KonaTel Q3 operating income turns positive; net loss narrows to $113K

KonaTel, Inc.

2023-Q3 EPS reported -$0.05 revenue$13,322,146

Revenue $4.7M vs $5.9M YoY; operating income $131K vs $(1.1M) loss.
Gross profit $1.3M (27% margin) up 38.8% YoY from $911K (15.5%).
GAAP net loss $(113K) ($0.00/share) vs $(1.3M) ($0.03/share) YoY.
Apeiron Systems (subsidiary) signed 5-year exclusive deal with Viva-US Telecom (3M+ customers).
Cash at quarter end $1.3M, down from $2.1M at Dec 31, 2022.

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