Konatel, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 13, 2020 at 09:36 pm IST
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KonaTel, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 2.527 million compared to USD 2.346 million a year ago. Operating loss was USD 56,423 compared to USD 164,396 a year ago. Net income was USD 19,953 compared to net loss of USD 175,805 a year ago. For the nine months, sales was USD 6.741 million compared to USD 7.253 million a year ago. Operating loss was USD 338,224 compared to USD 1.059 million a year ago. Net income was USD 262,835 compared to net loss of USD 1.077 million 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 0.03 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. 
