Telkonet, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 16, 2021 at 08:31 am EDT
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Telkonet, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 1.855 million compared to USD 1.281 million a year ago. Operating loss was USD 149,583 compared to USD 943,299 a year ago. Net loss was USD 155,595 compared to USD 950,097 a year ago. For the half year, total revenue was USD 3.149 million compared to USD 3.085 million a year ago. Operating loss was USD 979,879 compared to USD 1.583 million a year ago. Net loss was USD 72,856 compared to USD 1.602 million 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. 
