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Wireless

Pareteum revenues soar over 250% in Q4 helped by Artilium

Wednesday 13 March 2019 | 11:17 CET | News
MVNE Pareteum said it reported record revenues in the fourth quarter, which included the first full quarter of contributions from Artilium, acquired in late September 2018. Revenues soared over 250 percent to USD 14.3 million, with Global Software Defined Cloud (GSDC) making up 51 percent of the total, Managed Services (MSP) contributing 35 percent and Super API 14 percent. The adjusted EBITDA jumped 82 percent to USD 2.34 million while adjusted earnings per share were flat at USD 0.02. The loss from operations widened to USD 5.56 million from a loss the year earlier of 4.15 million. 

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