Telkonet, Inc. (OTCMKTS:TKOI) Crashing After Latest Financial Results
[[tagnumber 0]][[tagnumber 1]]After Telkonet, Inc. (OTCMKTS:TKOI) experienced a few surges since the beginning of the year we saw the ticker climb above the 25 cent per share mark in the beginning of last month and the price became fairly stable for a while.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The company isn’t known for issuing a lot of press releases so the recent stability wasn’t something that surprising. Meanwhile, we saw [[tagnumber 6]]TKOI[[tagnumber 7]] file its financial report for the third quarter of the year and it contained the following numbers of prime interest.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $1.09 million[[tagnumber 13]] [[tagnumber 12]]current assets: $4.68 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $4.53 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $4.05 million[[tagnumber 13]] [[tagnumber 12]]quarterly net income $269 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Those are some pretty decent numbers for an OTC entity and the fact that the company is able to operate at a profit makes things all the better. So why is the market reacting so poorly after the report. Last week we saw some rather nasty performance from [[tagnumber 6]]TKOI.[[tagnumber 7]][[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]After the report was filed on Thursday we saw the ticker lost 8.73% in the very same session. The loss in the next day amounted to 14.34% and [[tagnumber 6]]TKOI[[tagnumber 7]] finished the week with a price of $0.215, while a total of 876 thousand shares changed their owners and generated $196 thousand in daily dollar volume, the biggest since the beginning of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The ticker gapped further down today, but managed to recover some of the value. Still, [[tagnumber 6]]TKOI[[tagnumber 7]] is sitting 5.12% in the red as of the writing of this article and you should be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]
