Private company

TELKONET INC

American auto controls for regulating residential and comml environments company. Summary from the record

Last updated Oct 19, 2026.

Overview

IndustryAuto Controls For Regulating Residential & Comml Environments¹
HeadquartersWaukesha, Wisconsin¹
Incorporated inUT²
Business address20800 Swenson Drive, Suite 175, Waukesha, Wi 53186²
Filer categoryNon-accelerated filer, Smaller reporting company²

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Financials

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

Key numbers, fiscal 2022

49.7%Gross margin³

-14.8%Operating margin³

-15.2%Net margin³

34.6%Revenue growth, 2022³

-28.0%Return on equity³

-$3.7MFree cash flow³

Where the money goes

Where each dollar of revenue went, fiscal 2022

Cost of revenueResearch and developmentSelling, general and admin

Cost of revenue44¢$4.2M
Research and development11¢$1.1M
Selling, general and admin45¢$4.3M
Income tax0¢$15.0K

Out of $8.4M in revenue.³ The company lost money this year.

Financial statements

Revenue⁴⁵⁶⁷⁸³$8.4M in 2022+2% since 2016

Gross profit⁴⁵⁶⁷⁸³$4.2M in 2022+2% since 2016

Operating income⁴⁵⁶⁷⁸³-$1.2M in 2022−68% since 2016

Net income⁴⁵⁶⁷⁸³-$1.3M in 2022−7% since 2016

Fiscal year	2016	2017	2018	2019	2020	2021	2022
Revenue	$8.3M⁴	$8.3M⁵	$8.4M⁶	$12.0M⁷	$6.5M⁸	$6.3M³	$8.4M³
Cost of revenue	$124.8K⁴	$4.4M⁵	$4.7M⁶	$7.0M⁷	$3.6M⁸	$3.0M³	$4.2M³
Gross profit	$4.1M⁴	$3.8M⁵	$3.8M⁶	$5.0M⁷	$2.9M⁸	$3.2M³	$4.2M³
Research and development	$1.7M⁴	$1.8M⁵	$1.9M⁶	$1.7M⁷	$1.2M⁸	$1.1M³	$1.1M³
Selling, general and admin	$6.3M⁴	$5.5M⁵	$4.8M⁶	$5.2M⁷	$4.8M⁸	$4.3M³	$4.3M³
Operating expenses						$5.5M³	$5.4M³
Operating income	-$3.9M⁴	-$3.5M⁵	-$3.0M⁶	-$2.0M⁷	-$3.1M⁸	-$2.2M³	-$1.2M³
Income before tax						-$404.9K³	-$1.3M³
Income tax	$20.1K⁴	$9.8K⁵	$9.6K⁶	-$100.4K⁷	$22.6K⁸	$7.9K³	$15.0K³
Net income	-$1.4M⁴	$3.7M⁵	-$3.0M⁶	-$1.9M⁷	-$3.1M⁸	-$412.8K³	-$1.3M³
Earnings per share	-$0.01⁴	$0.03⁵	-$0.02⁶	-$0.01⁷	-$0.02⁸	$0.00³	$0.00³
Earnings per share (diluted)	-$0.01⁴	$0.03⁵	-$0.02⁶	-$0.01⁷	-$0.02⁸	$0.00³	$0.00³
Shares (weighted, basic)						136.3M shares³	296.5M shares³
Shares (weighted, diluted)						136.3M shares³	296.5M shares³

Total assets⁴⁵⁶⁷⁸³$7.9M in 2022−25% since 2016

Total liabilities⁵⁶⁷⁸³$3.3M in 2022+9% since 2017

Shareholders’ equity⁵⁶⁷⁸³$4.6M in 2022−14% since 2016

Cash⁴⁶⁷⁸³$3.2M in 2022+310% since 2016

Fiscal year	2016	2017	2018	2019	2020	2021	2022
Cash	$791.9K⁴	$9.2M⁶	$4.7M⁷	$3.3M⁷	$3.0M⁸	$2.4M³	$3.2M³
Receivables						$1.0M³	$2.0M³
Inventory						$825.6K³	$1.3M³
Current assets	$10.3M⁴	$12.2M⁵	$8.5M⁶	$7.5M⁷	$5.6M⁸	$5.2M³	$7.3M³
Property, plant and equipment						$84.2K³	$126.1K³
Total assets	$10.5M⁴	$12.5M⁵	$8.7M⁶	$8.6M⁷	$6.5M⁸	$5.9M³	$7.9M³
Accounts payable						$1.9M³	$1.1M³
Current liabilities	$5.0M⁴	$2.7M⁵	$2.3M⁶	$3.3M⁷	$3.9M⁸	$4.0M³	$2.7M³
Long-term liabilities						$959.9K³	$619.9K³
Total liabilities		$3.0M⁵	$2.5M⁶	$4.2M⁷	$5.2M⁸	$4.9M³	$3.3M³
Retained earnings						-$128.7M³	-$130.0M³
Shareholders’ equity	$5.3M⁵	$9.5M⁶	$6.2M⁷	$4.4M⁸	$1.3M³	$911.7K³	$4.6M³
Shares outstanding	132.8M shares⁴	133.7M shares⁵	134.8M shares⁶	136.0M shares⁷	136.3M shares⁸	136.3M shares³	299.2M shares³

Cash from operations⁴⁵⁶⁷⁸³-$3.6M in 2022+474% since 2016

Capital spending⁴⁵⁶⁷³$87.6K in 2022+139% since 2016

Free cash flow⁴⁵⁶⁷⁸³-$3.7M in 2022+455% since 2016

Fiscal year	2016	2017	2018	2019	2020	2021	2022
Cash from operations	-$627.1K⁴	-$3.1M⁵	-$3.9M⁶	-$1.9M⁷	-$844.8K⁸	-$1.7M³	-$3.6M³
Depreciation and amortization						$43.5K³	$43.8K³
Stock-based compensation						$7.3K³	$0³
Capital spending	$36.6K⁴	$211.5K⁵	$10.2K⁶	$5.3K⁷	$0⁷	$0³	$87.6K³
Free cash flow	-$663.7K	-$3.3M	-$4.0M	-$1.9M	-$844.8K	-$1.7M	-$3.7M
Cash from investing						$0³	-$86.3K³
Cash from financing						$1.0M³	$4.6M³

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Leadership

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

Chief executive

President

Chief financial officer

Chief operating officer

2010201520202025

Chief executive officerJason Tienor Jan 5, 2009 to Apr 6, 2017¹¹
Chief executive officerRonald W. Pickett Dec 29, 2006 to Dec 29, 2006¹²
PresidentJason Tienor Jan 5, 2009 to Sep 15, 2015¹¹
PresidentRonald W. Pickett Dec 29, 2006 to Dec 29, 2006¹²
Chief financial officerRichard E. Mushrush Apr 19, 2011 to Sep 12, 2013¹³
Chief financial officerRichard J. Leimbach Jan 5, 2009 to Aug 10, 2010¹⁴
Chief operating officerMatthew Koch Apr 6, 2017 to Apr 6, 2017¹⁵
Chief operating officerJeff Sobieski Jan 5, 2009 to Sep 12, 2013¹⁶
Chief operating officerDorothy Cleal Jan 8, 2008 to Jan 8, 2008¹⁷
Chief operating officerJason Tienor Aug 31, 2007 to Aug 31, 2007¹⁸

Board members and other officers (27)

EXECUTIVE VP GLOBAL SALES ANDGerrit J. Reinders Aug 10, 2011 to Sep 8, 2015¹⁹
VP of OperationsMatthew Koch Aug 11, 2011 to Sep 12, 2013²⁰
Vice President FinanceRichard J. Leimbach Apr 25, 2007 to Apr 25, 2007²¹
Chief Technology OfficerJames F. Landry May 24, 2007 to May 24, 2007²²
Chief Marketing Officer, SecreRobert P. Crabb May 24, 2007 to Jun 20, 2007²³
Executive Vice PresidentDorothy Cleal Aug 31, 2007 to Sep 13, 2007²⁴
Executive Vice PresidentJeff Sobieski Dec 21, 2007 to Apr 6, 2017²⁵
Senior Vice PresidentStephen L. Sadle Mar 2, 2006 to Mar 19, 2007²⁶
Board memberPaulis Flavio De Jan 18, 2022 to Jan 18, 2022²⁷
Board memberPiercarlo Gramaglia Jan 18, 2022 to Jan 18, 2022²⁸
Board memberSteven E. Quick Jan 18, 2022 to Jan 18, 2022²⁹
Board memberArthur E. Byrnes Jul 8, 2016 to Apr 1, 2020³⁰
Board memberPeter T. Kross Jul 12, 2016 to Apr 1, 2020³¹
Board memberLeland D. Blatt Jul 14, 2016 to Apr 1, 2020³²
Board memberKellogg L. Warner Apr 9, 2014 to Dec 23, 2015³³
Board memberTim S. Ledwick May 2, 2012 to Oct 2, 2019³⁴
Board memberGlenn A. Garland Dec 1, 2011 to Sep 19, 2013³⁵
Board memberJoseph D. Mahaffey Sep 22, 2010 to Jan 20, 2011³⁶
Board memberWilliam H. Davis Sep 22, 2010 to Sep 1, 2015³⁷
Board memberJason Tienor Nov 19, 2009 to Apr 6, 2017³⁸
Board memberJames L. Peeler Apr 25, 2007 to Apr 25, 2007³⁹
Board memberAnthony J. Paoni Apr 26, 2007 to Nov 28, 2011⁴⁰
Board memberSeth D. Blumenfeld Apr 26, 2007 to Apr 26, 2007⁴¹
Board memberWarren Musser V. Apr 30, 2007 to Aug 10, 2010⁴²
Board memberDavid W. Grimes Feb 10, 2006 to Feb 10, 2006⁴³
Board memberStephen L. Sadle Mar 2, 2006 to Mar 19, 2007²⁶
Board memberRonald W. Pickett Dec 29, 2006 to Jan 2, 2008¹²

Former names

COMSTOCK COAL CO INCSep 13, 1999 to Aug 31, 2000²

Timeline

Jan 5, 2009New chief executive Jason Tienor becomes CEO¹¹
Dec 29, 2006New chief executive Ronald W. Pickett becomes CEO¹²

Filings

54 filings to the SEC since October 2021: 3 annual reports, 4 quarterly reports, 14 major events, 4 insider forms, 4 large holders, 25 other. The latest 20:

The 54 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.

BARD ASSOCIATES INCSC 13G/A, 2 filings Feb 14, 2022 to Feb 6, 2023⁴⁴
VDA GROUP S.p.A.SC 13D/A, 2 filings Jan 19, 2022 to Jul 15, 2022⁴⁵

Sources

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

1
SEC EDGARTELKONET INC filings on SEC EDGAR
2
SEC EDGARTELKONET INC filings on SEC EDGAR
3
SEC EDGARTELKONET INC 10-K for fiscal 2022
4
SEC EDGARTELKONET INC 10-K for fiscal 2016
5
SEC EDGARTELKONET INC 10-K for fiscal 2017
6
SEC EDGARTELKONET INC 10-K for fiscal 2018
7
SEC EDGARTELKONET INC 10-K for fiscal 2019
8
SEC EDGARTELKONET INC 10-K for fiscal 2020
9
SEC EDGARTELKONET INC 10-Q for fiscal 2022
10
SEC EDGARTELKONET INC 10-Q for fiscal 2022
11
SEC EDGARJason Tienor, Chief executive officer
12
SEC EDGARRonald W. Pickett, Chief executive officer
13
SEC EDGARRichard E. Mushrush, Chief financial officer
14
SEC EDGARRichard J. Leimbach, Chief financial officer
15
SEC EDGARMatthew Koch, Chief operating officer
16
SEC EDGARJeff Sobieski, Chief operating officer
17
SEC EDGARDorothy Cleal, Chief operating officer
18
SEC EDGARJason Tienor, Chief operating officer
19
SEC EDGARGerrit J. Reinders, EXECUTIVE VP GLOBAL SALES AND
20
SEC EDGARMatthew Koch, VP of Operations
21
SEC EDGARRichard J. Leimbach, Vice President Finance
22
SEC EDGARJames F. Landry, Chief Technology Officer
23
SEC EDGARRobert P. Crabb, Chief Marketing Officer, Secre
24
SEC EDGARDorothy Cleal, Executive Vice President
25
SEC EDGARJeff Sobieski, Executive Vice President
26
SEC EDGARStephen L. Sadle, Senior Vice President
27
SEC EDGARPaulis Flavio De, Board member
28
SEC EDGARPiercarlo Gramaglia, Board member
29
SEC EDGARSteven E. Quick, Board member
30
SEC EDGARArthur E. Byrnes, Board member
31
SEC EDGARPeter T. Kross, Board member
32
SEC EDGARLeland D. Blatt, Board member
33
SEC EDGARKellogg L. Warner, Board member
34
SEC EDGARTim S. Ledwick, Board member
35
SEC EDGARGlenn A. Garland, Board member
36
SEC EDGARJoseph D. Mahaffey, Board member
37
SEC EDGARWilliam H. Davis, Board member
38
SEC EDGARJason Tienor, Board member
39
SEC EDGARJames L. Peeler, Board member
40
SEC EDGARAnthony J. Paoni, Board member
41
SEC EDGARSeth D. Blumenfeld, Board member
42
SEC EDGARWarren Musser V., Board member
43
SEC EDGARDavid W. Grimes, Board member
44
SEC EDGARBARD ASSOCIATES INC SC 13G/A on TELKONET INC
45
SEC EDGARVDA GROUP S.p.A. SC 13D/A on TELKONET INC