Bullboard - Stock Discussion Forum Kontrol Technologies Corp N.KNR

Alternate Symbol(s): KNRLF

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Kontrol Technologies Corp. is a provider of energy management, continuous air quality and emission solutions to commercial and industrial consumers. It delivers building intelligence through the Internet of things (IoT), software and cloud technology as well as project integration. Its smart technology is deployed to customers through a cloud-based interface accessible on desktops and mobile... see more

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Kontrol Technologies Corp > Update NR

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Post by Mostlyserious on Mar 28, 2024 5:31pm

Update NR

No surprise, the forbearance issue has been resolved.

Very thin on other details. Up to everyone to envision what kind of growth their current strategy will yield. Probably pretty good given the decimated revenue base which is not even 5 percent of the visions presented a couple of years ago, even without that infamously pumped virus detection technology.

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Comment by Mostlyserious on Mar 30, 2024 9:02am

Should add that given the emphasis of the starting debt of $15 million that it has been reduced mostly with the $5 million private placement and likely the bulk of the $6 million sale of Ortech. In case someone is thinking that the $11 million reduction over a year or so has been as a result of regular operations.

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