KonaTel Q1 revenue -61.5% to $2.2M; GAAP EPS -$0.02; 49% IM Telecom buyer withdraws

KonaTel, Inc.

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

Revenue $2.2M, down 61.5% YoY primarily from ACP program cancellation; gross margin improved to 30.1%.
GAAP net loss $(917,528) ($0.02/share) vs net income $8.1M ($0.19) in Q1 2024.
Cash $2.1M, up from $1.7M at Dec 31, 2024 due to lower AR from a significant customer.
49% IM Telecom buyer withdrew request to acquire 100%; KonaTel retains 51% controlling interest.

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