Top-down worldwide vehicle market is growing steadily with tremendous potential and demand in ADAS and autonomous driving technologies. FRSX rapidly develops automotive vision solutions for ADAS and semi/fully autonomous vehicles. Foresight emphasizes on its IP patents and trademarks, as well as core R&D with over 450% YoY growth in the expenditures.
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
XIN announced nouveau equity investment of 50% stake in MDL and expanded its portfolio in the UK and European markets. The Company also initiated cross-sector partnership and pilot program with Chinese top internet service company Tencent. Additionally, FY17 was filed at the end of April, in-line with early 4Q releases and reports.
Net Element has grown its North American Transactions Segment 28% yoy – largely attributed to its successes with the Unified Payments brand. Net Element recently launched, Netevia, its new product that is part of its decentralized blockchain technology solutions initiative. NETE completed a $7.55mn restricted common stock and warrant private placement with an institutional investor to buttress growth with its blockchain initiatives.
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