KonaTel, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 09:10 pm
Share
KonaTel, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 5.88 million compared to USD 3.61 million a year ago. Net loss was USD 1.35 million compared to net income of USD 0.319836 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to basic earnings per share from continuing operations of USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to diluted earnings per share from continuing operations of USD 0.01 a year ago.
For the nine months, sales was USD 15.23 million compared to USD 8.92 million a year ago. Net loss was USD 2.87 million compared to net income of USD 0.428199 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to basic earnings per share from continuing operations of USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.07 compared to diluted earnings per share from continuing operations of USD 0.01 a year ago.
KonaTel, Inc. is a voice/data communication holding company. The Company provides a variety of retail and wholesale telecommunications services, including mobile voice/text/data service supported by national United States mobile networks, mobile numbers, short message service and multimedia message service services, Internet of Things (IoT) mobile data service, and a range of hosted cloud services. Its segments include Hosted Services and Mobile Services. Its subsidiary, Apeiron Systems, Inc. (Apeiron), is a global cloud communications service provider employing a dynamic as a service (CPaaS/UCaaS/CCaaS/PaaS) platform. Apeiron provides voice, messaging, SD-WAN, and platform services using its national cloud network. All Apeironâs services can be accessed through interfaces and communications APIs. Its other subsidiary, Infiniti Mobile, is a wireless lifeline carrier. Infiniti Mobile provides government-subsidized cellular service to low-income American families.