Telkonet Inc (fka TKO)

[siriusadult]

This came out today

Telkonet posts strong results

Aug 13, 2007 (M2 EQUITYBITES via COMTEX) -- Telkonet Inc (AMEX:TKO), a provider of in-building broadband access over existing electrical wiring and energy management systems, on 10 August announced results for the second quarter of 2007 ended 30 June 2007. Revenues for the quarter totalled USD3.7m, which was reportedly in the upper range of previously stated guidance. This was a increase over revenues of USD1.2m in the second quarter of the prior year and USD1.25m in the first quarter of 2007. Net loss for the quarter was USD4.6m or USD0.07 per share, as compared with a net loss of USD7.6m or USD0.16 per share in the second quarter of 2006, and a net loss of USD5.4m or USD0.09 per share in the first quarter of 2007. The company expects to accelerate its revenues growth during the second half of 2007 and into 2008.



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As of Thursday, 08-09-2007 23:59, the latest Comtex SmarTrend? Alert, an automated pattern recognition system, indicated a DOWNTREND on 03-05-2007 for TKO @ $2.61.

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