QSEPOTCOil & Gas Field Machinery & EquipmentUS GAAP · USD

QS Energy, Inc.

QS Energy, Inc. develops and commercializes AOT, a pipeline flow-assurance technology designed to improve crude oil transport by reducing viscosity and helping operators move more barrels through existing and new pipelines. The company is organized around product development, third-party manufacturing, and commercialization through distributors and strategic partners, with an initial focus on oil and gas pipeline applications in the United States and selected international markets.

Liikevaihto0,0milj. USD
Liikevoitto (EBIT)−14,9milj. USD
−846,9 %v/v
Nettotulos−15,3milj. USD
−691,4 %v/v
Vapaa kassavirta−4,0milj. USD
−242,9 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−15−10−50milj. USD2020: 0,00 milj. USD2020: EBIT −1,8 milj. USD20202021: 0,00 milj. USD2021: EBIT −1,2 milj. USD20212022: 0,00 milj. USD2022: EBIT −1,3 milj. USD20222023: 0,00 milj. USD2023: EBIT −0,89 milj. USD20232024: 0,00 milj. USD2024: EBIT −1,6 milj. USD20242025: 0,00 milj. USD2025: EBIT −15 milj. USD20250,00−15
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
AOT hardware systems60 %

Physical AOT units and related equipment used on crude oil pipelines.

Product leasing15 %

Lease arrangements for AOT units placed with pipeline customers or distributors.

Commercial deployment services15 %

Deployment planning, installation coordination, and field support for AOT projects.

Technology licensing and collaboration10 %

Partner-led commercialization and collaboration agreements around AOT use.

Asiakkaat

QS Energy sells to crude oil pipeline operators and related energy industry counterparties that want to improve flow rates, reduce diluent use, and lower operating emissions. Its commercialization model also depends on distributors, strategic partners, and customer-side financial institutions that help structure deployments and payment terms. The company’s end markets are pipeline gathering and transmission systems, especially where operators are evaluating new flow-assurance technologies.

Crude oil pipeline operators

Buy or lease AOT systems to improve flow assurance and transport more barrels through existing pipelines.

Pipeline owners and midstream operators

Use AOT to support gathering and transmission networks where viscosity reduction can improve economics.

Distributors and channel partners

Promote, sell, and lease AOT units into target territories and help open customer relationships.

Strategic project counterparties

Collaborate on pilot deployments, commercial terms, and installation planning for specific pipeline networks.

Strategia

QS Energy’s strategy is to commercialize AOT through partner-led deployments, starting with targeted pipeline customers and distributor relationships rather than building a capital-intensive direct sales and manufacturing footprint. The company is also focused on proving the technology in real operating environments so that customer adoption can expand from pilot and initial deployments into broader commercial use.

Secure definitive customer contractsLyhyt aikaväli

Commercial revenue depends on signed deployment agreements with pipeline operators.

Complete initial AOT deploymentsLyhyt aikaväli

Field installations are needed to demonstrate operating efficacy and support wider adoption.

Scale through third-party manufacturingKeskipitkä aikaväli

Outsourced production reduces fixed capital needs and allows capacity to expand with demand.

Maantiede

QS Energy is headquartered in the United States, where it develops its technology and manages corporate operations. Commercial activity is oriented toward pipeline customers in North America and selected international territories, including Malaysia, Ghana, and India through its distributor relationship, with additional engagement in Southeast Asia. Geography matters because deployment depends on local pipeline operators, partner networks, and country-specific commercial approvals.

Riskit

QS Energy’s business depends on converting technical interest into signed contracts, so delays or failures in customer adoption can materially slow commercialization. The company also faces execution risk around manufacturing readiness, partner coordination, and the ability to fund ongoing development until a revenue base is established. As an oilfield equipment company, it is also exposed to customer capex cycles, regulatory requirements, and the risk that competing flow-assurance solutions prove more practical or economical.

Järjestetty vakavuuden mukaan
No signed customer deployment contractsKorkea

The company has described interest and progress, but commercialization still depends on executed agreements.

Kohdistuu: AOT sales and leasing revenue

Partner and distributor execution riskKorkea

The business relies on VIPS and other collaborators to reach customers and coordinate deployment steps.

Kohdistuu: International commercialization

Capital dependence before revenue scaleKorkea

Development, sales, and operating costs must be funded before recurring product revenue is established.

Kohdistuu: Liquidity and operating continuity

Technology adoption and field-performance riskKeskitaso

Pipeline operators may require proof that AOT delivers expected flow and emissions benefits.

Kohdistuu: Customer acceptance and repeat orders

Kirjanpito

Harkinnanvaraiset erät
Stock-based compensation

Options and warrants are issued for services and financing costs, affecting reported expenses and equity.

Vaikutus: Operating expense and dilution

Convertible debt and financing instruments

Debt and warrant features can require separate accounting and influence interest and financing expense.

Vaikutus: Interest expense and balance sheet classification

Useful-life and asset valuation estimates

Management uses estimates for asset lives and carrying values, which can affect depreciation and impairment risk.

Vaikutus: Asset values and periodic expense

Revenue recognition for future deployments

Any AOT sales, leases, or service contracts will require careful timing of revenue recognition.

Vaikutus: Reported revenue and gross margin timing

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Päivitetty: 24.9.2026