NetworkNewsBreaks – Net Element, Inc.'s (NASDAQ:
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Posted On: 08/15/2017 4:04:06 AM
NetworkNewsBreaks – Net Element, Inc.'s (NASDAQ: NETE) Q2 Revenues Increase on Strength in North America Transaction Solutions Segment
Net Element (NASDAQ: NETE) after market close reported its second-quarter results for the three months ended June 30, 2017, along with an update on corporate initiatives. The global financial technology company reported net revenues of $16.1 million, an increase of 18% compared to the comparable quarter of 2016, largely driven by growth in its North America Transaction Solutions and Online Solutions Segments. Noted highlights for the second quarter include the launch of its PayOnline platform, the roll-out of a number of payment solutions, and a key partnership in Europe. "We are pleased with our continued growth. Our results are a reflection of our ability to deliver growth," Net Element CEO Oleg Firer stated in the news release. "We are excited about our strategic initiatives for the remainder of the year as we continue to streamline international operations and reduce operating expenses while managing the strong U.S. growth and expansion."
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Net Element (NASDAQ: NETE) after market close reported its second-quarter results for the three months ended June 30, 2017, along with an update on corporate initiatives. The global financial technology company reported net revenues of $16.1 million, an increase of 18% compared to the comparable quarter of 2016, largely driven by growth in its North America Transaction Solutions and Online Solutions Segments. Noted highlights for the second quarter include the launch of its PayOnline platform, the roll-out of a number of payment solutions, and a key partnership in Europe. "We are pleased with our continued growth. Our results are a reflection of our ability to deliver growth," Net Element CEO Oleg Firer stated in the news release. "We are excited about our strategic initiatives for the remainder of the year as we continue to streamline international operations and reduce operating expenses while managing the strong U.S. growth and expansion."
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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