KonaTel, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 04:02 pm EDT
Share
KonaTel, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 5.12 million compared to USD 2.91 million a year ago. Net loss was USD 1.48 million compared to net income of USD 0.341085 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to basic earnings per share from continuing operations of USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.04 compared to diluted earnings per share from continuing operations of USD 0.01 a year ago.
For the six months, sales was USD 9.35 million compared to USD 5.31 million a year ago. Net loss was USD 1.52 million compared to net income of USD 0.108363 million a year ago. Basic loss per share from continuing operations was USD 0.04. Diluted loss per share from continuing operations was USD 0.04.
KonaTel, Inc. is a voice/data communication holding company. The Company provides a variety of retail and wholesale telecommunications services, including mobile voice/text/data service supported by national United States mobile networks, mobile numbers, short message service and multimedia message service services, Internet of Things (IoT) mobile data service, and a range of hosted cloud services. Its segments include Hosted Services and Mobile Services. Its subsidiary, Apeiron Systems, Inc. (Apeiron), is a global cloud communications service provider employing a dynamic as a service (CPaaS/UCaaS/CCaaS/PaaS) platform. Apeiron provides voice, messaging, SD-WAN, and platform services using its national cloud network. All Apeironâs services can be accessed through interfaces and communications APIs. Its other subsidiary, Infiniti Mobile, is a wireless lifeline carrier. Infiniti Mobile provides government-subsidized cellular service to low-income American families.