Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Excellent there is still life on this board! It's just another delay as far as I'm concerned and an over reaction. Many thought this was going to be a quick momentum play so weak hands getting shook out and another opportunity to add to one's position. Hang on to your shares. The new CFO is a total heavyweight with extensive experience in M/A, and he's only getting paid $175K? His contract lists "incentives" to be determined....I am speculating he will receive either a hefty bonus if/when he brokers sale of the company, or receive some sort of stock options in anticipation of breakout revenues and uplisting next year. This guy has strong credentials and would NOT be coming to Telkonet unless there was a substantial opportunity for him. I don't agree with how Jason handled the call last week, but I do understand his attitude towards the negativity a little better, because he knows where our company is headed and has trouble relating to investor frustrations and impatience. Good posts on Yahoo if you haven't read them.
Marriott, Hilton, Disney, MIT, NYU, etc. etc etc all must think the energy savings provided by Telkonet are satisfactory
Eergy is significantly more expensive in South and Central America and our ongoing expansion into these markets should also help to significantly improve revenues.
I wish I had a definite answer. I think common sense would say insufficient marketing and market exposure, which if true, would support the strategy of expanding their channel partnerships. What better way to penetrate the market then integrating and partnering with the major HVAC players - Trane, Carrier, Islandaire - as well as Samsung and JCI? I think Q3 was just too early to see the benefits of the strategic moves they've made this year. What other company out there can claim a 35-45% reduction in a client's energy bills? This world is rapidly moving towards building automation and IoT and they are just too well positioned not to capitalize on it. We don't know what else exactly they are up to with product development....they are always very tight-lipped about their plans, which is understandable in the tech world, although more PR's would do our pps a favor. I am open to considering other ideas.
It's been a turning-point year for Telkonet....we became profitable only this year and just look at our newly forged alliances... all just since May 2015:
Trane May 26
Samsung June 15
Deutsche Sept 14
Plus...
Carrier ? (no formal announcement date)
Zebra ? (no formal announcement date)
Not to mention the EIGHTEEN other partners listed on the website (and some are NOT listed, such as Zebra)
So yeah, let's keep it real. The benefits of these newest and most important partnerships are simply not going to be recognized so quickly. This is a process and yeah they had a #$%$ quarter. There will be far, far better quarters down the road I have no doubt. I love the analogy to an acorn that is just starting to sprout and I too am happy to hang on to TKOI and continue to build my position even further. The payoff is going to be early retirement for this bird. Recurring revenue is up dramatically, Ecosmart is continuing to gain traction and Jason mentioned new products in the pipeline. They will be saving $500K annually on previous lease expenses at the start of the year. I could not listen to the live call but was surprised nobody asked about where things stand with our entry into the residential market. Telkonet remains a PRIME buyout candidate. For anyone who has not read the article "Upstart Innovators Are Positioned to Disrupt Incumbents in HVAC Sensing, Controls and Services Combinations" by Lux Research, I encourage you to do so. Link: http://blog.luxresearchinc.com/blog/2015/10/upstart-innovators-are-positioned-to-disrupt-incumbents-in-hvac-sensing-controls-and-services-combinations/
Patience and vision are virtues people. Take this as an opportunity to accumulate as I have done. Buy and hold... it is a time-tested way to real wealth.
Revenue not what I expected but margins better and doesn't change my outlook....I've waited this long. Expecting good things on the call and am collecting .25 shares today.
Thanks Mike and same to you, even though you took those .27 shares yesterday that were CLEARLY marked for my account. Work might prohibit me from listening to the live call, so take notes for me buddy.
Not me. I tried but funds didn't clear yet due to the holiday.
Me too. Only time will tell....unless they get bought first. I honestly don't think people are thinking big enough with this company. They have laid the groundwork for exponential growth. It seems not many grasp this. They have both premier partners and clients and are truly in the right place at the right time. And trading at 0.27? Unreal.
Mike,
Check out today's Yahoo post by BDN3030...he's made some insightful posts. With our big name partners and international expansion and the potential residential market, I too believe a $10M+ quarter is quite possible (or probable?) within the next year.
Have to wonder how the next three days are going to shake out and am funding my account to possibly add to my position. Been reading recent articles about IoT plays but ironically no mention of one of the most promising stocks out there. I think pretty soon I will be able to finally step down from my soapbox. There is mention of future $10-15M quarters on the Yahoo board, and we also have a new institutional investor - City National Investments. Exciting times for sure. GLTA.
Close but no cigar, although flat beats red. I can say though that we never would've held up like that six months ago. I picked up a few more today but wish I could've bought a lot more. I don't know what revenues are going to be next week but do expect great things on the call.
LOL. Haven't gotten an offer yet. But I have heard that I've been mentioned at board meetings. What I'd really like is an invitation to microcapclub :)
As for Samsung, I am just postulating ... seems it would be a natural fit, although the residential market is an entirely different beast, so who knows. Time will tell.
Telkonet and Samsung. Food for thought as we head into our earnings and call next week...
Seems quite odd that Samsung is pushing so hard into the internet of things but does not offer a thermostat, which really is the most functional reason to utilize IoT for a smart home. Just so happens that Telkonet does have a best-of-industry smart thermostat, and by golly we already have a relationship with Samsung! Thus I have to wonder if we will be partnering with Samsung with a dumbed-down, residential version of the new EcoTouch thermostat. Of course we also have lots of other partners who could help introduce and market us to the residential market, but who other than Nest and Apple has better name recognition? Any other ideas out there?
BTW Telkonet is presenting at The Hotel Experience in NYC with Samsung and Carrier Enterprise Nov 8-10. Per the Hotel Experience (HX) website, "HX is the best-in-class show — if you’re serious about hospitality, you’re seriously here. Over 500 makers, marketers, and masters of hospitality converge to create the LARGEST HOSPITALITY SHOW IN NORTH AMERICA."
I would say that you revised your Q3 revenue estimates based on the LACK of price movement! Let's hope we get over .27 tomorrow. Sorry ... I have no clue and I don't know how anyone could. I think 5M is a reasonable expectation. I am hoping for 5M+ but the call is what I am really looking forward to most of all, to find out what irons we have in the fire, because share prices are all about future earnings potential right? What is the status of our entry into the residential market? Is Deutsche financing any big projects? How big is the Disney project and are there others? What kind of business are we seeing generated from the Trane and Samsung deals? Do they have anything to say about our partnerships with Carrier and Zebra? Any new partners? Any new projects? What kind of backlog do we have? All of these things will impact future quarters, especially our historically weak Q4 and Q1 quarters. Should be a hoot!
I am OCD about my Telkonet DD. They just need to be bought up and get it over with already and then I can move on LOL. But seriously how much more evidence do people need to see that TKOI is a prime acquisition target for JCI and others?
Looks like the evil forces are at work once again today trying to knock us down one last time before earnings.
Read this folks re. Telkonet: "Upstart Innovators Are Positioned to Disrupt Incumbents in HVAC Sensing, Controls and Services Combinations" From Lux Research Analyst blog Oct 24, 2015.
Pay particular attention to the last paragraph, particularly the second sentence: "These companies should look to partner or acquire companies of interest in the near term". Link at bottom.
Buildings represent the largest energy end use in the world, consuming one third of all final energy, and half of global electricity. In commercial buildings, almost 40% of this energy is consumed by equipment that conditions indoor environments – heating, cooling, and ventilating them. To improve the efficiency and quality of space conditioning, a number of new entrants have developed advanced HVAC technologies. While there are promising innovations in heat and enthalpy recovery, there is a plethora of sensors and controls companies poised to uproot the large incumbents. The Lux Innovation Grid for these companies illustrates the quality and quantity of emerging solutions providers, and the broader learning that comes from it.
While the “Dominant” quadrant is crowded, several of the companies have one trait in common – they are all focused squarely on a narrow vertical, namely hotels and data centers. Telkonet, for example, is focused on the hotel and hospitality segment. Its thermostats, while similar in capabilities to many of the competitors, are programmed to properly manage temperature drift (from a pre-defined set point); this is how it minimizes cooling unoccupied guest rooms, despite constantly-fluctuating occupancy. Similarly, Vigilent is exclusively focused on the data center segment. The company uses a network of temperature sensors, coupled with HVAC controllers, to minimize hot spots among data center server racks. The goal is not only energy savings, but also minimizing equipment failures in mission-critical applications due to inadequate cooling. It is not just the building application segment that provides a success indicator. The most pervasive type of companies across the “Dominant” quadrant are those with comprehensive building sensing and control product suites as opposed to isolated technologies. Specifically, Daintree Networks, Cylon Controls, Enlighted, Distech Controls, and Entic all touch multiple building systems, with the core primary systems being HVAC, lighting, and security. Building owners are showing insatiable interest in these platforms, and both Daintree and Enlighted have noted growth of over 300% over the past 12 months. The companies that can supply a comprehensive solution mean owners can centrally manage major functions, such as lighting and temperature control – a strong benefit. Business models also come into play of course with several of the companies mentioned above, such as Entic, offering a packaged service model instead of selling hardware alone. This is subtly different from Enlighted, which offers turn-key, third-party-financed lighting retrofits. In the case of Entic, the company is amortizing the cost of its hardware and charging building owners a monthly fee – which includes installation.
Just as in the BEMS software space, startups are innovating faster with HVAC technologies than their larger incumbent peers. These companies should look to partner or acquire companies of interest in the near term. This has already begun, as the Zehnder Group established a strategic partnership with dPoint Technologies, and Seeley International acquired Coolerado in mid-2015. Similarly for sensing and controls startups, Acuity Brands acquired Distech Controls early in 2015, and Ingersoll Rand’s building equipment company Trane has engaged Entic to supply sensors and software for its “comfort as a service” offering. Given the high quality startups across the HVAC technology spectrum, bigger players must act fast – or risk getting left behind.
Link: http://blog.luxresearchinc.com/blog/2015/10/upstart-innovators-are-positioned-to-disrupt-incumbents-in-hvac-sensing-controls-and-services-combinations/
I'll admit I've been disappointed often enough that I'll be happy with anything over 5M. They are hoping to even out their revenue stream so Q4 and Q1 - which are historically weak - come up. I expect they are doing bigger contracts now, as well more international work, which may carry over into Qs 4 and 1 and improve those numbers, but this might come at the expense of Q3... if that makes sense. I am very much looking forward to the call and finding out what irons they have in the fire.
I was hoping some of those 200,000 shares went to you! And was surprised that the order actually got filled. It was there a few days ago but then disappeared until today. Patient buyer.
Beautiful rebound. Green close on big volume is bullish for Telkonet!
Nice mention of Telkonet by Groom Energy, one of our partners.
Originally posted last week on the Groom Energy blog, but below is the link to the article on Greentechmedia. Very awesome to see Nest and Telkonet mentioned in the same article....it's about time!!! I have been trying - unsuccesfully so far - to get Greentechmedia to do a feature story on Telkonet. Not many green tech companies can boast of their ability to immediately and consistently save their clients 35-45% on energy costs. I thought with their recent partnerships with Trane, Carrier and Samsung, and their plans to enter the residential market, Greentech media would be all about it, but was told "their approach is still similar to what it was a few years back when we covered the company."
http://www.greentechmedia.com/articles/read/the-art-and-science-in-determining-occupancy
Yes very quiet. We are doing our classic downward drift, although I'm not worried and actually picked up another 10,000+ at .26-.265 this past week. News is what is going to drive us up again and over the hump. I am expecting more announcements before earnings to lift us up into the upper 20s / low 30s, although it's possible there won't be any until earnings. Three short weeks to go!
What a perfect setup so far. I expect more announcements before earnings, which should get us over 0.30, and then we run after earnings.
Tried to pick up some loose shares today around .26, waiting for the MM's old tricks, but no luck. Under the circumstances even those .28 shares are mighty tempting right now.
Telkonet's close partner....Johnson Controls Expands at Chicago's Merchandise Mart.
Combining technologies from its two Milwaukee area businesses, Johnson Controls Inc. this week is unveiling its first products for the energy storage market for buildings.
The distributed energy storage business is using lithium-ion batteries that Johnson Controls manufactures for hybrid vehicles and incorporating them into storage systems that use controls and software from the company's building efficiency business.
The company has landed the Merchandise Mart building in Chicago as a customer for a small in-the-building storage system and is working to commission a large system at a U.S. military base in Puerto Rico....
...Chicago’s iconic Merchandise Mart is the world’s largest LEED-EBOM-certified building and the world’s largest commercial building. It covers 2 city blocks, encompasses 4.2 million square feet, houses scores of tenants, stores, and trade shows, and welcomes 10 million visitors a year. Keeping all those people comfortable in an energy efficient manner is a massive challenge -- especially during Chicago’s severe summers and winters.
I have no knowledge that Telkonet is involved in this project, but I wouldn't be surprised if we start to get involved in these super large buildings. I suspect the Duetsche financing deal is geared toward this type of project....
Telkonet's push into the residential and retail markets should be happening soon.
During the Q1 earnings call, Jason stated that their EcoTouch thermostat will be more specifically targeted to multi-dwellling units (eg apartments) initially, and they would actually need to strip away much of the engineering to make the device applicable to the residential market. Then in their recent Deutsche announcement, it was stated "Telkonet will make the Energy Savings Agreement available to its existing and prospective clients in hospitality, education, PUBLIC HOUSING, RETAIL and senior living facilities who wish to upgrade their facilities to become more energy efficient and fund the upgrades through the generated savings. Next, in the Q2 earnings call, Jason mentioned upcoming new releases, including "a next generation EcoSense wireless sensor, EcoContact wireless door and window contact, and finally and possibly most important our EcoConnect wireless gateway, which positions us well for the SMALL RETAIL and CONSUMER markets". He also mentioned that the new EcoTouch thermostat "was called the best device seen on the floor" at the HiTec conference in June.
CLEARLY WE ARE POSITIONED FOR ENTRY INTO THE RETAIL AND THE RESIDENTIAL / CONSUMER MARKETS VERY SOON. If you have not read the post below about Chicago's push for 1M smart thermostats to be installed by 2020, you should...it shows the rapidly rising demand for smart thermostats and energy efficiency and the opportunity it presents. HUD alone spends $4-6B a year on energy bills, which alone presents yet one more giant opportunity for Telkonet.
We are just now starting to get a taste of where Telkonet ... and its share price ... is headed. It is my belief that Telkonet technology will be routinely used in all manner of buildings, both commercial and residential, in the very near future, and ultimately it will be a household name, as common as (the technologically inferior) Nest.
NEW TELKONET 52-WEEK HIGH CLOSE OF 0.28!!!
Did you pick up any more shares Mike?
Chicago’s top power company wants to install a million smart thermostats in homes by 2020
Washington Post, Oct 8, 2015
The single biggest way we use energy in our homes is through heating in winter. The third biggest is through cooling in summer. For most of us, in-home thermostats govern both of these functions — which is what makes an announcement out of Chicago on Thursday so potentially significant.
EPA Administrator Gina McCarthy was on hand as ComEd, the biggest power company in Illinois with 3.8 million customers, announced a program designed to get 1 million “smart” thermostats into homes in its service area by 2020. The utility will accomplish this by discounting the cost of Nest and Ecobee thermostats dramatically, providing rebates up to $120 on devices that typically cost $249. The program includes the participation of gas utilities Nicor Gas, North Shore Gas and Peoples Gas.
ComEd, which is a part of Exelon, isn’t the only utility company in the country pursuing the installation of smart thermostats to reduce customers’ electricity use, particularly during peak hours and on extremely high-demand days, which can strain the grid. The large utility Southern Co., for instance, is giving away Nest thermostats to customers who sign up for a “smart usage” rate plan in which power costs more at times of peak demand and less at other times.
Still, the new Chicago and northern Illinois program is the “largest effort of its kind in the country,” according to the Environmental Protection Agency. It is being announced as a partnership with advocacy groups, including the Environmental Law and Policy Center, which has lobbied ComEd to improve its energy-efficiency programs, and is celebrating the new initiative.
“We just don’t know of anybody who is doing it at this level, and this magnitude, where they’ve set a target of 1 million over the next five years,” says Rob Kelter, a senior attorney with the Environmental Law and Policy Center. “This is the start of some new, innovative efficiency programs.”
“We think the savings are going to be substantial, they’re going to outweigh the extra costs that a customer would have to incur to install them,” Val Jensen, ComEd’s senior vice president for customer operations, says of the smart thermostats. Jensen likens them to the next thing to come along in energy efficiency after the compact fluorescent lightbulb.
“In the past 10 years, that’s been the only tangible way you can talk to people about energy efficiency,” he says of CFLs, “and these new thermostats provide an exciting way to get customers’ attention.”
The program comes as the Obama administration’s Clean Power Plan will exhort states and their power companies to cut their greenhouse gas emissions sharply, and increasing energy efficiency — in this case, getting an adequate amount of home heating and cooling while using less energy overall — could be one way of doing so.
Analysis by the Environmental Law and Policy Center suggests that a million smart thermostats installed in northern Illinois would lead to 709,000 metric tons fewer carbon dioxide emissions per year. It also estimates that, for customers swapping out a manual thermostat for a smart one, the savings could be as much as $131 annually on their bills (both electricity and gas).
The smart-thermostat revolution has been coming on strong of late, and none too soon — growing research has suggested that “programmable” thermostats, which do have theoretical potential to save users a lot of money and electricity if properly used, often baffle and befuddle people.
The basic idea is to program the thermostat to turn down the air conditioning or heating during the hours when you’re away from home, when running either would waste a great deal of energy. Another way to save electricity, meanwhile, is to program the device to lower the A/C on summer nights when it’s cooler outside and to take down the heat during winter days when it’s warmer.
Theoretically, programmable thermostats can let you do that, but because of problems with their use, the new generation of “smart” thermostats, such as the Nest, are being turned to perform the same job (and others). These WiFi-enabled devices learn an individual’s routines and interact with him or her to figure out how energy savings can be achieved and can automatically lower the air conditioning or heating if they sense that nobody is home.
According to Nest, its devices can save, on average, 10 to 12 percent on heating bills and 15 percent on cooling. Ecobee, another smart thermostat maker, claimed even higher savings — an average of 23 percent.
But there is also probably a benefit to the power companies — if the smart thermostats can be paired up with “smart rates,” as Southern Co. is doing, then there will be an incentive for customers to use less at times of peak demand, which will better help ComEd manage the grid.
So, in sum, it’s the kind of partnership that we’re likely to see more and more of.
“We think ultimately these learning thermostats, and their capability, is going to give us some really interesting options for customers to manage their energy use,” ComEd’s Jensen says.
WONDER WHEN WE WILL BE ENTERING THE RESIDENTIAL MARKET??!!
Judging by the time of morning that you wrote your post, you do look wide awake haha.
A new 52 week Telkonet high of .2799 today!
vs. .275 on Aug 20.
We are up nearly 5 cents since Monday's open...almost 25% by my calculations....and like SPM wrote earlier, this board is snoozing. WAKE UP!!!
Let's hope for a solid .28 or better close tomorrow - that should get noticed and attract new buyers over the long weekend.
You are starting to sound like me LOL. Been beating the drums for a very long time on this one and that has fallen on mostly deaf ears. I just don't understand it. As far as I'm concerned, this is the best bet out there right now on ANY exchange.
We are nearing the 52 week high of .28. Once we cross that, THAT should attract some attention!
Joe Springer strikes again with another Telkonet article. Go Joe!
TKOI: Follow The Insiders In This Tech Company, The Best Gains In The Market May Await
Link: http://seekingalpha.com/article/3557396-follow-the-insiders-in-this-tech-company-the-best-gains-in-the-market-may-await?app=1&auth_param=10sn7d:1b1ar37:f8c1b4132dace9560e7bd8497cfc97fd&uprof=74&dr=1
Feelin all warm and fuzzy inside
YOU have been waiting so long? Got ya beat there LOL. Looking long and strong. Wondering when more good news will be released...seems to be occurring regularly now.
I do like that end-of-year prediction of yours!
It's actually 8 positions on the Telkonet website. They've been advertising for 8 positions for at least several weeks now. Last year they had up to 12 or 13 positions at one point.
Encouraging Telkonet action today, perhaps the Disney deal has circulated and caused the buying interest. Lots of rooms in the Swan and Dolphin hotels, and Disney has many, many more properties.
I can tell you that management has previously indicated they would not even consider a buyout at less than $1 per share, and I expect they will have bumped up that figure significantly by now with all the good news over the past year.
Telkonet news seems to be picking up the pace recently....Deutsche financing for truly BIG projects (this announcement is highly significant and has not made the waves it should have), a new partner with AJM Solutions Group in Canada, Kimpton Hotels using Tekonet for a second property, Disney adopting Telkonet technology, and a weekly feature by Falconstocks...all just in the past month!
Nice prediction on the share price and entirely possible after Q3 earnings are announced in just 5 or 6 weeks. Telkonet used to keep me up at night worrying I was going to lose my money....now it keeps me up at night wondering exactly how much money it is going to make me LOL.
I half expect a buyout announcement any day. Also haven't heard much about their new EcoTouch thermostat....they previously indicated they would be entering the residential market this fall, which is Now!
Disney now a Telkonet customer.
"Lake Buena Vista, Fla. – Oct. 1, 2015 – The largest makeover in the history of the Walt Disney World Swan and Dolphin Hotel is one step closer to completion. The hotel has completed redesigning every guest room in the 758-room Swan Hotel. The work is part of a multi-phase, multi-year, $125 million redesign project that will transform every guest room in both the Swan and Dolphin buildings. The first phase of the 1,509-room Dolphin starts later this year...."
That is a combined room count of 2267 rooms! Not sure if Telkonet is being used in all rooms but would expect so.
Link to Telkonet tweet: https://twitter.com/Telkonet?ref_src=twsrc^google|twcamp^serp|twgr^author
Kimpton Hotels Expands use of Telkonet’s EcoSmart Platform to Second Property to Reduce Energy Expense
September 28, 2015
Telkonet, Inc. (OTCQB: TKOI), creator of the EcoSmart platform of in-room automation solutions integrated to optimize energy efficiency, comfort and data collection in support of the emerging Internet of Things (IoT) today announced that Kimpton® Hotels and Restaurants, the largest chain of boutique hotels in the United States, recently adopted the EcoSmart platform at a second property, the Hotel Marlowe in Cambridge, Massachusetts, to be used in all of its guest rooms and suites to reduce energy expense. Kimpton Hotels is a hotel brand of InterContinental Hotels Group(NYSE:IHG), one of the world's leading hotel companies with 724,018 rooms in more than 4,900 hotels in nearly 100 countries around the world.
Link: http://telkonet.com/press/9-28-2015%20Telkonet%20Kimpton%20Hotel.pdf
Yet another partner. AJM Solutions Group in Canada.
Link:
http://www.ajmsolutionsgroup.com/pdf/sep23-2015.pdf
Exactly what I thought was going on, but nobody has ever confirmed my suspicions. Looks like it's happening today too.
BTW Telkonet was recommended by falconstocks.com last week and they have a very solid reputation and excellent track record from what I've discerned.
The news today opens up additional markets for Telkonet. Commercial real estate has many possibilities and Telkonet could prove to be a very valuable partner. Or acquisition for someone.
Thanks.