secwatch.observer — SEC 8-K summary
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Issuer:     KonaTel, Inc. (KTEL)
CIK:        0000845819
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001515971-24-000072
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KonaTel Q2 2024 revenue $4.3M (-5.6%); operating loss $1.3M; CA Lifeline grows
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- GAAP net loss $1.1M ($0.03/share) vs $1.2M loss year ago; non-GAAP loss $885K.
- Gross profit $900K (20.7% margin) up 16.2% YoY on higher ARPU activations.
- Cash $3.7M at June 30, 2024, up from $777K at Dec 31, 2023.
- California Lifeline reached record active lines; contracted 4 distribution partners for Asset Lite program.
- Launched wireless POTS replacement service; signed 6 wholesale MSAs for national distribution.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/845819/000151597124000072/0001515971-24-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/845819/000151597124000072/ktel8k081324.htm
  HTML page:      https://secwatch.observer/filing/0001515971-24-000072

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