The revenue for the first quarter of 2015 was flat for
Telkonet, but gross profit improved 21 percent,
according to a Wednesday report.
Despite flat overall
revenue of $2.6 million in the first quarter, recurring
revenue increased 8 percent when compared to the same
period in 2014. Gross Profit increased by $0.2 million
or 21 percent and gross margins increased to 48 percent,
compared to 39 percent.
Jason Tienor, CEO of Telkonet, the creator of the
EcoSmart platform of in-room automation solutions
integrated to optimize energy efficiency, comfort and
data collection, said the first quarter is generally the
company’s slowest period.
"While the year began slower than hoped, we’ve since
seen our deal flow increase rapidly as we’ve entered our
busiest season, especially for deployments within the
education market. This activity should enable our
continued year-over-year topline growth while driving
profitability for full year 2015," he said in a