KTEL on OTC

KonaTel, Inc.

KonaTel, Inc. is a communications services company, listed on OTC (KTEL).1 It is headquartered in Plano, Texas.1

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Last updated Oct 20, 2026.

Overview

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  • TickerKTEL on OTC1
  • IndustryCommunications Services, NEC1
  • HeadquartersPlano, Texas1
  • Business address500 N. Central Expressway, Suite 202, Plano, Tx 750742
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Houston, Texas. During 1990, we ceased these operations, and the secured lenders took possession of our assets.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

30.9%Gross margin4
-31.7%Operating margin4
-31.3%Net margin4
-45.5%Revenue growth, 20254
-689.0%Return on equity4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Hosted Service brought in 70% of the revenue KonaTel, Inc. broke down this way in fiscal 2025.

  1. Hosted Service$5.9M470%up 5% from 2024
  2. Mobile Services$2.6M430%down 74% from 2024
Business segments by year
Business segments20242025
Hosted Service$5.6M$5.9M
Mobile Services$9.9M$2.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue69¢$5.8M
  • Other costs31¢$2.6M

Out of $8.5M in revenue.4 The company lost money this year.

Financial statements

Revenue567894$8.5M in 2025−8% since 2019
0$10.0M$20.0M$30.0M2019: $9.2M$9.2M20192020: $9.4M$9.4M2020+2%2021: $12.8M$12.8M2021+37%2022: $20.0M$20.0M2022+56%2023: $18.2M$18.2M2023−9%2024: $15.5M$15.5M2024−15%2025: $8.5M$8.5M2025−45%
Gross profit567894$2.6M in 2025−9% since 2019
0$2.0M$4.0M$6.0M2019: $2.9M$2.9M20192020: $3.5M$3.5M2020+23%2021: $5.7M$5.7M2021+62%2022: $5.0M$5.0M2022−13%2023: $3.4M$3.4M2023−32%2024: $3.4M$3.4M2024+1%2025: $2.6M$2.6M2025−23%
Operating income567894-$2.7M in 2025+63% since 2019
-$6.0M-$4.0M-$2.0M0$2.0M2019: -$1.6M-$1.6M20192020: -$360.0K-$360.0K2020−78%2021: $638.3K$638.3K20212022: -$2.6M-$2.6M20222023: -$3.1M-$3.1M2023+22%2024: -$4.5M-$4.5M2024+45%2025: -$2.7M-$2.7M2025−41%
Net income567894-$2.6M in 2025+67% since 2019
-$5.0M-$2.5M0$2.5M$5.0M2019: -$1.6M-$1.6M20192020: $238.6K$238.6K20202021: $623.0K$623.0K2021+161%2022: -$3.0M-$3.0M20222023: -$3.9M-$3.9M2023+33%2024: $4.8M$4.8M20242025: -$2.6M-$2.6M2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Revenue$8.5M$15.5M
Cost of Revenue$5.8M$12.1M
Gross Profit$2.6M$3.4M
Payroll and Related Expenses$3.1M$4.3M
Stock Option Expense$126.6K$992.7K
Operating and Maintenance$8.1K$6.1K
Credit Loss$43.6K$1.4K
Professional and Other Expenses$708.8K$1.6M
Utilities and Facilities$177.9K$210.4K
Depreciation and Amortization$10.5K$9.1K
General and Administrative$292.6K$213.1K
Marketing and Advertising$13.6K$99.8K
Application Development Costs$716.9K$140.9K
Taxes and Insurance$101.8K$315.3K
Total Operating Expenses$5.3M$8.0M
Operating (Loss)-$2.7M-$4.5M
Sale of Interest in IM Telecom (49%)$9.6M
Interest Expense-$539-$104.7K
Other Income, net$31.9K$71.0K
Total Other Income and Expenses$31.3K$9.5M
Income Before Income Taxes-$2.6M$5.0M
Income Tax Expense$184.1K
Net Income (Loss)-$2.6M$4.8M
Basic-$0.06$0.11
Diluted-$0.06$0.11
Basic43.7M shares43.4M shares
Diluted43.7M shares43.5M shares

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Corporate structure

KonaTel, Inc. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of KonaTel, Inc.

  • David S. McEwen Filed SCHEDULE 13D/A on KonaTel, Inc., latest Sep 17, 2025 (7 filings since Mar 22, 2023)
  • KonaTel, Inc. Plano, Texas

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What KonaTel, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Computer equipment and software$2.4M4 Dec 31, 2025$2.4M4 Dec 31, 20240%
Property and equipment, before depreciation$461.5K4 Dec 31, 2025$461.6K4 Dec 31, 20240%
Accumulated depreciation$457.0K4 Dec 31, 2025$446.5K4 Dec 31, 2024+2.4%
Property and equipment, net$4.5K4 Dec 31, 2025$15.1K4 Dec 31, 2024−70.6%
Operating-lease assets (leased space)$217.4K4 Dec 31, 2025$319.5K4 Dec 31, 2024−32.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$704.9K4 Dec 31, 2025$1.7M4 Dec 31, 2024−58.0%
Deposits held (banks)$04 Dec 31, 2025$04 Dec 31, 2024

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$851.7K4 Dec 31, 2025$953.8K4 Dec 31, 2024−10.7%
Accumulated amortization$3.5M4 Dec 31, 2025$3.5M4 Dec 31, 20240%
Finite-lived intangibles, net$634.3K4 Dec 31, 2025$634.3K4 Dec 31, 20240%
Licenses, net$634.3K4 Dec 31, 2025$634.3K4 Dec 31, 20240%

Inventory

ItemLatestA year beforeChange
Inventory, total$272.2K4 Dec 31, 2025$163.1K4 Dec 31, 2024+66.9%

Properties, in its own words

We do not own any property.

We have leases on the following properties:

The rest of Item 2

On December 18, 2020, we entered into a lease of an office suite in Plano, TX, which commenced on January 25, 2021. Lease payments were deferred until May 1, 2021. Beginning on May 1, 2021, lease payments are $3,650 per month for the twelve (12) month period ended April 30, 2022; $3,735 per month for the twelve (12) month period ended April 30, 2023; $3,819 per month for the twelve (12) month period ending April 30, 2024, and $3,904 per month for the twelve (12) month period ended April 30, 2025. The lease term is for five (5) years. This lease is set to expire on March 31, 2026, and will not be renewed.

Through our 51% previously owned subsidiary, IM Telecom, we have leases on the following properties:

Our Tulsa, Oklahoma distribution center, consisting of approximately 2,466 square feet, is under a three (3) year lease that commenced on August 1, 2022. Monthly lease payments for this property are $2,356 per month for the twelve (12) month period ended July 31, 2023; $2,415 per month for the twelve (12) month period ending July 31, 2024, and $2,475 per month for the twelve (12) month period ending July 31, 2025. This lease expired on July 31, 2025, and was not renewed.

Our customer service center is in Atmore, Alabama, and consists of approximately 1,766 square feet. This lease commenced on June 1, 2022, and terminated on June 1, 2025. Monthly lease payments for this property are $2,121 per month. As of December 31, 2025, the lease expense is incurred on a month to month basis.

Through our wholly owned subsidiary, Apeiron Systems, we have a lease at the following property:

Our Johnstown, Pennsylvania office, consisting of approximately 6,900 square feet, is under a lease that commenced on September 1, 2022, and expires on August 31, 2030. Monthly lease payments for this property are $4,500 per month.

Item 2 of the 10-K filed Apr 16, 2026.3

Leadership

Who has led KonaTel, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. William Gumma2016
  2. Mark S. Savage2017
  3. David S. McEwen2017–now

Chair

  1. David S. McEwen2017–now

President

  1. Wayne Robert Bassham2006
  2. Thomas J. Howells2016
  3. Mark S. Savage2017
  4. David S. McEwen2017–2020
  5. Charles David Griffin2022–2024
  6. Jason N. Welch2022–2023

Chief financial officer

  1. Mark S. Savage2017
  2. Brian R. Riffle2017

Chief operating officer

  1. Charles David Griffin2022–2024
2010201520202025
Board members and other officers (20)

Former names

  • DALA PETROLEUM CORP.Aug 12, 2014 to Feb 1, 20182
  • WESTCOTT PRODUCTS CORPDec 30, 2005 to Aug 29, 20142

Timeline

  1. Oct 8, 20268-K Executive or director change33
  2. Aug 28, 20268-K Other events34
  3. Aug 14, 20268-K Other events35
  4. Apr 16, 20268-K Regulation FD disclosure36
  5. Nov 20, 20258-K Regulation FD disclosure37
  6. Sep 30, 20258-K Entered a material agreement38
  7. Sep 25, 20258-K Executive or director change39
  8. Aug 19, 20258-K Regulation FD disclosure40
  9. May 16, 20258-K Regulation FD disclosure41
  10. May 15, 20258-K Executive or director change42
  11. Apr 16, 20258-K Regulation FD disclosure43
  12. Mar 10, 20258-K Entered a material agreement44
  13. Dec 28, 2017New chief executive David S. McEwen becomes CEO13
  14. Aug 2, 2017New chief executive Mark S. Savage becomes CEO12
  15. May 31, 2016New chief executive William Gumma becomes CEO14

Filings

122 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 31 major events, 50 insider forms, 7 large holders, 14 other. The latest 20:

  1. Oct 8, 20268-K EDGAR
  2. Aug 28, 20268-K EDGAR
  3. Aug 19, 202610-Q EDGAR
  4. Aug 17, 20264 PRIMARY DOCUMENT EDGAR
  5. Aug 14, 2026NT 10-Q EDGAR
  6. Aug 14, 20268-K EDGAR
  7. May 20, 202610-Q EDGAR
  8. May 15, 2026NT 10-Q EDGAR
  9. May 12, 20264 EDGAR
  10. Apr 16, 20268-K EDGAR
  11. Apr 16, 202610-K EDGAR
  12. Mar 31, 2026NT 10-K EDGAR
  13. Feb 12, 20264 PRIMARY DOCUMENT EDGAR
  14. Nov 20, 20258-K EDGAR
  15. Nov 19, 202510-Q EDGAR
  16. Nov 14, 2025NT 10-Q EDGAR
  17. Nov 12, 20254 PRIMARY DOCUMENT EDGAR
  18. Sep 30, 20258-K/A EDGAR
  19. Sep 25, 20258-K EDGAR
  20. Sep 17, 2025SCHEDULE 13D/A EDGAR

The 122 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How KonaTel, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARKonaTel, Inc.1
  • CIK0000845819
  • Employer ID (EIN)80-09736083
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company3
  • Incorporated inDelaware3
  • Fiscal year endsDecember 311
  • Industry code (SIC)4899 Communications Services, NEC1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address500 N. Central Expressway, Suite 202, Plano, TX 750741
  • Phone(214) 323-84101
  • Shares outstanding43,979,064 as of Aug 14, 202611
  • Public float$10.6M as of Jun 30, 20253
  • AuditorHaynie, Salt Lake City, Utah PCAOB ID 457; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceDec 30, 20051
  • Filings364 in all: 4 (73), 8-K (66), 10-Q (55), 3 (29), 10-K (18), NT 10-Q (16), SC 13D/A (14), 10QSB (13)1
    All 32 form types

    SC 13D (12), 8-K/A (11), NT 10-K (11), 10KSB (5), D/A (4), 4/A (3), D (3), DEF 14C (3), PRE 14C (3), S-8 (3), SC 13G (3), UPLOAD (3), 10-K/A (2), EFFECT (2), S-1/A (2), S-8 POS (2), 10-KT (1), 3/A (1), 424B4 (1), CORRESP (1), POS AM (1), PRER14C (1), S-1 (1), SCHEDULE 13D/A (1)

  • Latest filingsAnnual report (10-K) Apr 16, 2026
    Quarterly report (10-Q) Aug 19, 2026
    Latest 8-K (8-K) Oct 8, 2026

Risk factors and legal proceedings

The risks KonaTel, Inc. names in Item 1A of its 10-K filed Apr 16, 2026: 37 risks under these headings, as written.3

  • Risks Related to the Company
  • We have a limited operating history and cannot ensure the long-term successful operation of our business or the execution of our business plan.
  • Our business strategy may be unsuccessful, and we may be unable to address the risks we face in a cost-effective manner, if at all. If we are unable to successfully accomplish these tasks, our business will be harmed, and we may fail.
  • The United States Government’s dissolution or reduction of the Lifeline Program or the elimination of “resellers” of these services will and has had a substantial adverse effect on our current and planned partnership operations.
  • The increase in the number of resellers of services and products that we provide by any national carrier could saturate the markets and market segments of our targeted customers, which could affect our business adversely.
  • A decrease in the amount of wholesale voice and mobile data available to purchase from wholesale aggregators could cause a substantial reduction in our business and customers.
  • A wireless reseller could gain a significant price advantage over other wireless resellers by entering into a special national carrier pricing agreement not available to other resellers.
  • Adequate funds for our current and intended operations may not be available, requiring us to raise additional financing or curtail our current and planned operations significantly.
  • We may need to raise additional capital to implement our business plan and meet financial obligations as they come due. If we do need to raise additional capital, and cannot attract sufficient capital from customary sources, we may be required to pay a higher price for capital.
  • A national carrier (Verizon, AT&T, T-Mobile) could dissolve, reduce or restrict any wholesale program, agent program or reseller program. This includes both voice and data IoT, which would adversely affect our business.
  • We expect that there will be significant consolidation in our industry. Our failure or inability to lead that consolidation would have a severe adverse impact on our access to financing, customers, technologies and human resources.
  • Our success depends on our product and service technologies achieving and maintaining widespread acceptance in our targeted markets.
The other 26 risks
  • Because we do not have long-term purchase commitments from our customers, the failure to obtain anticipated orders or the deferral or cancellation of commitments could have an adverse effect on our business and future prospects.
  • Most of our contracts are terminable by our customers with limited notice and without penalty payments, and early terminations could have a material adverse effect on our business, operating results and financial condition.
  • Our industry is characterized by frequent technological change. If we are unable to adapt our products and services and develop new products and services to keep up with these rapid changes, we will not be able to obtain or maintain market share and our business may fail.
  • A portion of our business involves the use of software technologies that we have developed or licensed. Industries involving the ownership and licensing of software-based intellectual property are characterized by frequent intellectual property litigation, and we could face claims of infringement by others in the industry. Such claims are costly and add uncertainty to our operational results.
  • Our business may be adversely affected by malicious applications that interfere with, or exploit security flaws in, our products and services.
  • We face risks relating to Cyberattacks.
  • We compete with other companies that have substantially greater resources, and we are at a distinct competitive disadvantage in our chosen industry.
  • Our future success depends on key personnel and our ability to attract and retain additional personnel.
  • Unpredictability in financing markets could impair our ability to grow our business through acquisitions.
  • Our reliance on information management and transaction systems to operate our business exposes us to cyber incidents and hacking of our sensitive information if our outsourced service providers experiences a security breach.
  • Because our technology, products, platforms and services are complex and are deployed in and across complex environments, they may have errors or defects that could seriously harm our business.
  • We may have insufficient network or server capacity for our current and planned business, which could result in interruptions in our services and the loss of revenues resulting in a negative impact on our business.
  • We do not have sufficient capital to engage in substantial research and development, which may harm our long-term growth.
  • Our business operations are susceptible to interruptions caused by events beyond our control.
  • General global market and economic conditions may have an adverse impact on our operating performance and results of operations.
  • Economic, political and market conditions may adversely affect our business, financial condition and operating results.
  • Supply chain disruptions could adversely affect our business.
  • The markets in which we operate are rapidly emerging, and we may be unable to compete successfully against existing or future competitors to our business.
  • Compliance with the reporting requirements of federal securities laws can be expensive.
  • We do not intend to pay dividends on our common stock for the foreseeable future.
  • We do not intend to provide guidance about future events in the foreseeable future.
  • Risks Related to Our Common Stock
  • There is a limited active trading market for our shares of common stock.
  • Our investors’ ownership in the Company may be diluted in the future.
  • Directors, executive officers, principal shareholders and affiliated entities own a significant percentage of our capital stock, and they may make decisions that our shareholders do not consider to be in their best interests.
  • If we fail to maintain an effective system of internal controls, we may not be able to accurately report our financial results in a timely manner or detect fraud. Consequently, investors could lose confidence in our financial reporting, and this may adversely affect any trading price for our common stock that may then exist.
  • During the year ended December 31, 2021, our Board of Directors adopted an Insider Trading Policy, which was amended in the latter part of 2024.

Legal proceedings

We are not party to any material legal proceedings.

The opening of Item 3, Legal Proceedings.3

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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    SEC EDGAROther events
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