KonaTel Reports First Quarter 2023 Results
KonaTel Reports First Quarter 2023 Results
First quarter sees increase in subscriber activity, on revenues of $4.0 million
第一季度訂戶活動增加，收入為400萬美元
DALLAS, TX / ACCESSWIRE / May 15, 2023 / KonaTel, Inc. (OTCQB:KTEL) (), a voice/data communications holding company, today announced financial results for the three-month period ended March 31, 2023.
德克薩斯州達拉斯/ACCESSWIRE/2023年5月15日/語音/數據通信控股公司Konatel，Inc.(OTCQB：KTEL)今天公佈了截至2023年3月31日的三個月的財務業績。
First Quarter 2023 Financial Summary
2023年第一季度財務摘要
- Revenues of $4.0 million, down 4.6% compared to the first quarter last year.
- Gross profit of $1.0 million, down 39.2% compared to the first quarter last year.
- Operating loss of ($753,000) compared to operating income of $51,000 in the first quarter last year.
- GAAP net loss of $(915,000), or $(0.02) per share, compared to $(44,000), or $(0.00) per share, in the first quarter last year.
- Non-GAAP net loss of $(608,000), or $(0.01) per diluted share, compared to Non-GAAP income of $135,000, or $0.00 per diluted share, in the first quarter of last year.
- 營收為400萬美元，較去年第一季度下降4.6%。
- 毛利潤為100萬美元，比去年第一季度下降39.2%。
- 營業虧損(753,000美元)，而去年第一季度的營業收入為51,000美元。
- GAAP淨虧損915,000美元，或每股虧損0.02美元，而去年第一季度為44,000美元，或每股虧損(0.00美元)。
- 非GAAP淨虧損為608,000美元，或每股攤薄虧損0.01美元，而去年第一季度的非GAAP收益為135,000美元，或每股攤薄虧損0.00美元。
Sean McEwen, Chairman and CEO of KonaTel stated, "Revenue growth was slightly lower in the first quarter, down 4.6% compared to the prior year, mostly due to higher reimbursements received under the short-term COVID era Emergency Broadband Benefit Program ("EBB") at $50/user/month versus the ACP program at $30/user/month, which replaced the EBB program for new enrollments in early 2022. Additionally, as discussed in Q4, we allocated additional resources to further expand our infrastructure that could have been deployed to increase additional customers more aggressively in Q1. With that behind us, we are currently experiencing a 50% increase in subscriber activations versus previous quarter."
Konatel董事長兼首席執行官Sean McEwen表示：“第一季度收入增長略有下降，與上一年相比下降了4.6%，這主要是由於在短期COVID時代緊急寬帶福利計劃(”EBB“)下收到的報銷更高，為50美元/用戶/月，而ACP計劃為30美元/用戶/月，後者取代了2022年初新註冊的EBB計劃。此外，正如在第四季度討論的那樣，我們分配了額外的資源來進一步擴展我們的基礎設施，這些基礎設施本可以在第一季度部署以更積極地增加更多客戶。在此之後，我們目前的訂戶激活數量比上一季度增加了50%。
McEwen continued, "We are set to support a significantly larger customer base with minimal expansion of general and administrative expenses. Additionally, we continue to add distribution partners to broaden our growth across the United States, while also adding a new customer retention program in May and affinity partnerships to serve vertical markets such as healthcare. In addition to our current sales model, we expect to complete alternative "asset-light" growth relationships, like our Equiva partnership, that will enable us to expand our customer base without the need for substantial amounts of capital, generating additional cash flow to expand further."
麥克尤恩繼續說道：“我們將以最小的一般和行政開支來支持更大的客戶群。此外，我們將繼續增加分銷合作夥伴，以擴大我們在美國的增長，同時還將在5月份增加一個新的客戶保留計劃和親和力夥伴關係，以服務於醫療保健等垂直市場。除了我們目前的銷售模式外，我們預計將完成替代的‘輕資產’增長關係，如我們的等值夥伴關係，這將使我們能夠在不需要大量資本的情況下擴大我們的客戶基礎，產生額外的現金流，以進一步擴張。”
McEwen concluded, "As we invest in our business and look towards substantive growth, we believe the economics of our business remain attractive and will yield profitability and positive cash flow as we expand our customer base. With our veteran leadership team in place, we are energized by the number of significant opportunities for expansion. We are creating a company to substantially grow predictable revenues, earnings and cash flow, even during weaker economic conditions."
麥克尤恩總結道：“當我們投資於我們的業務並著眼於實質性增長時，我們相信我們業務的經濟仍然具有吸引力，隨著我們擴大客戶基礎，我們將產生盈利能力和正的現金流。有了我們經驗豐富的領導團隊，我們被大量重要的擴張機會所鼓舞。我們正在創建一家即使在經濟狀況較弱的情況下也能大幅增長可預測的收入、收益和現金流的公司。”
Quarterly Financial Summary (Q1 2023 vs. Q1 2022)
季度財務摘要(2023年第一季度與2022年第一季度)
Revenue of $4.0 million, a decrease of 4.6% compared to $4.2 million for reasons discussed above. The company continued to increase activations in Q1 2023 as it relocated distribution partners to higher margin areas.
收入為400萬美元，與420萬美元相比下降了4.6%，原因如上所述。該公司在2023年第一季度繼續增加激活，將分銷合作夥伴搬遷到利潤率較高的地區。
Gross profit was $1.0 million, or 24.9% gross profit margin, compared to $1.6 million, or 39.0% gross profit margin. This decline is directly related to up-front costs incurred by accelerating growth to acquire new customers within the Mobile Services segment.
毛利潤為100萬美元，毛利率為24.9%，而毛利率為160萬美元，毛利率為39.0%。這一下降直接與移動服務部門為獲得新客戶而加速增長所產生的前期成本有關。
Total operating expenses were $1.8 million, up 9.0% compared to $1.6 million. This increase was due primarily to professional services costs related to expanded licensing within existing and new markets for IM Telecom.
總運營費用為180萬美元，比160萬美元增長9.0%。這一增長主要是由於與IM Telecom在現有和新市場中擴大許可有關的專業服務成本。
GAAP net loss was $(915,000), or $(0.02) per diluted share (based on 42.4 million weighted average shares), compared to a net loss of $(44,000), or $(0.00) per diluted share (based on 41.6 million weighted average shares). This decline was impacted by lower revenue and increased customer acquisition costs directly related to higher activations within the Mobile Services segment. Customer acquisition costs may not be amortized over the life of the customer and are recorded in full at the time of customer activation.
GAAP淨虧損為915,000美元，或每股攤薄虧損0.02美元(基於4240萬股加權平均)，而淨虧損為44,000美元，或每股攤薄虧損0.00美元(基於4160萬股加權平均)。這一下降受到收入下降和客戶獲取成本增加的影響，這些成本與移動服務部門內更高的激活直接相關。客戶獲取成本不能在客戶的整個生命週期內攤銷，而是在客戶激活時全額記錄。
Non-GAAP net loss was ($608,000), or $(0.01) per diluted share, compared to Non-GAAP net income of $135,000, or $0.00 per diluted share.
非GAAP淨虧損為608,000美元，或每股攤薄虧損0.01美元，而非GAAP淨收益為135,000美元，或每股攤薄虧損0.00美元。
Balance Sheet
資產負債表
The Company ended the quarter with $1.6 million in cash, compared to $2.1 million on December 31, 2022.
該季度末，該公司的現金為160萬美元，而2022年12月31日為210萬美元。
About KonaTel
關於Konatel
KonaTel provides a variety of retail and wholesale telecommunications services including mobile voice/text/data service supported by national U.S. mobile networks, mobile numbers, SMS/MMS services, IoT mobile data service, and a range of hosted cloud services. KonaTel's subsidiary, Apeiron Systems (), 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 Apeiron's services can be accessed through legacy interfaces and rich communications APIs. KonaTel's other subsidiary, Infiniti Mobile (), is an FCC authorized national wireless ACP and Lifeline carrier with an FCC approved wireless Lifeline Compliance Plan, licensed to provide government subsidized cellular service to low-income American families across ten states. KonaTel is headquartered in Plano, Texas.
Konatel提供各種零售和批發電信服務，包括由美國國家移動網路支持的移動語音/文本/數據服務、移動號碼、簡訊/多媒體簡訊服務、物聯網移動數據服務和一系列託管雲服務。Konatel的子公司ApeIron Systems()是一家採用動態“即服務”(CPaaS/UCaaS/CCaaS/PaaS)平臺的全球雲通信服務提供商。ApeIron使用其國家雲網絡提供語音、消息傳遞、SD-廣域網和平臺服務。ApeIron的所有服務都可以通過傳統接口和豐富的通信API訪問。Konatel的另一家子公司Infiniti Mobile()是FCC授權的全國性無線ACP和生命線運營商，擁有FCC批准的無線生命線合規計劃，獲得許可向十個州的低收入美國家庭提供政府補貼的蜂窩服務。Konatel的總部設在德克薩斯州的普萊諾。
Safe Harbor Statement
安全港聲明
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of the disclosures contained in the filings of KonaTel and its "forward-looking statements" in such filings that are contained in the EDGAR Archives of the SEC at www.sec.gov.
本新聞稿包含符合修訂後的1933年證券法第27A節和修訂後的1934年證券交易法第21E節的前瞻性陳述。前瞻性陳述不是對未來業績或結果的保證，也不一定準確地說明實現這種業績或結果的時間或方式。前瞻性陳述以作出陳述時可獲得的資訊為基礎，涉及已知和未知的風險、不確定因素和其他因素，這些風險、不確定性和其他因素可能會導致我們的結果、活動水準、業績或成就與本新聞稿中前瞻性陳述明示或暗示的資訊大不相同。考慮本新聞稿時，應考慮到科納泰爾公司的檔案中所披露的內容及其在埃德加美國證券交易委員會檔案館(www.sec.gov)中包含的“前瞻性陳述”。
Contacts
Contacts
D. Sean McEwen
(214) 323-8410
inquiries@konatel.com
D.肖恩·麥克尤恩
(214)323-8410
郵箱：queries@konatel.com
-- Unaudited Balance Sheets and Statements of Operations Follow -
--未經審計的資產負債表和經營報表如下-
KonaTel, Inc.
Consolidated Balance Sheets
科納泰爾公司
合併資產負債表
(unaudited)
(未經審計)
| March 31, 2023 | December 31, 2022 | |||||||
Assets |
||||||||
Current Assets |
||||||||
Cash and Cash Equivalents |
$ | 1,596,048 | $ | 2,055,634 | ||||
Accounts Receivable, net |
1,202,255 | 1,510,118 | ||||||
Inventory, Net |
690,868 | 526,337 | ||||||
Prepaid Expenses |
35,170 | 61,241 | ||||||
Other Current Assets |
164 | 164 | ||||||
Total Current Assets |
3,524,505 | 4,153,494 | ||||||
Property and Equipment, Net |
33,448 | 36,536 | ||||||
Other Assets |
||||||||
Intangible Assets, Net |
634,251 | 634,251 | ||||||
Right of Use Asset |
519,894 | 553,686 | ||||||
Other Assets |
74,542 | 73,883 | ||||||
Total Other Assets |
1,228,687 | 1,261,820 | ||||||
Total Assets |
$ | 4,786,640 | $ | 5,451,850 | ||||
Liabilities and Stockholders' Equity |
||||||||
Current Liabilities |
||||||||
Accounts Payable and Accrued Expenses |
$ | 1,399,838 | $ | 1,348,931 | ||||
Loans Payable, net of loan fees |
3,114,330 | 3,070,947 | ||||||
Right of Use Operating Lease Obligation - current |
120,658 | 118,382 | ||||||
Total Current Liabilities |
4,634,826 | 4,538,260 | ||||||
Long Term Liabilities |
||||||||
Right of Use Operating Lease Obligation - long term |
427,299 | 458,227 | ||||||
Total Long Term Liabilities |
427,299 | 458,227 | ||||||
Total Liabilities |
5,062,125 | 4,996,487 | ||||||
Commitments and contingencies |
||||||||
Stockholders' Equity |
||||||||
Common stock, $.001 par value, 50,000,000 shares authorized, 42,483,220 outstanding and issued at March 31, 2023 and 42,240,406 outstanding and issued at December 31, 2022 |
42,483 | 42,240 | ||||||
Additional Paid In Capital |
8,894,593 | 8,710,987 | ||||||
Accumulated Deficit |
(9,212,561 | ) | (8,297,864 | ) | ||||
Total Stockholders' Equity |
(275,485 | ) | 455,363 | |||||
Total Liabilities and Stockholders' Equity |
$ | 4,786,640 | $ | 5,451,850 | ||||
| 2023年3月31日 | 2022年年12月31日 | |||||||
資產 |
||||||||
流動資產 |
||||||||
現金和現金等價物 |
$ | 1596,048 | $ | 2055,634 | ||||
應收賬款淨額 |
1202,255 | 1510,118 | ||||||
庫存，淨額 |
690,868 | 526,337 | ||||||
預付費用 |
35,170 | 61,241 | ||||||
其他流動資產 |
一百六十四 | 一百六十四 | ||||||
流動資產總額 |
3524,505 | 4,153,494 | ||||||
財產和設備，淨額 |
33,448 | 36,536 | ||||||
其他資產 |
||||||||
無形資產，淨額 |
634,251 | 634,251 | ||||||
使用權資產 |
519,894 | 553,686 | ||||||
其他資產 |
74,542 | 73,883 | ||||||
其他資產總額 |
1228687 | 1261,820 | ||||||
總資產 |
$ | 4786,640 | $ | 5451,850 | ||||
負債與股東權益 |
||||||||
流動負債 |
||||||||
應付賬款和應計費用 |
$ | 1399,838 | $ | 1348,931 | ||||
應付貸款，扣除貸款費用後淨額 |
3,114,330 | 3070,947 | ||||||
使用權經營租賃義務-當期 |
120,658 | 118,382 | ||||||
流動負債總額 |
4634,826 | 4538260 | ||||||
長期負債 |
||||||||
使用權經營租賃義務--長期 |
427,299 | 458,227 | ||||||
長期負債總額 |
427,299 | 458,227 | ||||||
總負債 |
5062,125 | 4996,487 | ||||||
承付款和或有事項 |
||||||||
股東權益 |
||||||||
普通股，面值.001美元，授權50,000,000股，已發行42,483,220股，於2023年3月31日發行，已發行42,240,406股，於2022年12月31日發行 |
42,483 | 42,240 | ||||||
額外實收資本 |
8894,593 | 8,710,987 | ||||||
累計赤字 |
(9,212,561 | ) | (8,297,864 | ) | ||||
股東權益總額 |
(275,485 | ) | 453,363 | |||||
總負債和股東權益 |
$ | 4786,640 | $ | 5451,850 | ||||
KonaTel, Inc.
Consolidated Statements of Operations
(unaudited)
科納泰爾公司
合併業務報表
(未經審計)
| Three Months Ended March 31, | ||||||||
| 2023 | 2022 | |||||||
Revenue |
$ | 4,031,719 | $ | 4,227,856 | ||||
Cost of Revenue |
3,029,840 | 2,580,595 | ||||||
Gross Profit |
1,001,879 | 1,647,261 | ||||||
Operating Expenses |
||||||||
Payroll and Related Expenses |
1,139,546 | 1,132,313 | ||||||
Operating and Maintenance |
1,700 | 642 | ||||||
Bad Debt |
14 | 55 | ||||||
Professional and Other Expenses |
300,498 | 149,170 | ||||||
Utilities and Facilities |
57,045 | 35,687 | ||||||
Depreciation and Amortization |
3,088 | 4,117 | ||||||
General and Administrative |
40,234 | 60,918 | ||||||
Marketing and Advertising |
37,517 | 47,670 | ||||||
Application Development Costs |
143,529 | 134,605 | ||||||
Taxes and Insurance |
31,903 | 31,379 | ||||||
Total Operating Expenses |
1,755,074 | 1,596,556 | ||||||
Operating Income/(Loss) |
(753,195 | ) | 50,705 | |||||
Other Income and Expense |
||||||||
Interest Expense |
(161,502 | ) | (24,030 | ) | ||||
Other Income/(Expense), net |
- | (71,124 | ) | |||||
Total Other Income and Expenses |
(161,502 | ) | (95,154 | ) | ||||
Net Income (Loss) |
$ | (914,697 | ) | $ | (44,449 | ) | ||
Earnings (Loss) per Share |
||||||||
Basic |
$ | (0.02 | ) | $ | (0.00 | ) | ||
Diluted |
$ | (0.02 | ) | $ | (0.00 | ) | ||
Weighted Average Outstanding Shares |
||||||||
Basic |
42,375,917 | 41,615,406 | ||||||
Diluted |
42,375,917 | 41,615,406 | ||||||
| 截至3月31日的三個月， | ||||||||
| 2023年年 | 2022年 | |||||||
收入 |
$ | 4031,719 | $ | 4,227,856 | ||||
收入成本 |
3029,840 | 2580,595 | ||||||
毛利 |
1,001,879 | 1,647,261 | ||||||
運營費用 |
||||||||
薪水單及相關費用 |
1139,546 | 1132,313 | ||||||
運營和維護 |
一七零零 | 六百四十二 | ||||||
壞賬 |
14. | 55 | ||||||
專業費和其他費用 |
300,498 | 149,170 | ||||||
公用事業和設施 |
57,045 | 35,687 | ||||||
折舊及攤銷 |
3088 | 4,117 | ||||||
一般和行政 |
40,234 | 60,918 | ||||||
營銷與廣告 |
37517 | 47670 | ||||||
應用程式開發成本 |
143,529 | 134,605 | ||||||
稅收和保險 |
31,903 | 31,379 | ||||||
總運營費用 |
1,755,074 | 1596,556 | ||||||
營業收入/(虧損) |
(753,195 | ) | 50,705 | |||||
其他收入和支出 |
||||||||
利息支出 |
(161,502) | ) | (24,030 | ) | ||||
其他收入/(支出)，淨額 |
- | (71,124) | ) | |||||
其他收入和支出合計 |
(161,502) | ) | (95,154 | ) | ||||
淨收益(虧損) |
$ | (914,697 | ) | $ | (44,449 | ) | ||
每股收益(虧損) |
||||||||
基本資訊 |
$ | (0.02 | ) | $ | (0.00 | ) | ||
稀釋 |
$ | (0.02 | ) | $ | (0.00 | ) | ||
加權平均流通股 |
||||||||
基本資訊 |
42,375,917 | 41,615,406 | ||||||
稀釋 |
42,375,917 | 41,615,406 | ||||||
SOURCE: KonaTel
資料來源：Konatel
譯文內容由第三人軟體翻譯。