Pareteum sees Q2 revenue of at least $5.75M, consensus $4.75M
Pareteum, announced that the Company expects to report revenues of at least $5.75M, which represents approximately 78% growth for the Q2 ended June 30 as compared to a year ago. The Q2's expected revenues will represent an approximate 40% sequential growth over the Q1, demonstrating the strong growth in connections that was previously reported in the Q1. Connections, which are a lead indicator of revenue, rose to approximately 2,713,600 as of June 30 representing a 22.5% quarter over quarter growth in 2018. The year over year increase, from the end of the Q2 of FY17 to the end of the Q2 of FY18, was a significant 225%, providing management the confidence to increase its projected 2018 revenue outlook to a substantial 80% annual revenue growth over 2017's year-end totals.