Industry-Changing Multi-Benefit Service Platform for Technology Systems & AI Smart Devices Drives; 218% Revenue Growth for Tekumo: Stock Symbol: TKMO
The Floridant/10291330

COLORADO SPRINGS, Colo. - Floridant -- Field Services Delivery Platform Solves the "Last-Mile" of Installing, Monitoring and Maintaining Technology Systems and Smart Connected Devices.

Addressing "Uber-ization" of Product & Service Delivery, and AI Driven Smart Connected Services Brought About by the "Industrial Internet of Things" (IIoT).

Covers POS Systems, Menu boards, Print Services, Cameras, Cabling, Wi-Fi and Networking, Plus Smart Home Devices, Wearable Sensors and Access Control.

Revenue for the First Three Quarters of 2024 Increased 218% Over the Same Period of 2023 to $2,884,632 vs. $1,320,616.

Trailing Twelve Months Revenues Increased to $4, 283,956 from $1,680,298.

Gross Profit for Nine Months Increased 238% Over Same Period to $1,869,494 vs. $780,792 While Continuing to Maintain a 35% GPM.

Tekumo Inc. (Stock Symbol: TKMO) offers a field services delivery platform that solves the "last-mile" of installing, monitoring, and maintaining technology systems and smart connected devices. Distributed real-time data is at the core of all TKMO offerings.

TKMO plays at the intersection of two major trends: the "Uber-ization" of product and service delivery, and the explosion of AI driven smart connected devices brought about by the "Industrial Internet of Things" (IoT). The TKMO Service Delivery platform is designed to intelligently automate the installation and maintenance of products by offering On-Demand local technician resources, as well as providing a "smart interface" for the monitoring and management of connected devices.

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This TKMO service platform caters for a broad range of technologies from POS systems, kiosks, digital menu boards, print services, cameras, cabling, Wi-Fi and networking, as well as smart homes devices, wearable sensors, and access control.

The TKMO platform results in multiple benefits for its users as follows:

Save Money & Time: Less people and time to monitor and manage
assets.

Improve Efficiency: Use a single interface to manage all service
events and escalations..

Install, Monitor & Manage: All Connected Devices and Systems.

TKMO serves customers in all of these important industries:

OEM's & MSP's Retail, Information Technology, Smart Buildings/Homes, Aging/Assisted Living and Hospitality.

218% YoY Growth in Q3 2024 Results

On November 14^th TKMO announced its preliminary results for Q3, 2024.

TKMO revenue for the first three quarters of 2024 increased 218% over the same period of 2023 to $2,884,632 vs. $1,320,616. Trailing twelve months revenues increased to $4, 283,956 from $1,680,298. Gross profit for the nine months increased 238% over the same period to $1,869,494 vs. $780,792 while continuing to maintain a 35% GPM. Operating expenses as a percentage of revenue decreased 16% during this period as well.

TKMO Tekumo Managed Services (TMS) continues to add significant breadth to the Company's growing base of clients. TKMO Chief Revenue Officer, Derrick Youngblood, stated, "Our clients and prospects are looking to rapidly scale their technology driven businesses, not their bench of employees and contractors. They are interested in capturing actionable data on one platform that seamlessly integrates with their existing Field Service Management (FSM) systems.   Our service platform, TekumoPRO, connects field service technicians, whether W2 or 1099, directly to our clients, in their existing environment, in real time. The flexibility to integrate and the depth of real time data is a game changer."

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"The TekumoPRO platform is really the future of work" says TKMO CEO, Strings Kozisek. "We connect businesses with skilled and vetted local technicians and manage the entire service delivery process. Our robust analytics engine provides real-time data into financials, service metrics, and all measured KPIs in a way that does not exist in the industry today. Tekumo is extending our offering to include self-managed, assisted insourcing, and fully managed work orders, all backed with authentic data intelligence. We intend to fundamentally change how people are managed and how devices are installed, monitored and maintained."

TKMO management encourages investors to read its interim financial statements and notes for the quarter ended September 30, 2023, filed November 13 with OTC Markets.

For more information on $TKMO visit: www.tekumo.com and https://www.tekumo.com/invest/

Contact: Phillip Dignan, President & CFO
Phone: 719-419-6709
Country: United States

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