secwatch.observer — SEC 8-K summary
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Issuer:     KonaTel, Inc. (KTEL)
CIK:        0000845819
Form:       8-K
Filed at:   2025-04-16T23:59:59+00:00
Accession:  0001515971-25-000043
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/845819/000151597125000043/0001515971-25-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/845819/000151597125000043/ktel8k041525.htm
  HTML page:      https://secwatch.observer/filing/0001515971-25-000043

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