressure car products in 2024. The company’s outlook for the rail tank car industry remains stable, with stable deliveries in line with replacement demand levels. Despite challenges, the company aims to become the primary domestic supplier for high-quality rail tank car products with 100% “Made in USA” line.

Kelso Technologies has developed automated technologies for commercial wilderness travel to enhance safety and operational efficiency. The company filed a patent application for its Automated Traction Optimization Method for Vehicle Suspension Systems in 2023, aiming to further establish its proprietary claims and intellectual foundation for future advancements in ADAS technology.

In the automotive industry, ADAS technology is crucial for enhancing vehicle safety and efficiency by incorporating automated features. Kelso Technologies’ innovative approach aims to reduce human and technological errors in wilderness operations, addressing worker safety, ecological protection, and operational advantages. The company’s focus on advanced technologies underscores its commitment to developing cutting-edge solutions for the automotive sector.



Read more at GlobeNewswire:: Kelso Technologies Inc. Financial Results for the Three