Konatel, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
April 06, 2021 at 04:57 pm EDT
Share
KonaTel, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was USD 9.358 million compared to USD 9.173 million a year ago. Operating loss was USD 360,019 compared to USD 1.645 million a year ago. Net income was USD 238,618 compared to net loss of USD 1.584 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 0.04 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.