MILWAUKEE - Telkonet Inc. on Wednesday announced a 62
percent increase in its revenue in the first quarter of 2013.
The Milwaukee-based energy management technology
provider reported revenue of $3.1 million in the first quarter,
compared to $1.9 million in the same quarter last year, according to
a company statement.
“I am extremely pleased with the revenue growth we
achieved in the first quarter, a quarter which, historically, has
been our slowest. We continue to see strength across all of our
addressable market sectors and the success we’re having in
establishing strategic partnerships is allowing us to quickly and
efficiently enter new and abundant marketplaces,” said Telkonet CEO
“The increase of over $1 million in revenue for
the quarter indicates the increasing demand for our energy
management technology solutions and that we have become a recognized
leader in this rapidly expanding industry,” Tienor added.