earnings
confidence high
sentiment positive
materiality 0.75
KonaTel FY2021 revenue up 37% to $12.8M; GAAP net income $623K vs $239K prior year
KonaTel, Inc.
2022-Q1 EPS reported
$0.00
revenue$4,227,856
- FY2021 revenue $12.8M (+37.1% YoY); gross profit $5.7M (44.6% margin) vs $3.5M (37.8%) prior year.
- GAAP net income $623K ($0.01 diluted EPS); Non-GAAP net income $2.1M ($0.05 diluted EPS), up 153%.
- Q4 2021 revenue $3.9M (+49.6% YoY); GAAP net income $195K vs loss of $24K in prior year quarter.
- Full amortization of most intangible assets as of Dec 31, 2021 eliminates ~$850K annual amortization expense going forward.
- Appointed new management: Chuck Griffin as President/COO; Jason Welch as President of IM Telecom; Todd Murcer as EVP Finance.