SeeThruEquity, an independent equity research and corporate access firm focused on smallcap and microcap public companies, this morning issued a company update on global technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE). Net Element recently reported first quarter 2018 results, including revenues of $16 million, representing an increase of approximately 18% versus $14 million for the same period of the previous year. Strong execution in the company’s North America Transactions Solutions business segment was credited as the driving force behind the revenue growth for the quarter. The report also highlighted the company’s growth in transaction volume, particularly in North America, and narrowing losses for the quarter. SeeThruEquity plans to reassess its price target, which remains unchanged, following an update by the company regarding its development and its prospects for blockchain in the coming year.
To view the full press release, visit http://ibn.fm/HWapZ
About Net Element
Net Element, Inc. (NASDAQ: NETE) operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the U.S. and selected emerging markets. In the U.S., it aims to grow transactional revenue by innovating SME productivity services using blockchain technology solutions and Aptito, the company’s cloud based, restaurant and retail point-of-sale solution. Internationally, Net Element’s strategy is to leverage its omni-channel platform to deliver flexible offerings to emerging markets with diverse banking, regulatory and demographic conditions. Net Element was ranked as one of the fastest growing companies in North America on Deloitte’s 2017 Technology Fast 500™. In 2017, Net Element was recognized by South Florida Business Journal’s as one of 2016’s fastest growing technology companies. Further information is available at www.NetElement.com.
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