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General

Pareteum comes close to EBITDA break-even, lifts revenues 10% in Q3

Wednesday 15 November 2017 | 09:01 CET | News
MVNE Pareteum (formerly Elephant Talk) reported third quarter revenues of USD 3.5 million, 10 percent higher than the year before and up 8 percent sequentially. The order book amounted to USD 114 million, 90 percent more than the year earlier. The adjusted EBITDA jumped over 100 percent to USD 603,000 from a negative result of 6.9 million year-on-year. EBITDA is coming closer to break-even, with the loss narrowing strongly to USD 35,000 from 7.7 million the year before. The gross margin lifted to 77 percent against 72 percent year-on-year.

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Categories: General
Companies: Pareteum
Countries: Netherlands / World
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