06:36 AM EDT, 07/31/2025 (MT Newswires) -- Kelso Technologies ( KIQSF ) overnight Wednesday said it swung to a second-quarter profit.
The company reported net income for the three months ended June 30 of US$72,125, or breakeven per basic share from continuing operations, compared with a net loss of US$544,930, or US$0.01 per share a year earlier.
Revenue for the quarter decreased by 8.6% to US$2.64 million compared with US$2.89 million a year-ago as its main customers adopted a cautious stance in response to new tariffs in April and May. The company added that it has observed signs of improvement since the beginning of June, as the industry adjusts to current conditions.
For FY2025, the company believes that sales growth will be flat to slightly positive, ranging from 0% to 5%.
Shares of the company closed unchanged at $0.16 on Wednesday on the Toronto Stock Exchange.