DEEP DOWN INC. DPDW overview

Revenues of $5.8 million increased 56% year-over-year Gross profit of $2.0 million increased 24% year-over-year Net income of $0.6 million increased $0.7 million year-over-year Adjusted EBITDA of $0.7 million increased $0.6 million year-over-year First delivery of our new 20,000 psi multi-quick-connect plate for application in deepwater Gulf of Mexico HOUSTON, May 06, 2024 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG) (“KOIL”, or the “Company”), a specialist in deepwater...

HOUSTON, April 24, 2024 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB: KLNG), an international specialist in subsea equipment and services, today announces the award of a significant contract for a Subsea Safety Control System from a major international energy company. The multi-million-dollar contract encompasses the engineering, procurement, manufacturing, installation and testing of KOIL’s robust and well proven technical solution for Subsea Safety Control Systems. Erik Wiik, the...

HOUSTON, March 27, 2024 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG) (“Koil Energy” or the “Company”), a specialist in deepwater production and distribution equipment and services, today reported results for the year ended December 31, 2023. Koil Energy at a Glance: Share Price†: $0.55 Cash*: $2.0M 52-Week Range†: $0.42 - $0.70 Book Value*: $5.6M Shares Out.†: 11.9M Price / Book Value: 1.2x Market Cap†: $6.5M TTM Revenue: $15.3M *As of 12/31/23; †As of 03/26/24...

HOUSTON, March 11, 2024 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG), an international specialist in subsea energy equipment and services, today announced the resignation of its President, CEO and CFO, Mr. Charles Njuguna due to a family health matter. Mr. Njuguna has also resigned as a member of the Company’s Board of Directors (“Board”). Mr. Njuguna will stay on through March 31, 2024 and oversee the 2023 fiscal year-end audit and financial reporting. In connection with...

HOUSTON, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG), an international specialist in subsea energy equipment and services, today announced the acquisition of a significant order for a groundbreaking design of steel tube flying leads of extended lengths directly from an operator. The multi-million-dollar contract encompasses the comprehensive design, engineering and manufacturing of several 1,000+ ft. flying leads tailored for a unique application in the Gulf of...

HOUSTON, Nov. 10, 2023 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG) has rescheduled its investor conference call to discuss its third quarter 2023 results to Monday, November 13, 2023 at 10:00 am Eastern Time (call details below). Call Dial-in: Toll Free: 1-833-630-1956 Toll/International: 1-412-317-1837 Please ask to join the Koil Energy Solutions call. Webcast URL: https://edge.media-server.com/mmc/p/24vftbx6 A replay will be available through November 27, 2023 on our website,...

HOUSTON, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG) (“Koil Energy” or the “Company”), a specialist in deepwater production and distribution equipment and services, today reported results for the quarter ended September 30, 2023. Koil Energy at a Glance: Share Price†: $0.45 Cash*: $1.1M 52-Week Range†: $0.42 - $0.72 Book Value*: $6.5M Shares Out.†: 11.9M Price / Book Value: 0.8x Market Cap†: $5.4M TTM Revenue: $15.0M *As of 09/30/23; †As of...

HOUSTON, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG), a specialist in deepwater energy production and distribution equipment and services, announced today that it will host an investor conference call to review its third quarter 2023 results on Friday, November 10, 2023 at 10:00 am Eastern Time (call details below). Koil Energy will release its third quarter 2023 results on Thursday, November 9, 2023 following the market close. Call Dial-in: Toll Free:...