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TEKUMO INC (TKMO) is a technology company specializing in innovative software solutions for various industries. Their core business involves developing cutting-edge software applications to streamline processes and enhance productivity. With a strong focus on research and development, TEKUMO has recently launched a groundbreaking AI-powered platform that has received rave reviews from industry experts. The company's financial stability is underscored by strategic partnerships with leading tech firms and a steady revenue growth trajectory. TEKUMO's commitment to excellence is evident in their diverse product portfolio, which includes software for data analytics, project management, and customer relationship management.
Tekumo (TKMO) has announced the appointment of Randy Parks as the new Vice President of Strategic Partnerships. Parks brings over 40 years of industry experience, having held leadership positions at companies including Insight and Diebold. His expertise spans Business Transformation, Service Delivery Operations, Mergers and Acquisitions, and Partnerships & Alliances.
The appointment aligns with Tekumo's focus on field services delivery platform that addresses the 'last-mile' of installing, monitoring, and maintaining technology systems and smart connected devices. The company operates at the intersection of service delivery 'Uber-ization' and AI-driven smart connected devices in the Industrial Internet of Things (IIoT) space.
The company's platform provides On-Demand local technician resources and smart interface for device management, serving various technologies including POS systems, kiosks, digital menu boards, and smart home devices.
Tekumo (TKMO) reported significant growth in 2024, achieving gross revenue of $4.36 million, marking a 62.1% YOY increase and a 43.8% Q4 over Q3 growth. The company maintained a 35.3% gross margin while operating at a net loss of $0.75 million (17.6% of Revenue).
Key developments include substantial progress in Tekumo software development, featuring automated workflows and AI-driven improvements. The company launched Tekumo Managed Services for OEM and Enterprise customer support, and strengthened its leadership team with key appointments bringing 90+ years of collective industry experience.
Operating in the global IT services market valued at $1.16 trillion, Tekumo targets multiple growth sectors including edge data centers (projected $45.57 billion by 2030), Industrial IoT (expected to reach $3.3 trillion by 2030), and WiFi market (forecasted $39.4 billion by 2028).
Tekumo (TKMO) reports strong Q3 2024 financial results with 218% year-over-year revenue growth reaching $2,884,632 for the first three quarters of 2024, compared to $1,320,616 in 2023. The company's trailing twelve months revenues increased to $4,283,956 from $1,680,298. Gross profit surged 238% to $1,869,494 while maintaining a 35% gross profit margin. Operating expenses as a percentage of revenue decreased by 16%. The company's TekumoPRO platform connects field service technicians with clients in real-time, offering installation, monitoring, and maintenance services for technology systems and smart connected devices.
FCCN Spectral Capital (OTCQB: FCCN) has appointed Derrick Youngblood, current Chief Revenue Officer at Tekumo (OTC: TKMO), to its Advisory Board. With over 20 years of sales leadership experience, Youngblood will guide FCCN's expansion of its Vogon decentralized edge and hybrid cloud platform across 16 global regions. The appointment aims to strengthen FCCN's global Managed Service Provider (MSP) partnerships and establish Vogon as a leading decentralized solution. The collaboration between FCCN and Tekumo focuses on empowering MSPs with scalable, edge-based cloud solutions.
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