Telkonet, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 14, 2020 at 08:33 am EDT
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Telkonet, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was USD 1.281 million compared to USD 3.570 million a year ago. Operating loss was USD 943,299 compared to USD 503,535 a year ago. Net loss was USD 950,097 compared to USD 518,575 a year ago. Basic loss per share from continuing operations was USD 0.01. For the half year, total revenue was USD 3.085 million compared to USD 6.333 million a year ago. Operating loss was USD 1.583 million compared to USD 1.343 million a year ago. Net loss was USD 1.602 million compared to USD 1.364 million 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. 