NetworkNewsBreaks – Net Element, Inc. (NASDAQ: N
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Posted On: 04/02/2018 5:42:15 PM
NetworkNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Releases 2017 Financial Results
Global technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) this morning reported its financial results for the fiscal year ended December 31, 2017. Among the highlights, the company’s total transaction dollars processed for the 12-month period exceeded $2.8 billion, marking a year-over-year increase of 14 percent. Likewise, Net Element’s annual revenues increased to $60.1 million, up 11 percent from its 2016 results. “We are very pleased with our 2017 progress and the strong balance sheet position as of December 31, 2017, which we believe positions the company for future growth and opportunities,” Oleg Firer, CEO of Net Element, stated in the news release. This morning’s update also included a recap of the company’s 2017 achievements and an overview of its plans for 2018 and beyond. A conference call discussing these highlights and financial results is scheduled for April 3, 2018, at 8:30 a.m. EST. The call can be accessed live over the phone by dialing +1 (877) 303-9858, or +1 (408) 337-0139 for international callers, and referencing conference code 6266947.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Global technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) this morning reported its financial results for the fiscal year ended December 31, 2017. Among the highlights, the company’s total transaction dollars processed for the 12-month period exceeded $2.8 billion, marking a year-over-year increase of 14 percent. Likewise, Net Element’s annual revenues increased to $60.1 million, up 11 percent from its 2016 results. “We are very pleased with our 2017 progress and the strong balance sheet position as of December 31, 2017, which we believe positions the company for future growth and opportunities,” Oleg Firer, CEO of Net Element, stated in the news release. This morning’s update also included a recap of the company’s 2017 achievements and an overview of its plans for 2018 and beyond. A conference call discussing these highlights and financial results is scheduled for April 3, 2018, at 8:30 a.m. EST. The call can be accessed live over the phone by dialing +1 (877) 303-9858, or +1 (408) 337-0139 for international callers, and referencing conference code 6266947.
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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