Highlights of Q1 Earnings call for Telkonet 5/13/15. Reposted from Yahoo message board - posts by Pac257 and myself...
1) "In the first quarter recurring revenue grew by $70,000 or 7% year-over-year. Recurring revenue now represents 38% of total revenue compared to 35% of total revenue in Q1 last year."
2) "In the second quarter we've been experiencing increasing growth in hospitality projects as demonstrated by the growing number of projects awarded to EcoSmart both directly and through our channel partners. With more than 35 projects currently underway and a 10% increase in hospitality projects awarded year-to-date year-over-year."
3) "Our continuing growth in the education market has brought the total educational customer count to 23 with total revenue of more than $6.5 million since entering this space. This is important since the average revenue for education customer now stands at more than $285,000, significantly higher than the average hospitality customer."
4) "We closed 21 international projects thus far this year more than any other year at this point and we have the largest international project pipeline in the company's history at 115 projects worth more than $9 million."
5) "Looking forward we have numerous new exiting announcements coming up that we are eager to share with you, a few of these new announcements will be taking place at Hi-Tech 2015."
6) "Other significant developments include the deployment of some of the largest international and educational projects that we’ve been part of to-date and new growth in ESCO deployments especially those active in the military and government space."
7) "Lastly we are seeing increasing growth of integration with new devices and platforms within intelligent automation or the enterprise world of the internet of things or IOT. Our ability to connect to third party products and platforms has enabled us to become a part of a larger smart automation landscape."
My post below...
Nice post Pac. I'd like to add a couple things:
1. Most of the growth in the international market has just taken place in the past 12 months.
2. "Looking forward we have numerous new exciting announcements coming up that we are eager to share with you, a few of these new announcements will be taking place at Hi-Tec 2015 which is the largest hospitality show of the year between our new product introduction and a major new exciting relationships we are looking forward to garnering a large amount of interest at this year’s show....
3. "We have a number of different things that are coming to the pipeline right now Ed, the newest thermostat ...called our EcoTouch device has not been released to the public it has been and closed the marketing introduction to a number of our larger customers providing for them what the thermostat going to be and lining up orders for the first release of that product but it’s actual marketing release will be occurring at Hi-Tec year the third week of June. So as I said hasn’t been released to the open public but we’ve been talking about it in close meetings and had an enormous amount of positive feedback on it so we are looking really forward to its release."
4. "You will notice the new item on the proxy to approve an amendment and authorize the Telkonet Board of Directors the ability to proceed with a reverse stock split prior to the next annual shareholder meeting if they chose to do so....it all has tie together for the appropriate timing for the company and as you said really has an event that make sense for us not only to move through reverse stock split but fairly the be up listed at the same time."
SUMMARY - RAPID INTERNATIONAL GROWTH WITH LARGE PROJECTS, UPCOMING ANNOUNCEMENTS INCL "A MAJOR NEW EXCITING RELATIONSHIP", A NEW THERMOSTAT GETTING RAVE REVIEWS AND OTHER PRODUCTS IN THE PIPELINE, AND A POSSIBLE REVERSE SPLIT IN THE FUTURE THAT WILL BE COUPLED WITH MORE GOOD NEWS ABOUT THE COMPANY'S PERFORMANCE AND GROWTH PROSPECTS!
