05:07 PM EDT, 08/08/2024 (MT Newswires) -- Kelso Technologies ( KIQSF ) on Thursday said its second-quarter loss widened on higher sales.

The auto and rail equipment company said it lost $544,927 in the period, compared to a loss of $1.04 million in the year-prior quarter.

The company's revenue was up 34% to $2.89 million from $2.15 million.

Kelso is undertaking a strategic reorganization with a focus on improving its financial outlook without impacting production capability.

According to the company, "there is a shift toward rail pressure cars" and the company is completing the last stages of an AAR regulatory approved rail pressure car kit in 2024 to boost sales.

The company's shares closed down $0.01 to $0.185 on the Toronto Stock Exchange