Highest-materiality recent filing
KonaTel FY2025 revenue falls 45% to $8.5M, swings to GAAP net loss of $2.6M
Revenue $8.5M, down 45% vs $15.5M in FY2024 due to ACP cancellation.
KonaTel Q3 revenue down 31% to $2.2M, GAAP net loss narrows to $45k
Revenue $2.2M (down 31% YoY); gross profit $709k flat; GAAP net loss $45k vs $1.19M loss prior year.
KonaTel amends IM Telecom sale; to receive $700K holdback, drops pursuit of final closing
Parties executed First Omnibus Amendment on Sept 19, 2025; no longer pursuing FCC change of control for Final Closing.
KonaTel elects Paul LaPier as corporate Secretary, formalizing acting role
Paul LaPier, VP of Finance and acting Secretary since May 31, 2025, elected as corporate Secretary by Board on Sept 19, 2025.
KonaTel Q2 revenue down 50.3% to $2.2M; net loss $0.03/shr as ACP program ends
Revenue $2.2M vs $4.3M YoY; drop driven by cancellation of ACP Program subsidized revenues.
KonaTel Q1 revenue -61.5% to $2.2M; GAAP EPS -$0.02; 49% IM Telecom buyer withdraws
Revenue $2.2M, down 61.5% YoY primarily from ACP program cancellation; gross margin improved to 30.1%.
Independent director Jeffrey R. Pearl resigns from KonaTel board, cites lack of board meetings
Jeffrey R. Pearl resigned as Independent Director effective April 16, 2025.
KonaTel FY2024 revenue $15.5M (-15% YoY); GAAP net income $4.5M on IM Telecom sale
FY2024 revenue $15.5M vs $18.2M in 2023 due to ACP cancellation reducing Mobile Services activations.
KonaTel updates IM Telecom sale: partial holdback release, ETC expansion, ACP termination
Partial release of $150,000 from $1M holdback to IM Telecom; quarterly reviews for further releases.
KonaTel Q2 2024 revenue $4.3M (-5.6%); operating loss $1.3M; CA Lifeline grows
GAAP net loss $1.1M ($0.03/share) vs $1.2M loss year ago; non-GAAP loss $885K.
Revenue $5.6M (+40% YoY); gross profit $1.1M (20.0% margin).
KonaTel reports FY2023 revenue of $18.2M, net loss widens to $3.9M
FY2023 revenue $18.2M, down 9% from $20.0M in 2022; GAAP net loss $3.9M ($0.09/sh) vs $3.0M loss.
Initial sale of 49% interest for $10M; net proceeds of ~$3.55M after debt payoff and holdback.
KonaTel closes $5M secured credit facility with ACP Financing; up to $25M available
Non-dilutive facility with no warrants or convertibility; $1.5M funded at closing for equipment.
KonaTel enters $1.365M installment sale agreement with ACP Finance for device purchases
Initial credit of $1,365,000 under 24-month Installment Sale Agreement with ACP Financing VII LLC.
KonaTel Q3 operating income turns positive; net loss narrows to $113K
Revenue $4.7M vs $5.9M YoY; operating income $131K vs $(1.1M) loss.
KonaTel presents at Micro Cap Club Chicago; no specific financial updates disclosed
Filing includes a presentation for the Micro Cap Club Chicago event dated September 2023.
KonaTel amends note purchase agreement, adds up to $2M delayed draw notes, draws $500K
First Amendment to NPA with CCUR Holdings and Symbolic Logic allows up to $2M in delayed draw notes in $500K increments.
KonaTel Q1 2023 net loss widens to $915K; revenue down 4.6% YoY
Q1 revenue $4.0M, down 4.6% vs $4.2M year ago; gross profit $1.0M, down 39.2%.
KonaTel assigns rights to acquire Tempo Telecom to Insight Mobile for $4.5M
On April 6, 2023, KonaTel assigned its membership interest purchase agreement for Tempo Telecom to Insight Mobile for $4.5M.
KonaTel FY2022 revenue up 56% to $20M; net loss $3M vs prior net income $623K
Revenue $20.0M, +56% YoY; gross profit $5.0M, -12.9% due to customer acquisition investment.
KonaTel participates in GeoInvesting investor event; presentation attached
Participated in GeoInvesting investor event on December 3, 2022 in Plantation, Florida.
KonaTel secures $3.15M debt financing at 15% interest to fund mobile services growth
Entered $3.15M senior secured note purchase with CCUR Holdings and Symbolic Logic; one-year maturity, 15% annual interest.
KonaTel FY2021 revenue up 37% to $12.8M; GAAP net income $623K vs $239K prior year
FY2021 revenue $12.8M (+37.1% YoY); gross profit $5.7M (44.6% margin) vs $3.5M (37.8%) prior year.
KonaTel appoints Murcer as EVP/Secretary, Welch as IM Telecom President
Paul LaPier resigned as EVP of Finance and Secretary effective Feb 4, 2022.
KonaTel EVP of Finance Paul LaPier resigns; B. Todd Murcer appointed as successor
Paul LaPier resigned as EVP of Finance and Secretary effective Feb 4, 2022.
D. Sean McEwen resigns as President effective Jan 1, 2022; remains Chairman and CEO.
KonaTel names Chuck Griffin President and COO effective Jan 1, 2022
Chuck Griffin appointed President and COO, effective January 1, 2022.
After seven years of loyal and professional service as a KonaTel Independent Director, Mr. Jeffrey R. Pearl has elected to step down from his seat on the Board of Directors, effective April 16, 2025.
Additionally, Jason N. Welch was elected as the President of IM Telecom, and we entered into an Employment Agreement with Mr. Welch dated February 2, 2022, which was effective February 14, 2022
Also effective February 4, 2022, B. Todd Murcer was elected as our Executive Vice President and Secretary, and we entered into an Employment Agreement with Mr. Murcer that was effective January 24, 2022
Effective February 4, 2022, which is the date of this Current Report, Paul LaPier resigned as our Executive Vice President of Finance and Secretary of the Company.
Also effective February 4, 2022, B. Todd Murcer was elected as our Executive Vice President and Secretary
Effective February 4, 2022, which is the date of this Current Report, Paul LaPier resigned as our Executive Vice President of Finance and Secretary of the Company.
Effective January 1, 2022, D. Sean McEwen, our President, CEO and Chairman of the Board of Directors resigned as President and continues to serve as our Chairman and CEO
Also effective January 1, 2022, Charles D. Griffin was elected as our President and Chief Operating Officer (the “COO”)
Max materiality 0.80 · Median 0.62 · Most common event earnings