Chris Pearson's questions to TELKONET (TKOI) leadership • Q1 2021
Question
Chris Pearson asked about the anticipated impact of the U.S. infrastructure package on business, potential demand from the education sector and municipalities, and the status of discussions with creditors regarding potential loan covenant breaches and cash flow management.
Answer
CEO Jason Tienor explained that the new administration's programs, particularly the infrastructure package, are already driving quoting activity, especially from military bases and MDU spaces, and will boost travel-related demand. He noted that while universities are beginning to increase spending, the recovery timeline remains uncertain. Regarding liquidity, Tienor expressed confidence in their ability to manage through this period, citing a strong relationship with their lender, Heritage Bank, and the recent PPP loan. CFO Richard Mushrush added that based on their long-standing relationship, he expects to find an amicable remedy with the bank should a covenant breach occur.