secwatch.observer — SEC 8-K summary
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Issuer:     KonaTel, Inc. (KTEL)
CIK:        0000845819
Form:       8-K
Filed at:   2022-04-18T23:59:59+00:00
Accession:  0001010412-22-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KonaTel FY2021 revenue up 37% to $12.8M; GAAP net income $623K vs $239K prior year
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/845819/000101041222000015/0001010412-22-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/845819/000101041222000015/8k_konatel.htm
  HTML page:      https://secwatch.observer/filing/0001010412-22-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer