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TEUM

Pareteum

$0.69

-0.0599 (-7.99%)

08:14
12/14/17
12/14
08:14
12/14/17
08:14

Pareteum issues letter to shareholders

Pareteum issued a shareholder update letter from its Executive Chairman and Principal Executive Officer, Hal Turner. The letter states, among other things: "Our restructuring and repositioning in 2016 has led to solid growth in 2017, and has defined our innovation in both services and market positioning, establishing a strong outlook for our success in 2018 and beyond. (...) Through TEUM's accretion of the current $129M 36 Month Contractual Revenue Backlog, our customer base increased from 4 as of year-end 2016 to currently 21 customers. (...) We have expanded into new markets and have provided new services as a result of the complete overhaul of our software and platform in order to fully support our Software as a Service business model, which we converted to in 2016. (...) Our decisions in 2016 to significantly reduce headcount and evolve our software and services offerings were difficult choices. (...) Our revenue per employee metric increased to a record $222,139 in Q3, a 4-fold increase from the end of 2015 (...) For the trailing twelve months ending September 30, 2017, Pareteum has generated positive adjusted EBITDA. Additionally, our Q3 operating results approached breakeven in both EBITDA and net earnings. (...) Our recent capital raises, aggregating to approximately $20M, will address specific long-term strategies that we are executing, and, we believe, will establish Pareteum as the dominant player in this space. (...) We expect that innovations will take us into new geographies, with new services and applications, and the ability to be in the ecosystem for the infinite directions available from connectivity among networks. (...)"

TODAY'S FREE FLY STORIES

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SERV

ServiceMaster

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HZN

Horizon Global

$6.89

(0.00%)

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OMC

Omnicom

$72.81

-5.31 (-6.80%)

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IGT

International Game

$25.17

0.78 (3.20%)

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  • 02

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GOL

Gol Linhas

$6.66

0.27 (4.23%)

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FPI

Farmland Partners

$6.54

0.445 (7.30%)

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CATM

Cardtronics

$26.60

(0.00%)

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  • 02

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General news
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CMCSA

Comcast

$34.98

(0.00%)

, CMCSK

Comcast

$0.00

(0.00%)

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Periodicals
NBCU relaunches Craftsy as subscription-video service Bluprint, Variety reports »

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CMCSA

Comcast

$34.98

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CMCSK

Comcast

$0.00

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JNJ

Johnson & Johnson

$124.70

(0.00%)

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  • 17

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BA

Boeing

$356.01

(0.00%)

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  • 25

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SNA

Snap-On

$163.93

(0.00%)

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  • 19

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VEON

Veon

$3.05

(0.00%)

, HFC

HollyFrontier

$68.91

(0.00%)

09:40
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Options
Unusually active option classes on open July 17th »

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VEON

Veon

$3.05

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HFC

HollyFrontier

$68.91

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DUST

Direxion Daily Gold Miners Bear 3X ETF

$25.49

(0.00%)

UNH

UnitedHealth

$257.03

(0.00%)

JNJ

Johnson & Johnson

$124.70

(0.00%)

CZR

Caesars

$11.63

(0.00%)

GS

Goldman Sachs

$231.01

(0.00%)

MCD

McDonald's

$158.76

(0.00%)

ATVI

Activision Blizzard

$80.23

(0.00%)

GDX

Market Vector Gold Miners

$21.88

(0.00%)

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  • 17

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NFLX

Netflix

$400.24

4.32 (1.09%)

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WEX

Wex

$194.01

-2 (-1.02%)

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GS

Goldman Sachs

$231.01

4.71 (2.08%)

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Periodicals
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NVRO

Nevro

$58.79

1.04 (1.80%)

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  • 27

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FLT

FleetCor

$216.11

-4.06 (-1.84%)

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SQ

Square

$66.95

-0.06 (-0.09%)

09:35
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Square initiated  »

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  • 01

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FIS

FIS

$107.72

-0.45 (-0.42%)

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  • 31

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General news
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EPAM

Epam Systems

$132.28

-1.3 (-0.97%)

09:34
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  • 02

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