MeritValue

KonaTel, Inc.

KTELdata completeness 75%26 fiscal years on file
The thesis, from the filings

KonaTel, Inc. earns about -286% on equity, with a roughly flat share count. The cash-flow models don't apply cleanly here — the ledger says why below.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.

i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$12.8M1$20M2$18.2M3$15.5M4$8.45M4
Net income$622,9865−$2.95M6−$3.94M7$4.8M8−$2.65M8
Operating cash flow$211,9309−$1.82M10−$1.79M11−$3.99M12−$1.91M12
Capital expenditure—————
Free cash flow (derived)—————
Total debt—————
Cash & equivalents$932,78513$2.06M14$777,10315$1.68M16$704,86716
Diluted shares42.9M41.9M42.8M43.5M43.7M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
$0.09
your share of equity
Profit it earned you last year
−$0.61
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on $0.09 of net worth that earned you −$0.61 last year.

iii. Is this a good business?
Moat signal · return on equity
-286% avg · 5y
FY21 24%FY22 -648%FY23 —FY24 170%FY25 -689%

It earned an average -286% on equity over 5 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
+2% shares · 5y

Share count is roughly flat over 5 years — little dilution, little buyback.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
not applicable
only 0 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 0 years of FCF (need ≥3) — model not applicable
Earnings Power Value
not applicable
normalized (5y-median) earnings non-positive — EPV undefined
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2021-12-31 · accession 0001515971-23-000048 (Revenues)
  2. 10-K · period ending 2022-12-31 · accession 0001515971-24-000035 (Revenues)
  3. 10-K · period ending 2023-12-31 · accession 0001515971-25-000041 (Revenues)
  4. 10-K · period ending 2024-12-31 · accession 0001493152-26-017104 (Revenues)
  5. 10-K · period ending 2021-12-31 · accession 0001515971-23-000048 (NetIncomeLoss)
  6. 10-K · period ending 2022-12-31 · accession 0001515971-24-000035 (NetIncomeLoss)
  7. 10-K · period ending 2023-12-31 · accession 0001515971-25-000041 (NetIncomeLoss)
  8. 10-K · period ending 2024-12-31 · accession 0001493152-26-017104 (NetIncomeLoss)
  9. 10-K · period ending 2021-12-31 · accession 0001515971-23-000048 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2022-12-31 · accession 0001515971-24-000035 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2023-12-31 · accession 0001515971-25-000041 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2024-12-31 · accession 0001493152-26-017104 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2021-12-31 · accession 0001515971-23-000048 (CashAndCashEquivalentsAtCarryingValue)
  14. 10-K · period ending 2022-12-31 · accession 0001515971-24-000035 (CashAndCashEquivalentsAtCarryingValue)
  15. 10-K · period ending 2023-12-31 · accession 0001515971-25-000041 (CashAndCashEquivalentsAtCarryingValue)
  16. 10-K · period ending 2024-12-31 · accession 0001493152-26-017104 (CashAndCashEquivalentsAtCarryingValue)