Tekumo Inc (PK) News - TKMO

If they can maintain this growth rate like this: 218% or better, who knows?

==========================

New York, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Tekumo Inc. (TKMO or the "Company") announces its preliminary results for Q3, 2024.

Revenue for the first three quarters of 2024 increased 218% over the same period of 2023 to $2,884,632 vs. $1,320,616. Trailing twelve months revenues increased to $4, 283,956 from $1,680,298. Gross profit for the nine months increased 238% over the same period to $1,869,494 vs. $780,792 while continuing to maintain a 35% GPM. Operating expenses as a percentage of revenue decreased 16% during this period as well.

Tekumo Managed Services (TMS) continues to add significant breadth to our growing base of clients. Tekumo’s Chief Revenue Officer, Derrick Youngblood, stated “Our clients and prospects are looking to rapidly scale their technology driven businesses, not their bench of employees and contractors. They are interested in capturing actionable data on one platform that seamlessly integrates with their existing Field Service Management (FSM) systems. Our service platform, TekumoPRO, connects field service technicians, whether W2 or 1099, directly to our clients, in their existing environment, in real time. The flexibility to integrate and the depth of real time data is a game changer.”

“The TekumoPRO platform is really the future of work” says Tekumo CEO, Strings Kozisek. “We connect businesses with skilled and vetted local technicians and manage the entire service delivery process. Our robust analytics engine provides real-time data into financials, service metrics, and all measured KPIs in a way that does not exist in the industry today. Tekumo is extending our offering to include self-managed, assisted insourcing, and fully managed work orders, all backed with authentic data intelligence. We intend to fundamentally change how people are managed and how devices are installed, monitored and maintained.”

We encourage you to read our interim financial statements and notes for the quarter ended September 30, 2023, filed November 13 with OTC Markets.

CORPORATE OVERVIEW

The Company offers a field services delivery platform that solves the "last-mile" of installing, monitoring, and maintaining technology systems and smart connected devices. Distributed real-time data is at the core of all Tekumo offerings.

We play at the intersection of two major trends: the “Uber-ization” of product and service delivery, and the explosion of AI driven smart connected devices brought about by the “Industrial Internet of Things” (IIoT). Our Service Delivery platform is designed to intelligently automate the installation and maintenance of products by offering On-Demand local technician resources, as well as providing a “smart interface” for the monitoring and management of connected devices.

This service platform caters for a broad range of technologies from POS systems, kiosks, digital menu boards, print services, cameras, cabling, Wi-Fi and networking, as well as smart homes devices, wearable sensors, and access control.

Our platform results in “less people, less time and less cost” for our customers.

When we discuss our strategy, plans, future financial and operating performance, or other things that have not yet taken place, we are making statements considered to be forward-looking statements under United States (US) securities laws. Please see the disclosure relative to forward-looking statements at the base of this discussion.

About Tekumo, Inc.
Tekumo, Inc (OTC: TKMO) is an alternative reporting publicly held company that wholly-owns Tekumo LLC.

https://www.globenewswire.com/news-release/2024/11/14/2981321/0/en/Tekumo-Announces-218-YoY-Growth-in-Q3-2024-Results.html

$TKMO

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

Tekumo Inc (PK) (TKMO)

Your Hub for Real-Time streaming quotes, Ideas and Live Discussions

TKMO News

Form 1-A-W - Withdrawal of offering statement [Regulation A]

TKMO Discussion

Your Recent History

Company

Business

Popular

Get The App

Trending Now

Toplists