---
schema_version: "secwatch.filing_event.v1"
accession: "0001515971-24-000057"
form_type: "8-K"
ticker: "KTEL"
cik: "0000845819"
company_name: "KonaTel, Inc."
filed_at: "2024-05-16T23:59:59+00:00"
generated_at: "2026-06-01T22:14:36.793110+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# KonaTel Q1 revenue up 40% to $5.6M; GAAP net income $8.1M on $9.2M gain from sale of 49% of IM Telecom

## Summary
- Revenue $5.6M (+40% YoY); gross profit $1.1M (20.0% margin).
- GAAP net income $8.1M ($0.19/diluted share) includes $9.2M gain on sale of 49% stake in IM Telecom.
- Non-GAAP net loss $(834k) ($0.02/share) vs $(608k) loss in Q1 2023.
- Cash $3.9M (up from $777k Dec 2023); all outstanding debt repaid using proceeds from IM sale.
- Pending five-year exclusive agreement to provide wholesale cellular service to Viva-USA.

## SEC filing metadata
- accession: 0001515971-24-000057
- form_type: 8-K
- ticker: KTEL
- cik: 0000845819
- company_name: KonaTel, Inc.
- filed_at: 2024-05-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/845819/000151597124000057/0001515971-24-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/845819/000151597124000057/ktel8k051524.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001515971-24-000057
- JSON: https://secwatch.observer/filing/0001515971-24-000057.json
- Plain text: https://secwatch.observer/filing/0001515971-24-000057.txt

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