NetworkNewsBreaks – SeeThruEquity Updates Coverage on Net Element, Inc. (NASDAQ: NETE)
SeeThruEquity updated coverage on Net Element, Inc. (NASDAQ: NETE) this week following release of the company’s earnings report for the second quarter of 2017. Net Element reported second quarter revenue of $16.1 million, representing an 18% increase from the second quarter of 2016. The analyst noted that this impressive performance was primarily attributed to the company’s NA Transactions segment, which saw revenue growth of 31% YoY. The company’s Online Solutions segment also displayed hearty growth from a small base with a revenue increase of 33% YoY. Additionally, the analyst noted that the company has been given until October 20, 2017,…







