KonaTel Q3 operating loss narrows

Reuters
11/21
KonaTel Q3 operating loss narrows

Overview

  • KonaTel Q3 revenue falls 31% yr/yr due to fewer mobile activations and program closure

  • Operating loss narrows significantly from last year's Q3

Outlook

  • KonaTel focuses on expanding CPaaS business and wireless POTS service

  • Company expects wireless POTS demand to grow as copper-line infrastructure decommissioned

  • KonaTel sees accelerated customer adoption of Lifeline service through healthcare partner

Result Drivers

  • MOBILE SERVICES DECLINE - Revenue decrease attributed to fewer activations in Mobile Services and closure of ACP Program

  • COST REDUCTION - Reduction of $600,000 in annualized recurring expenses through trimming Lifeline costs

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$2.20 mln

Press Release: ID:nACStMcZva

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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