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TKOI
Telkonet, Inc.

Common Stock

0.00466

0.00036

8.37%

0.0041 / 0.0055 (1 x 1)

Real-Time Best Bid & Ask: 05:00pm 07/11/2025
Delayed (15 Min) Trade Data: 12:00am 07/11/2025

Telkonet, Inc.

20800 Swenson Drive

Suite 175

Waukesha, WI 53186

Business Description
Telkonet, Inc. (OTCQB: TKOI) provides innovative intelligent automation platforms at the forefront of the Internet of Things (IoT) space. Helping commercial audiences better manage operational costs, the Company's EcoSmart intelligent automation platform is supported by a full-suite of IoT-connected devices that provide in-depth energy usage information and analysis, allowing building operators to reduce energy expenses. Vertical markets that benefit from EcoSmart products include hospitality, education, military, government, healthcare and multiple dwelling housing.
Financial Reporting
Reporting Status
Alternative Reporting Standard
Audited Financials
Audited
CIK
0001094084
Fiscal Year End
12/31
Company Officers & Contacts
Piercarlo Gramaglia
CEO

Mr. Gramaglia brings to the Company a wealth of knowledge and experience with respect to mid-sized companies with a core business involving the manufacture of products. Mr. Gramaglia's prior professional experience include sales and marketing with a focus on business development and mergers and acquisitions, with specific competences in turnaround projects based on topline development. Mr. Gramaglia has worked with a variety of companies and entrepreneurial groups, including Urmet, an integrated building communication and security systems manufacturer, and Gewiss, a provider of energy and light products services, for which Mr. Gramaglia served as the International Sales Director from 2016 to March 2017, publicly listed Italian companies (Nice) and a group held by a financial investor, Targetti Sankey, S.p.A., a lighting design and manufacturing firm. He served as the Chief Executive Officer of Targetti Sankey, S.p.A., from March 2017 to April 2018. Mr. Gramaglia has served as the Chief Executive Officer and director of VDA since April 2019. Mr. Gramaglia has also served as a Partner of OPES Mind, a management consulting firm, since July 2020. Mr. Gramaglia has a degree in Marketing and Export Trade from Universita degli studi Torino.

Richard E. Mushrush
CFO

Jeffrey J. Sobieski
CTO

Board of Directors
Steven E Quick
Chairman, Independent Director, Audit Committee Member, Compensation Committee Member

Mr. Quick has served as the chief executive officer of UniSpace, a global design and build company that operates globally in 25 countries, since September 2020. Mr. Quick was instrumental in the buyout of the founders and recapitalization of UniSpace with private equity ownership. Prior to UniSpace, Mr. Quick served as the chief executive of Global Occupier Services ("GOS") at Cushman and Wakefield from November 2013 to September 2020, where he led GOS to tremendous growth, as measured by revenue and EBITA, and transformed the strategic direction of the business including segmentation of key markets. Mr. Quick has a bachelor of science from Illinois State University and a Masters in business administration from the University of South Florida. Mr. Quick is also a C.P.A. licensed in Illinois and Florida, and a Certified Valuation Analyst.

Lisa Borean

Piercarlo Gramaglia
Nominating Committee Member

Mr. Gramaglia brings to the Company a wealth of knowledge and experience with respect to mid-sized companies with a core business involving the manufacture of products. Mr. Gramaglia's prior professional experience include sales and marketing with a focus on business development and mergers and acquisitions, with specific competences in turnaround projects based on topline development. Mr. Gramaglia has worked with a variety of companies and entrepreneurial groups, including Urmet, an integrated building communication and security systems manufacturer, and Gewiss, a provider of energy and light products services, for which Mr. Gramaglia served as the International Sales Director from 2016 to March 2017, publicly listed Italian companies (Nice) and a group held by a financial investor, Targetti Sankey, S.p.A., a lighting design and manufacturing firm. He served as the Chief Executive Officer of Targetti Sankey, S.p.A., from March 2017 to April 2018. Mr. Gramaglia has served as the Chief Executive Officer and director of VDA since April 2019. Mr. Gramaglia has also served as a Partner of OPES Mind, a management consulting firm, since July 2020. Mr. Gramaglia has a degree in Marketing and Export Trade from Universita degli studi Torino.

Tim S. Ledwick
Independent Director, Audit Committee Member, Nominating Committee Member

Mr. Ledwick is currently the Chief Financial Officer of Management Health Solutions, a private equity-backed company that provides software solutions and services to hospitals focused on reducing costs through superior inventory management practices. In addition to have provided CFO consulting and advisory services to numerous multi-million dollar corporations, Mr. Ledwick was Executive Vice President-CFO of Dictaphone Corporation playing a lead role in developing a business plan which revitalized the company, resulting in the successful sale of the firm and delivering a seven times return to shareholders, CFO of Lernout & Hauspie Speech Products, a Belgium-based NASDAQ listed speech technology company, whose market cap point reached a high of $9 billion and CFO of Cross Media Marketing Corp, an $80 million public company headquartered in New York City, playing a lead role in the firm's acquisition activity, tax analysis and capital raising. Mr. Ledwick is a member of the Connecticut Society of Certified Public Accountants and received his BBA in Accounting from The George Washington University and his MS in Finance from Fairfield University.

Flavio de Paulis
Compensation Committee Member, Nominating Committee Member

Mr. De Paulis has 20 years of professional experience, including having served in roles with Accenture (Italy) in business consulting and Credit Suisse (Switzerland), in the Credit and Risk Management Department. From 2004 to 2014, Mr. De Paulis served as a vice president of Private Swiss Bank, where his responsibilities included fundraising and placement activities in the Italian market. In August 2015, Mr. De Paulis became the managing partner of JCI Capital LLC, an investment banking boutique with offices in London and Milan where he served until July 2018. Since August 2017, Mr. De Paulis has served as a director of Meti Holding Sarl ("Meti"), his family office and a holding company. Through Meti, Mr. De Paulis bought a minority stake of 34% in VDA Holding S.A. ("VDA Parent"), the parent of VDA, in 2018, and increased the same in 2019 becoming the majority shareholder of VDA Parent, which he, indirectly through Meti, remains to date. Mr. De Paulis has a variety of skills and know-how in wealth management & family office solutions, M&A and private equity transactions, and has a very successful track record in building and leveraging networks and relationships to contribute to the growth of business organizations. Mr. De Paulis has a bachelor's degree in Business Administration from Bocconi University and a PhD in Economics from Universita Studi Cassino and became a Certified Charter Accountant in 2005.

Other Company Insiders
Flavio DePaulis
Other Company Insiders are all persons or entities beneficially owning 10% or more of any class of the issuer's securities. Together, officers, directors and other company insiders comprise Company Insiders.
Service Providers
Accounting/Auditing Firm
Wipfli LLP

11 Scott Street

Wausau, WI 54403

Securities Counsel
Moses & Singer LLP

Chrysler Building

405 Lexington Ave

New York, NY 10174

Profile Data
SIC - Industry Classification
3822 - Environmental controls
Incorporation Information
UT, US, 1999
Employees
28 as of 09/30/2024
Shell
No
Products and Services

Telkonet, Inc. is the creator of the EcoSmart and the Rhapsody Platforms of intelligent automation solutions designed to optimize energy efficiency, comfort and analytics in support of the emerging Internet of Things ("IoT"). The platforms are deployed primarily in the hospitality, educational, governmental and other commercial markets, and is specified by engineers, HVAC professionals, building owners, and building operators. We currently operate in a single reportable business segment.

Company Facilities

In October 2013, the Company entered into a lease agreement for 6,362 square feet of commercial office space in Waukesha, Wisconsin for its corporate headquarters. On April 7, 2017, the Company executed an amendment to the existing lease to expand another 3,982 square feet, bringing the total leased space to 10,344 square feet, and extending the lease term for the total leased space from May 1, 2021 to April 30, 2026. The commencement date for this amendment was July 15, 2017. In May 2017, the Company entered into a lease agreement for 5,838 square feet of floor space in Waukesha, Wisconsin for its inventory warehousing operations. The Waukesha lease expires in April 2026.

Company Notes
Formerly=Comstock Coal Co., Inc. until 9-00
Note=3-00 company is in the development stage with no material business operations for over 10 years. 4-99 company reinstated with Secretary of State of the State of Utah after being involuntarily dissolved 3-31-86 for failure to file an annual report
The Pink Limited Market is for broker-dealers to publicly quote securities with limited to no issuer involvement. Pink Limited companies do not certify their compliance with established reporting standards, have limited availability of disclosure or financial information and may not support their U.S. market. These securities are identified with a yield sign to warn investors to proceed with caution.
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Pink Limited Information
The Company Profile data was verified by the issuer within the previous 6 months.
The company’s transfer agent has verified its outstanding shares directly to OTC Markets.
The Company’s board of directors includes at least two Independent Directors.
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