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,…