secwatch.observer — SEC 8-K summary
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Issuer:     KonaTel, Inc. (KTEL)
CIK:        0000845819
Form:       8-K
Filed at:   2023-11-20T23:59:59+00:00
Accession:  0001515971-23-000159
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/845819/000151597123000159/0001515971-23-000159-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/845819/000151597123000159/ktel8k111723.htm
  HTML page:      https://secwatch.observer/filing/0001515971-23-000159

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