SeeThruEquity Issues Company Update on Net Element

Fintech Investing

Net Element (NASDAQ:NETE) has a company update, issued through SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies. As quoted in the press release: The note is available here: NETE December 2016 Update Note. Highlights of the note are as follows: 3Q16 revenues grew by 10% YoY …

The note is available here: NETE December 2016 Update Note.
Highlights of the note are as follows:
3Q16 revenues grew by 10% YoY to reach $14.0mn, versus $12.7mn in 3Q15
Revenue was driven by the performance of the company’s largest segment, NA Transactions, which experienced revenue growth of 40%+
NETE reported a non-GAAP, management-adjusted loss of ($2.7mn) during 3Q16, or ($0.20) per share, versus ($2.9mn), or ($0.42) per share, in 3Q15 on the same basis.

Click here for the full text release.

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