Konatel Inc. (KTEL)
OTC PINK OTC PINK Primary Summary
KonaTel Reports Second Quarter 2024 Results and California Expansion
Focus on California Lifeline and Hosted Services Expansion DALLAS, TX / ACCESSWIRE / August 14, 2024 / KonaTel, Inc. (OTCQB:KTEL) (www.konatel.com), a voice/data communications holding company, today announced financial results for the three-month period ended June 30, 2024. Second Quarter 2024 Financial Summary Revenues of $4.3 million, down 5.6% compared to the second quarter last year.
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Konatel Inc. Profile
| Technology Hardware, Storage & Peripherals Industry | Information Technology Sector | David Sean McEwen CEO | OTC PINK Exchange | 50050T100 CUSIP |
| US Country | 17 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
KonaTel, Inc. is a company operating as a mobile virtual network operator, which caters to both individual and business customers with a range of cellular products and services. The company, established in 2014 and based in Plano, Texas, functions through two main segments: Hosted Services and Mobile Services. By merging traditional mobile services with advanced cloud-based solutions, KonaTel aims to offer comprehensive telecom solutions. It markets its offerings through various channels including its website, direct sales staff, a retail presence, independent sales agents, and Independent Sales Organizations (ISOs).
Products and Services
- Hosted Services:
- Mobile Services:
This segment delivers a variety of Communications Platform as a Service (CPaaS) offerings. Services include cloud-based Interactive Voice Response systems (IVRs), voicemail, fax, call recording, and more, complemented with local, toll-free, and international phone numbers. KonaTel also provides IP network services, both public and private, alongside versatile cloud solutions such as information data dips, SD-WAN for enhanced networking, and IoT data and device management through its proprietary cloud platform.
This division focuses on retail and wholesale cellular voice, text, and data services tailored for a broad customer base. It also facilitates IoT mobile data services, catering to the growing market for connected devices. Moreover, through government partnerships, KonaTel helps distribute subsidized mobile voice and data services to low-income households, affirming the company’s commitment to wider access to technology.
