Telkonet, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 07:28 am EDT
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Telkonet, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 1.94 million compared to USD 1.86 million a year ago. Net income was USD 0.008747 million compared to net loss of USD 0.155595 million a year ago.
For the six months, revenue was USD 4.09 million compared to USD 3.15 million a year ago. Net loss was USD 0.509081 million compared to USD 0.072856 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. 
