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Wireless

Pareteum moves to positive EBITDA as Q2 revenues grow 85%

Monday 6 August 2018 | 15:52 CET | News
MVNE Pareteum announced second-quarter revenues up 85 percent to USD 6 million. Thanks to a strong increase in its order backlog, the company now expects revenue growth of over 80 percent for the full year, up from 70 percent growth forecast previously, and positive EBITDA and operating cash flow from continuing operations in 2018. In Q2, EBITDA improved to USD 0.6 million, the first positive figure in the company's history, from a loss of USD 0.3 million a year ago. 

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