FULLNET COMMUNICATIONS INC

fullnet.net

FullNet Communications Inc (OTC Pink: FULO) is a telecommunications services company that provides Internet access, mass notification services, web hosting, equipment colocation, and advanced voice and data solutions. Revenue comes from recurring service fees paid by individual and small business customers, with deferred revenue of $1,097,163 representing advance payments for services as of December 31, 2023. The company is headquartered in Oklahoma City, Oklahoma, founded in May 1995, and operates in intensely competitive markets for Internet services and mass text and voice messaging. FullNet generated net income of approximately $532,000 and operating cash flow of approximately $690,000 for the twelve months ended December 31, 2023. The company held $3,130,331 in cash against $1,780,592 in current liabilities as of December 31, 2023. The retail Internet access segment, offered under the FullNet brand to Oklahoma customers, has become immaterial due to customer attrition to other broadband solutions and is no longer a strategic focus. Mass notification services, delivering text messages and automated telephone calls, represent the active competitive front. Roger P. Baresel serves as CEO, CFO, and Secretary. The company pays a quarterly cash dividend, initiated May 13, 2022.