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Kelso Technologies Inc. Financial Results for the Three Months Ended March 31, 2024
VANCOUVER, British Columbia and BONHAM, Texas, May 14, 2024 (GLOBE NEWSWIRE) -- Kelso Technologies Inc. ("Kelso" or the "Company"), (TSX:KLS), reports that it has released its unaudited consolidated interim financial statements and Management Discussion and Analysis for the three months ended March 31, 2024.
The unaudited consolidated interim financial statements were prepared in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB"). All amounts herein are expressed in United States dollars (the Company's functional currency) unless otherwise indicated.
The Company's unaudited consolidated financial statements and MD&A for the three months ended March 31, 2024 were approved by the Board of Directors on May 13, 2024.
SUMMARY OF FINANCIAL PERFORMANCE
Three months ended March 31
2024
2023
Revenues
$
2,652,604
$
2,459,958
Gross profit
$
1,109,826
$
1,086,568
Gross profit margin
42
%
44
%
Non-cash expenses
$
540,143
$
255,059
Termination settlement
$
-
$
(465,360
)
Net income (loss)
$
(698,759
)
$
(786,677
)
Basic earnings (loss) per share
$
(0.01
)