Konatel SEC Filings

KonaTel, Inc. (KTEL) filed its Q3 2025 10-Q, reporting much lower revenue and a swing back to losses as government support programs expired. For the quarter ended September 30, 2025, revenue was $2,173,273, down from $3,148,409 a year earlier, with a small net loss of $45,094 versus a $1,188,914 loss in Q3 2024 as costs were cut sharply.

For the first nine months of 2025, revenue was $6,500,643, down 50.5% from $13,127,425, and the company posted a net loss of $2,149,030 compared with net income of $5,784,473 in the prior-year period, which had included a large gain on selling 49% of IM Telecom. Cash was $1,182,429 and total liabilities $2,682,592, with stockholders’ equity falling to $423,190 and an accumulated deficit of $9,896,903.

Management attributes the revenue decline mainly to the June 2024 expiration of the Affordable Connectivity Program and continued weakness in mobile services, partly offset by growth in hosted services such as IoT POTS replacement and SMS messaging. The company discloses that limited cash, ongoing losses and dependence on new initiatives raise substantial doubt about its ability to continue as a going concern over the next twelve months, though it is pursuing hosted services growth, a healthcare-related mobile initiative and retains access to a $5 million line of credit.

KonaTel, Inc. (KTEL) filed a Form 12b-25 (NT 10-Q), notifying a late filing for the quarterly report for the period ended September 30, 2025. The company checked the box indicating the delay could not be eliminated without unreasonable effort or expense and stated it is completing its unaudited financial statements.

KonaTel expects to file the Form 10-Q on or before November 19, 2025, within the five-calendar-day extension allowed for quarterly reports. The company indicated all other required periodic reports over the past 12 months have been filed and does not anticipate a significant change in results of operations versus the prior-year period.

KonaTel, Inc. (KTEL) director Robert Matthew Beaty reported an insider transaction. On 11/11/2025, he exercised 25,000 options at $0.0627 per share (transaction code M) and conveyed 5,600 shares to the company (code J) as payment for the exercise, according to the explanation provided.

Following these transactions, he beneficially owned 199,068 shares directly. The derivative table shows 1,000,000 options beneficially owned following the reported transactions, spanning multiple grant dates and exercise prices under the company’s Incentive Stock Option Plan.

D. Sean McEwen, Chairman and CEO of KonaTel, Inc., reports beneficial ownership of 16,934,262 shares of common stock, representing 37.2% of the class based on an adjusted outstanding share count of 45,533,480 shares used for this filing. The filing discloses that on September 16, 2025 Mr. McEwen exercised 375,000 non-compensatory stock options (two tranches of 187,500 each) at $0.22 per share for aggregate consideration of $82,500, paid by credit against deferred compensation. Mr. McEwen has sole voting and dispositive power over these shares and previously acquired 2,000,000 shares in a 2020 private purchase. The filing lists no legal proceedings and states no other arrangements affecting voting or transfer of the securities.

Sean McEwen, Chairman and CEO of KonaTel, Inc. (KTEL), exercised 375,000 common stock options on 09/16/2025 at an exercise price of $0.22 per share, resulting in 16,934,262 shares beneficially owned following the transaction. The $82,500 exercise price was paid to the company by credit against deferred compensation previously owed to Mr. McEwen; that set-off had been approved by the company's board on January 11, 2022. These options trace to a 2017 merger in which Mr. McEwen received non‑compensatory options and shares in exchange for his prior ownership in KonaTel Nevada. The Form 4 is signed by Mr. McEwen and reports both the non‑derivative increase in common shares and related option exercises recorded on the same date.