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.
To view the full press release, visit http://nnw.fm/oJS8A
About Net Element
Net Element, Inc. (NASDAQ: NETE) operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the U.S. and selected emerging markets. In the U.S., it aims to grow transactional revenue by innovating SME productivity services using blockchain technology solutions and Aptito, the company’s cloud based, restaurant and retail point-of-sale solution. Internationally, Net Element’s strategy is to leverage its omni-channel platform to deliver flexible offerings to emerging markets with diverse banking, regulatory and demographic conditions. Net Element was ranked as one of the fastest growing companies in North America on Deloitte’s 2017 Technology Fast 500™. In 2017, Net Element was recognized by South Florida Business Journal’s as one of 2016’s fastest growing technology companies. Further information is available at www.NetElement.com
More from NetworkNewsBreaks
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.networknewswire.com
New York, New York