KonaTel Q3 operating loss narrows

Reuters

Nov 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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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. 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