Telkonet, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 15, 2020 at 08:33 am EDT
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Telkonet, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was USD 1.803 million compared to USD 2.763 million a year ago. Operating loss was USD 640,599 compared to USD 840,044 a year ago. Net loss was USD 652,501 compared to USD 845,604 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
Telkonet, Inc. is a provider of the EcoSmart and Rhapsody Platforms of intelligent automation solutions designed to optimize energy efficiency and analytics in support of the emerging Internet of Things (IoT). Its EcoSmart Platform consists of EcoSmart Product Suite, EcoCentral, and EcoCare. Its EcoSmart Product Suite includes thermostats, sensors, switches, and outlets, which provide monitoring, management, and reporting over individual and grouped energy consumption throughout building environments. Its EcoCentral is a cloud-based dashboard that provides visualization and remote management services. Its EcoCare offers professional support and maintenance services, including engineering, analytics, reporting, software and hardware updates. The Rhapsody Platform focuses on utilizing Wi-Fi and Bluetooth low energy (BLE) for mobile application-based setup and configuration. Its platforms are deployed primarily in the hospitality, educational, governmental and other commercial markets.
TELKONET, INC. 
