KonaTel FY2024 revenue $15.5M (-15% YoY); GAAP net income $4.5M on IM Telecom sale

KonaTel, Inc.

2025-Q1 EPS reported -$0.02 revenue$2,168,714

FY2024 revenue $15.5M vs $18.2M in 2023 due to ACP cancellation reducing Mobile Services activations.
GAAP net income $4.5M ($0.10/diluted share) includes IM Telecom 49% sale gain; non-GAAP net loss $3.3M.
Q4 2024 revenue $2.4M (-51.5% YoY) but gross margin improved to 28.5% from 6.8%.
Cash rose to $1.7M from $777k; all long-term debt paid down; net working capital $2.0M.
Expanding wholesale SMS (monthly revenue from $20k to $110k) and new POTS service with 35,000+ lines under agreement.

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