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Telkonet, Inc. Message Board

  • pac257 pac257 Aug 15, 2014 10:58 AM Flag

    TKOI Swings To PROFIT - Net income of $219,085

    That's a very big improvement ($840,558 positive upswing YOY from Q2 of 2013):

    Telkonet, Inc. Announces Second Quarter 2014 Financial Results
    Total Revenues Increased 21% from Prior Year Quarter Driving Gross Profit Improvement of 43%
    August 14, 2014

    "Highlights for the Second Quarter Ended June 30, 2014 and Recent Developments:

    Revenue of $4.4 million, up 21% from $3.6 million in the second quarter of 2013
    Gross Profit of $2.1 million, up 43% from $1.5 million in the second quarter of 2013
    Gross Profit Margin of 49%, up 18% from 41% in the second quarter of 2013
    Selling, General and Administrative expense of $1.4 million, down 20% from $1.8 million in the second quarter of 2013
    Continued investment in Research and Development for next generation energy efficiency products; spending increased 11% from prior year quarter but decreased as a percent of revenue to 7% in the second quarter of 2014 from 8% in the second quarter of 2013
    Income from Operations of $278,007, compared to a Loss from Operations of $(681,473) in the second quarter of 2013
    Net income of $219,085 for the second quarter of 2014 compared to a Net Loss of $(621,510) in the second quarter of 2013"

    Good luck to all good people.

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    • Evidently, the market is starting to realize TKOI is a growing company, leading this young industry, and about to become very profitable on an annual basis.

      AVERAGE DAILY VOLUME HAS DROPPED TO NOTHING

      There's 15 minutes to the close and ONLY 1,513 SHARES HAVE TRADED ALL DAY!

      That means VERY FEW SHARES are selling even at the ASK PRICE

      THAT'S EXTREMELY BULLISH

      Good luck to all good people.

    • Nice volume too, looks like we may have seen the low of this pullback, time to make some headway to the north. Once this starts to hit .19 and .20 again, it should start to get more attention.

 
TKOI
0.20-0.0290(-12.66%)May 28 3:57 PMEDT