FULO Research | Milton Maxwell

FULO

FullNet Communications, Inc.

0.3700

+0.0000+0%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

7.28M

P/E (TTM)

18.50

Basic EPS (TTM)

0.02

Dividend Yield

0.04%

Recent Filings

8-K

Cash dividend announced

5/15/24May 15, 2024

FullNet Communications declared a $0.0037 per share cash dividend on May 15, 2024, payable June 15 to shareholders of record on May 31. This payout underscores the company's steady cash flow from telecom operations. Dividend declared.

8-K

Auditor dismissed post-SEC bar

5/7/24May 7, 2024

FullNet Communications dismissed BF Borgers CPA PC as its independent auditor on May 6, 2024, after the SEC permanently barred the firm on May 3 for failing to adhere to PCAOB standards. Prior audits for 2022 and 2023 showed no disagreements or issues, yet the company's financial statements now lack compliance, rendering them potentially unreliable. FullNet is seeking a new auditor but won't file its Q1 2024 10-Q on time. This disrupts reporting cadence.

10-K

FY2023 results

4/1/24Apr 1, 2024

FullNet Communications posted FY2023 revenue of $4.2 million, down 1.8% from $4.3 million in 2022, mainly from losing a key help-desk client, yet netted $532,000 in profit versus $672,000 last year. Gross margins slipped to 74.9% from 78.7% amid vendor price hikes and pricier service mixes, while operating income fell to $512,000 from $830,000 as sales and marketing costs rose 13.6% on heavier advertising. Cash from operations held steady at $690,000, bolstering working capital to $1.4 million; the firm paid $319,000 in dividends but skipped capex. No quarterly breakdowns disclosed in the 10-K. Evolving regulations like STIR/SHAKEN could hike costs and crimp quarterly growth.

8-K

Cash dividend declared

2/15/24Feb 15, 2024

FullNet Communications declared a $0.0037 per share cash dividend on February 15, 2024, payable March 15 to shareholders of record on February 29. This modest payout signals steady cash flows amid telecom operations. Yet dividends remain small.

8-K

Special dividend declared

1/16/24Jan 16, 2024

FullNet Communications declared a special cash dividend of $0.03 per share on January 16, 2024, payable February 15 to shareholders of record on January 31. This one-time payout rewards investors amid steady operations. Shareholders get a quick boost.

About

FullNet Communications, Inc., together with its subsidiaries, provides integrated communications services to individuals, businesses, organizations, educational institutions, and governmental agencies in the United States. It provides mass notification services using text messages and automated telephone calls; carrier-neutral equipment colocation services; Internet access services; web hosting and related services; customized live help desk outsourcing services; and voice and data solutions. The company was formerly known as CEN-COM of Oklahoma, Inc. and changed its name to FullNet Communications, Inc. in December 1995. FullNet Communications, Inc. was incorporated in 1995 and is based in Oklahoma City, Oklahoma.

CEO

Mr. Roger P. Baresel

IPO

2/18/2000

Website

https://www.fullnet.net

Employees

Sector

Communication Services

Industry

Telecom Services