KonaTel, Inc. engages in the distribution and sale of traditional post-paid cellular services. It operates through the following segments: Wholesale Unit, Retail Unit, and Virtual Eligible Telecommunications Carrier (ETC). The The Wholesale Unit segment purchases bulk rate services at discounted rates and provides services to retail providers. The Retail and Virtual ETC segments offer services to the end user through the use of agents, and direct selling to the customer. The company was founded on May 24, 1984 and is headquartered in Dallas, TX.
Company profile
Ticker
KTEL
Exchange
Website
CEO
David Sean McEwen
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Intelsat • EchoStar • Globalstar • Gogo • Cogent Communications • Calix • BuzzFeed • AST SpaceMobile • Boingo Wireless • Orbcomm ...
Former names
DALA PETROLEUM CORP., WESTCOTT PRODUCTS CORP
SEC CIK
KTEL stock data
Latest filings (excl ownership)
8-K/A
Entry into a Material Definitive Agreement
7 Jun 23
8-K
KonaTel Reports First Quarter 2023 Results
15 May 23
10-Q
2023 Q1
Quarterly report
15 May 23
8-K
KonaTel Reports Fiscal Year 2022 Results
17 Apr 23
10-K
2022 FY
Annual report
17 Apr 23
8-K
Entry into a Material Definitive Agreement
17 Apr 23
NT 10-K
Notice of late annual filing
31 Mar 23
S-8 POS
Registration of securities for employees (post-effective amendment)
20 Mar 23
8-K
Regulation FD Disclosure
6 Dec 22
10-Q
2022 Q3
Quarterly report
14 Nov 22
Latest ownership filings
4
Robert Matthew Beaty
15 May 23
4
JEFFREY PEARL
1 May 23
SC 13D/A
McEwen David S
22 Mar 23
4
David S McEwen
21 Mar 23
4
Robert Matthew Beaty
14 Feb 23
4
Robert Matthew Beaty
10 Feb 23
4
JEFFREY PEARL
31 Jan 23
4
Robert Matthew Beaty
15 Nov 22
4
JEFFREY PEARL
31 Oct 22
4
Robert Matthew Beaty
15 Aug 22
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 1.60 mm | 1.60 mm | 1.60 mm | 1.60 mm | 1.60 mm | 1.60 mm |
| Cash burn (monthly) | 153.20 k | (no burn) | 251.07 k | 279.88 k | 166.95 k | 236.90 k |
| Cash used (since last report) | 357.96 k | n/a | 586.64 k | 653.97 k | 390.08 k | 553.54 k |
| Cash remaining | 1.24 mm | n/a | 1.01 mm | 942.08 k | 1.21 mm | 1.04 mm |
| Runway (months of cash) | 8.1 | n/a | 4.0 | 3.4 | 7.2 | 4.4 |
Institutional ownership, Q3 2019
| 13F holders | Current |
|---|---|
| Total holders | 0 |
| Opened positions | 0 |
| Closed positions | 0 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 0.00 |
| Total shares | 0.00 |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 12 May 23 | Robert Matthew Beaty | Option Common Stock | Grant | Acquire A | No | No | 0.871 | 25,000 | 21.78 k | 425,000 |
| 28 Apr 23 | Jeffrey Pearl | Option Common Stock | Grant | Acquire A | No | No | 0.781 | 25,000 | 19.53 k | 450,000 |
| 16 Mar 23 | McEwen David S | Common Stock | Option exercise | Acquire M | No | No | 0.22 | 187,500 | 41.25 k | 15,687,500 |
| 16 Mar 23 | McEwen David S | Option Common Stock | Option exercise | Dispose M | No | No | 0.22 | 187,500 | 41.25 k | 1,312,500 |
| 13 Feb 23 | Robert Matthew Beaty | Option Common Stock | Grant | Acquire A | No | No | 0.814 | 25,000 | 20.35 k | 400,000 |
| 9 Feb 23 | Robert Matthew Beaty | Common Stock | Option exercise | Acquire M | No | No | 0.33 | 100,000 | 33.00 k | 105,314 |
| 9 Feb 23 | Robert Matthew Beaty | Common Stock | Other | Dispose J | No | No | 0.7385 | 44,686 | 33.00 k | 5,314 |
| 9 Feb 23 | Robert Matthew Beaty | Option Common Stock | Option exercise | Dispose M | No | No | 0.33 | 25,000 | 8.25 k | 375,000 |
| 9 Feb 23 | Robert Matthew Beaty | Option Common Stock | Option exercise | Dispose M | No | No | 0.33 | 25,000 | 8.25 k | 400,000 |
| 9 Feb 23 | Robert Matthew Beaty | Option Common Stock | Option exercise | Dispose M | No | No | 0.33 | 25,000 | 8.25 k | 425,000 |