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Wireless

Pareteum lifts FY guidance after Q1 revenues leap 460%

Wednesday 8 May 2019 | 09:13 CET | News
MVNE Pareteum increased its guidance for the full year after revenues for the first quarter leaped 460 percent from the year before to USD 23 million, adjusted EBITDA soared to USD 5.15 million from 283,000. The loss from operations continued to widen, going to USD 5.33 million from a loss of 1.83 million while the net loss went higher to USD 5.78 million from a loss of 2.13 million. Adjusted earnings per share went to USD 0.02. The 36-month contract backlog advanced to USD 938 million from 200 while the number of connections reached 12.012 million, up 441 percent year-on-year and 161 percent

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Categories: Mobile & Wireless
Companies: Pareteum
Countries: Benelux / World
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