09:24 AM EDT, 03/26/2024 (MT Newswires) -- Kelso Technologies Inc. ( KIQ ) on Tuesday reported a fourth-quarter net loss of US$201,916 ($273,694.11), or US$0.02 per basic share, narrower than a loss of US$420,316, or US$0.00 per basic share, a year earlier.

Revenue for the quarter ended Dec. 31, 2023, was US$3.1 million, up from US$2.4 million a year earlier.

Adjusted EBITDA for Q4 was US$16.7 million, as compared with a loss of US$335,682 a year earlier.

As at Dec. 31, 2023, the company had cash on deposit of US$1.4 million, accounts receivable of about US$1.1 million, prepaid expenses of US$134,349, and inventory of roughly US$3.4 million, as compared with cash on deposit of US$2.7 million, accounts receivable of about US$1.4 million, prepaid expenses of US$92,768 and inventory of about US$4.1 million as at Dec. 31, 2022.