Konatel, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 19, 2020 at 08:04 pm IST
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KonaTel, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 2.257 million compared to USD 2.266 million a year ago. Operating loss was USD 91,817 compared to USD 607,616 a year ago. Net income was USD 142,049 compared to net loss of USD 604,849 a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.01 a year ago. For the half year, sales was USD 4.214 million compared to USD 4.906 million a year ago. Operating loss was USD 281,802 compared to USD 895,509 a year ago. Net income was USD 242,882 compared to net loss of USD 902,016 a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.02 a year ago.
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.
KONATEL, INC. 
