secwatch.observer — SEC 8-K summary
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Issuer:     KonaTel, Inc. (KTEL)
CIK:        0000845819
Form:       8-K
Filed at:   2025-05-16T23:59:59+00:00
Accession:  0001515971-25-000057
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/845819/000151597125000057/0001515971-25-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/845819/000151597125000057/ktel8k051525.htm
  HTML page:      https://secwatch.observer/filing/0001515971-25-000057

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