secwatch.observer — SEC 8-K summary
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Issuer:     KonaTel, Inc. (KTEL)
CIK:        0000845819
Form:       8-K
Filed at:   2023-04-17T23:59:59+00:00
Accession:  0001515971-23-000050
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KonaTel FY2022 revenue up 56% to $20M; net loss $3M vs prior net income $623K
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- Revenue $20.0M, +56% YoY; gross profit $5.0M, -12.9% due to customer acquisition investment.
- GAAP net loss $(3.0)M ($(0.07)/share) vs net income $623K ($0.01/share) in 2021.
- Non-GAAP net loss $(1.8)M ($(0.04)/share) vs non-GAAP net income $2.1M ($0.05/share).
- Cash $2.1M, +120.4%; secured $3.15M capital financing to accelerate mobile services growth.
- Business highlights: Equiva Health partnership, $7.2M multi-year contract extension, expanded management.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/845819/000151597123000050/0001515971-23-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/845819/000151597123000050/ktel8k041723.htm
  HTML page:      https://secwatch.observer/filing/0001515971-23-000050

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