Business
Telkonet Announces Fiscal Year 2015 Financial Results
Telkonet Announces Fiscal Year 2015 Financial Results.
About this update from Telkonet, Inc.
[{"type":"text","content":"\n \n \n Telkonet Announces Fiscal Year 2015 Financial Results\n \n \nTelkonet Announces Fiscal Year 2015 Financial Results\n\nGrowth and Strategic Partnerships Help Achieve Gross Profit Increase of 15 Percent, Teleconference and Webcast to Be Held Today at 4:30 P.M. EDT\n\n \n MILWAUKEE, WI--(Marketwired - Mar 30, 2016) - Telkonet, Inc. (OTCQB: TKOI), creator of the EcoSmart platform of intelligent in-room automation solutions designed to optimize comfort, energy efficiency and operational analytics in support of the emerging Internet of Things (IoT), today announced financial results for fiscal year ended December 31, 2015. Telkonet management will hold a teleconference and webcast to discuss these results with the financial community today at 4:30 p.m. EDT/3:30 p.m. CDT. \n \"Telkonet's gross profit increased 15 percent on moderate revenue growth demonstrating healthy core financials that will allow the company to achieve maximum returns as we accelerate sales,\" said Jason Tienor, Telkonet CEO. \"And we've continued to expand our innovative Internet-of-Things platform and robust sales channel surrounding EcoSmart, our highest margin business line posting 23% year over year growth and positioning the business to take advantage of the rapidly growing IoT industry.\"\n Telkonet's goal to increase top line revenue growth is being achieved through strategic product, team and partnership growth. In 2015, the company demonstrated a commitment towards sales acceleration through several key initiatives:\n \n \n Research and Development: Telkonet invested in R&D to launch new products such as the innovative EcoTouch thermostat and evolutionary EcoSense+ and EcoContact+, to be announced today.\n \nTeam Growth: Key support staff has allowed the company to significantly extend sales efforts. An outside marketing firm was also retained to increase market penetration and awareness.\n \nKey Partnerships to Grow EcoSmart: A partnership with Deutsche Asset and Wealth Management was established to design, implement and fund energy savings upgrades for large-scale commercial properties, offering a 100 percent savings guarantee due to the ROI delivered by EcoSmart. Additionally, Telkonet partnered with Samsung to release and deploy the fully integrated Smart Hospitality Room to market and promote the EcoSmart platform in the hospitality sale...