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Wireless

Pareteum reduces loss on lower revenues in Q1, mulling capital raise

Friday 27 August 2021 | 11:47 CET | News
Pareteum reported lower revenues for the first quarter, as it worked towards being fully compliant on its financial reporting. CEO Bart Weijermers said the figures Q1 reflected the company's emphasis in 2020 and 2021 on working to rectifying legacy issues and completing financial restatements. After filing these Q1 financials, reporting those for the second quarter will be the last item remaining for compliance. The company intends to report Q2 results ahead of the 28 September implementation date set by the SEC.

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Categories: Mobile & Wireless
Companies: Pareteum
Countries: World
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