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). The company recently reported full-year 2017 results, including revenues of over $60 million for the year, representing an 11% increase over 2016. The company also improved its balance sheet, ending the year with cash on hand of $11.3 million and total financial debt of $7.0 million. The analyst also mentions Net Element’s further growth potential that will likely be driven by its new blockchain initiatives.
To view the full press release, visit http://ibn.fm/LC0c9
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 such as its cloud based, restaurant and retail point-of-sale solution Aptito. 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™ and South Florida Business Journal’s 2016 fastest growing technology companies. Further information is available at www.NetElement.com.
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