KonaTel Inc. Reports <a href="https://laohu8.com/S/QTWO">Q2</a> Revenue Drop of 50.3%, Net Loss of $1.19M, EPS at $(0.03)
KonaTel, Inc. has reported its financial results for the second quarter ending June 30, 2025. The company experienced a significant decline in revenues, reporting $2.2 million, down 50.3% compared to $4.3 million in the same quarter last year. This decrease was attributed to reduced government subsidized revenues following the cancellation of the Affordable Connectivity Program, impacting activations within the Company's Mobile Services segment. The gross profit for the quarter was $550,240, a decrease of 38.8% compared to the second quarter of the previous year. KonaTel also reported a GAAP net loss of $(1,187,641), or $(0.03) per share, compared to a loss of $(1,109,697), or $(0.03) per share, in the second quarter last year. The non-GAAP net loss stood at $(942,182), or $(0.02) per diluted share, compared to $(884,571), or $(0.02) per diluted share in the previous year's second quarter. Despite the challenging financials, KonaTel's cash position remained stable at $1.5 million. The company has undertaken steps to reduce cash burn and is focusing on developing new growth initiatives. Efforts have been directed towards expanding its wholesale cloud CPaaS platform, which supports various communication services. The company anticipates additional revenues through new distribution partnerships within its government-subsidized Lifeline cellular service.
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