Tekumo - TKMO STOCK NEWS

Tekumo (TKMO) has successfully completed Project 'Onsite Excellence', a transformative initiative with a Fortune 1000 Global IT Services partner that generated over $2.5 million in savings over 12 months. The project, focused on identifying and eliminating onsite inefficiencies, impacted over 29,000 work orders.

The company implemented more than 50 system and process changes throughout the project, addressing challenges such as Time To Task issues, missed SLAs, and unidentified onsite delays. These improvements are expected to continue generating savings for the duration of the contract.

Tekumo (TKMO) has announced an international partnership with Chilldyne for installation and technical support services across North America and Japan. The collaboration focuses on enhancing decentralized data centers through Chilldyne's liquid cooling technology and Tekumo's FSM Platform marketplace.

Through this partnership, Tekumo will facilitate the installation, maintenance, and support of Chilldyne's direct-to-chip liquid cooling systems, connecting data centers with certified professionals. The partnership aims to address the growing demand for efficient cooling solutions in the expanding data center market.

Market data indicates significant growth potential: The U.S. data center market was valued at USD 50.76 billion in 2022, with an expected CAGR of 10.7% from 2023 to 2030. The global edge data center market, valued at USD 9.30 billion in 2022, is projected to reach USD 41.60 billion by 2030, growing at a CAGR of 20.9%.

Tekumo (TKMO) has announced the launch of TekumoPRO Version 2.0, an enhanced Uber-like service delivery platform for the Onsite Field Service Industry. The platform enables customers to self-manage and insource service providers while maintaining a unified process and streamlined data flow.

Key features include:

• Automated workflow management across internal and external workforce
• Dynamic guardrails with systematic monitoring and alerts
• Real-time communications between all stakeholders
• Data-driven process improvement
• Three-tiered service approach combining W2 employees, preferred vendors, and contractors

Currently in Beta with select clients, TekumoPRO 2.0's full version is scheduled for production release by the end of April 2025. According to CEO Strings Kozisek, the platform delivers better service at a fraction of the cost compared to legacy systems.

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.