Telkonet posts 18% revenue growth in Q2

Site Staff,

Telkonet, the Milwaukee-based developer of the EcoSmart energy management system, today posted revenue of $3.5 million for the quarter ended June 30, 2012, an increase of 18% over the $2.9 million for the same quarter of 2011, and an increase of 80% over the $1.9 million for the first quarter of 2012.

Net income for the second quarter was $200,000, an increase of $900,000 over a net loss of $700,000 for first quarter of 2012.

Telkonet management will hold a teleconference and webcast to discuss these results with the financial community on Tuesday, Aug. 14, at 4:30 p.m. Central Time.

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