Mike Travel's questions to Koil Energy Solutions (KLNG) leadership • Q3 2024
Question
The analyst asked about the company's policy on reporting backlog, the geographic scope of the 80 projects being pursued, and the reasons for the increased business opportunities.
Answer
The executive stated that reporting backlog is under consideration for the future but is not currently a meaningful metric due to the mix of project types. The 80 potential projects are worldwide, and the increased opportunities stem from a multi-faceted growth strategy that includes deepening relationships with existing clients, technology improvements, and expansion into new international markets like South America.