Tekumo Announces 218% YoY Growth in Q3 2024 Results
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.
Tekumo (TKMO) riporta risultati finanziari solidi per il terzo trimestre del 2024 con una Crescita dei ricavi del 218% rispetto all'anno precedente, raggiungendo $2.884.632 nei primi tre trimestri del 2024, rispetto a $1.320.616 nel 2023. I ricavi degli ultimi dodici mesi dell'azienda sono aumentati a $4.283.956 da $1.680.298. Il profitto lordo è aumentato del 238%, raggiungendo $1.869.494, mantenendo un margine di profitto lordo del 35%. Le spese operative come percentuale dei ricavi sono diminuite del 16%. La piattaforma TekumoPRO dell'azienda collega in tempo reale i tecnici di servizio sul campo con i clienti, offrendo servizi di installazione, monitoraggio e manutenzione per sistemi tecnologici e dispositivi connessi intelligenti.
Tekumo (TKMO) informa sobre resultados financieros sólidos para el tercer trimestre de 2024, con un crecimiento de ingresos del 218% interanual, alcanzando $2,884,632 en los primeros tres trimestres de 2024, comparado con $1,320,616 en 2023. Los ingresos de los últimos doce meses de la compañía aumentaron a $4,283,956 desde $1,680,298. El beneficio bruto se disparó un 238% hasta $1,869,494, manteniendo un margen de beneficio bruto del 35%. Los gastos operativos como porcentaje de los ingresos disminuyeron en un 16%. La plataforma TekumoPRO de la compañía conecta en tiempo real a los técnicos de servicio de campo con los clientes, ofreciendo servicios de instalación, monitoreo y mantenimiento para sistemas tecnológicos y dispositivos conectados inteligentes.
테쿠모(TKMO)는 2024년 3분기 재무 결과가 강력하며 전년 대비 수익이 218% 성장하여 2024년 첫 3개 분기에 $2,884,632에 도달했다고 보고했습니다. 2023년의 $1,320,616에 비해 늘어난 수치입니다. 회사의 최근 12개월 수익은 $1,680,298에서 $4,283,956로 증가했습니다. 총 이익은 238% 급증하여 $1,869,494에 이르렀으며, 총 이익률은 35%를 유지하고 있습니다. 매출 대비 운영비 비율은 16% 감소했습니다. 회사의 TekumoPRO 플랫폼은 현장 서비스 기술자와 고객을 실시간으로 연결하여 기술 시스템 및 스마트 연결 장치에 대한 설치, 모니터링 및 유지 관리 서비스를 제공합니다.
Tekumo (TKMO) fait état de résultats financiers solides pour le troisième trimestre 2024, avec une croissance des revenus de 218% d'une année sur l'autre, atteignant 2 884 632 $ pour les trois premiers trimestres de 2024, contre 1 320 616 $ en 2023. Les revenus des douze derniers mois de l'entreprise ont augmenté de 1 680 298 $ à 4 283 956 $. Le bénéfice brut a grimpé de 238% pour atteindre 1 869 494 $, tout en maintenant une marge bénéficiaire brute de 35%. Les dépenses d'exploitation, en pourcentage des revenus, ont diminué de 16%. La plateforme TekumoPRO de l’entreprise relie en temps réel les techniciens de service sur le terrain aux clients, offrant des services d’installation, de surveillance et de maintenance pour les systèmes technologiques et les appareils connectés intelligents.
Tekumo (TKMO) berichtet über starke Finanzzahlen für das dritte Quartal 2024 mit einem Umsatzwachstum von 218% im Jahresvergleich, das 2.884.632 USD in den ersten drei Quartalen 2024 erreicht, verglichen mit 1.320.616 USD im Jahr 2023. Die Umsätze der letzten zwölf Monate der Firma stiegen von 1.680.298 USD auf 4.283.956 USD. Der Bruttogewinn stieg um 238% auf 1.869.494 USD und hielt eine Bruttogewinnmarge von 35% aufrecht. Die Betriebsausgaben als Prozentsatz des Umsatzes sanken um 16%. Die TekumoPRO-Plattform des Unternehmens verbindet Techniker für den Außendienst in Echtzeit mit Kunden und bietet Installations-, Überwachungs- und Wartungsdienste für Technologiesysteme und intelligente vernetzte Geräte an.
- Revenue growth of 218% YoY to $2.88M in first three quarters
- Gross profit increase of 238% to $1.87M
- Maintained strong 35% gross profit margin
- Operating expenses as percentage of revenue decreased 16%
- Trailing twelve months revenue grew to $4.28M from $1.68M
- None.
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
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.
Safe Harbor:
Forward-Looking Statements
Any statements made in this press release which are not historical facts contain certain forward-looking statements, as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the Company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the Company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the Company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The Company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.
Colorado Springs
Phillip Dignan, President & CFO
719-419-6709
Investors@Tekumo.com
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