Kelso Technologies Inc. (KLS.TO) on Wednesday reported moving to profit from continuing operations in the third quarter, mainly backed by increased revenue.
For the third quarter, a Profit from continuing operations was $187,119 versus a loss of $85,208 a year ago.
On a per-share basis, the company reported breakeven earnings from continuing operations.
Loss from discontinued operations narrowed to $95,493 from $1,191,080 in the prior year.
Adjusted EBITDA from continuing operations increased to $218,880 from $37,309 in the prior year.
Revenue climbed to $2.81 million from $2.52 million in the prior year.
Looking ahead, Kelso anticipates flat to modest sales growth in the range of 0% to 5% for FY2025 compared to 2024, with tank car production expected to decline in 2026 before rebounding in 2027.
On Wednesday, the shares had closed 4.55% lower at C$0.21 in the Toronto market.
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