KTEL — what changed in the latest 10-Q
A section-by-section comparison of KTEL's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-20 vs the prior 10-Q · 2025-11-19
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +20 | −38 | 0 | 5 |
| Controls & procedures | Text added/removed | +3 | −2 | 0 | 1 |
| Risk factors | Text added/removed | 0 | 0 | ~1 | 0 |
| Other information | No paragraph-level changes | 0 | 0 | 0 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3), Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-20
In the quarter ended March 31, 2026, Hosted Services (“CPaaS services”) accounted for approximately 74% of total Company revenue, and Mobile Services accounted for approximately 26% of Company revenue. While the Mobile Services segment does include distributions from our IM Telecom partnership, mana…
Comparison of the three (3) months ended March 31, 2026, to the three (3) months ended March 31, 2025
For the three (3) months ended March 31, 2026, we had $1,905,062 in revenues from operations compared to $2,168,714 for the three (3) months ended March 31, 2025, for a total revenue decrease of $263,653. The decrease in revenue was primarily due to fewer activations and a lower revenue-per-user for…
For the three (3) months ended March 31, 2026, our cost of revenue was $1,099,458 compared to $1,516,821 in the three (3) months ended March 31, 2025, for a cost of revenue decrease of $417,363. Our cost of revenue decrease was primarily a result of a decrease in sales compensation and device costs …
For the three (3) months ended March 31, 2026, we had gross profit of $805,604 compared to $651,893 in the three (3) months ended March 31, 2025, for a gross profit increase of $153,711. This increase primarily resulted from a 40.7% improvement in our gross margin percentage resulting from higher gr…
Text removed vs the prior filing · source: 10-Q · 2025-11-19
With the expiration of the ACP on June 1, 2024, throughout 2024, the Company chose to expand and reallocate its resources in California to offset the potential risk of an ACP Program end. In lieu of retaining the ACP subsidy, California offers state and federal subsidies, which are similar in value …
In the quarter ended September 30, 2025, Hosted Services (“CPaaS services”) accounted for approximately 69% of total Company revenue, and Mobile Services (“Lifeline sales”) accounted for approximately 31% of Company revenue. The Lifeline Program is a U.S. government subsidized telecommunication prog…
During the first quarter of 2024, the Company entered into a Membership Interest Purchase Agreement with Excess Telecom (the “Excess Telecom Purchase Agreement”) to sell a minority (49%) non-controlling share of IM Telecom in consideration of the sum of $10,000,000. As part of this sale, the Company…
The Company and Excess Telecom have been working together to establish best practices in compliance and building an expanded ETC footprint in the United States for IM Telecom. In addition to its approved Federal Compliance Plan, IM Telecom has increased its state-authorized ETC approvals and is now …
In furtherance of their understanding to establish best practices and build an expanded ETC footprint in the United States for IM Telecom, on September 19, 2025, the Company and Excess Telecom executed a First Omnibus Amendment to Transaction Documents (the “First Omnibus Agreement”) and a Third Ame…
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-05-20
We maintain disclosure controls and procedures as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act that are designed to ensure that material information relating to us is made known to the officers who certify our financial reports and to other members of senior management and the Boa…
controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to our management, including our principal executive and principal financial officers, or persons performin…
While we do acknowledge that the internal controls over financial reporting were not effective as of December 31, 2025, as a material weakness related to the financial reporting of the IM Telecom sales transaction in 2024 was disclosed and financial statements were restated. Based upon this evaluati…
Text removed vs the prior filing · source: 10-Q · 2025-11-19
We maintain disclosure controls and procedures as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act that are designed to ensure that material information relating to us is made known to the officers who certify our financial reports and to other members of senior management and the Boa…
There have been no changes in our internal control over financial reporting during the quarter ended September 30, 2025, that have materially affected or are reasonably likely to materially affect our internal control over financial reporting.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice