Net Element Research Note - May 2018
Key highlights of this report include:-NETE 1Q18 EPS of -$0.40 beats by $0.03, revenue of $15.98 million (+17.8% increase YoY) beats by $1.78 million
-Continuous organic growth in North American Transaction Solutions segment with management’s goal of international market expansion
-Focus on the development of blockchain-backed technology as well as partnerships in SMB
Net Element is a holding company. Through its subsidiaries, the company is a global technology and value-added solutions group that supports electronic payments acceptance in a multi-channel environment including point-of-sale, ecommerce and mobile devices. The company operates two business segments: North American Transaction Solutions, which provides technology and services that businesses require to accept cashless transactions in a multi-channel environment; and International Transaction Solutions, which provides online and mobile commerce solutions for merchants including social networks, game developers, online magazines, mobile applications and digital media operators.
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