06:39 AM EST, 02/27/2025 (MT Newswires) -- Kelso Technologies ( KIQSF ) late on Wednesday said its board approved the company's 2025 budget and that the company "is striving" for a profitable year.

For the year, sales are forecast to fall in the range of flat to 5% higher than 2024. The company expects to report revenue of $10.7 million for the 2024. Kelso said it will maintain cost discipline this year as it prepares for an anticipated upswing in new tank car builds, expected to begin in 2026.

The company is pursuing full Association of American Railroads approval for its Bottom Outlet Valve and Angle Valve. The approval is expected to open new revenue streams, especially given the higher unit value of pressure car packages.

Additionally, Kelso is undergoing a strategic reorganization that includes a comprehensive review of the KXI HD product line.