earnings
confidence high
sentiment negative
materiality 0.65
KonaTel Q1 2023 net loss widens to $915K; revenue down 4.6% YoY
KonaTel, Inc.
2023-Q1 EPS reported
-$0.02
revenue$4,031,719
- Q1 revenue $4.0M, down 4.6% vs $4.2M year ago; gross profit $1.0M, down 39.2%.
- GAAP net loss $(915K) or $(0.02)/share vs $(44K) or $(0.00); operating loss $(753K) vs income $51K.
- Non-GAAP net loss $(608K) or $(0.01)/share vs income $135K or $0.00.
- Cash $1.6M vs $2.1M at Dec 31, 2022; CEO says subscriber activations up 50% QoQ.
- Customer acquisition costs and lower ACP reimbursement rate impacted margins.