---
schema_version: "secwatch.filing_event.v1"
accession: "0001515971-24-000036"
form_type: "8-K"
ticker: "KTEL"
cik: "0000845819"
company_name: "KonaTel, Inc."
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T05:05:15.457081+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# KonaTel reports FY2023 revenue of $18.2M, net loss widens to $3.9M

## Summary
- FY2023 revenue $18.2M, down 9% from $20.0M in 2022; GAAP net loss $3.9M ($0.09/sh) vs $3.0M loss.
- Non-GAAP net loss $2.9M ($0.07/sh) vs $1.8M loss; cash fell to $777K from $2.1M.
- Q4 revenue up 2.3% to $4.9M but gross margin collapsed to 6.8% due to higher customer acquisition costs.
- CEO cites transition to higher-margin subsidized mobile; added 8 new Lifeline states in Q1 2024.
- Apeiron subsidiary secured 5-year exclusive Viva-US wholesale deal and Altigen agreement for recurring revenue.

## SEC filing metadata
- accession: 0001515971-24-000036
- form_type: 8-K
- ticker: KTEL
- cik: 0000845819
- company_name: KonaTel, Inc.
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/845819/000151597124000036/0001515971-24-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/845819/000151597124000036/ktel8k040124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001515971-24-000036
- JSON: https://secwatch.observer/filing/0001515971-24-000036.json
- Plain text: https://secwatch.observer/filing/0001515971-24-000036.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.