Net Element Inc. NETE Archives - Page 18 of 20

TuesdayApr 10, 2018 10:52 am

QualityStocksNewsBreaks – SeeThruEquity Updates Coverage on Net Element, Inc. (NASDAQ: NETE)

SeeThruEquity, an independent equity research and corporate access firm focused on smallcap and microcap public companies, this morning issued a company update on global technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE). The company recently reported full-year 2017 results, including revenues of over $60 million for the year, representing an 11% increase over 2016. The company also improved its balance sheet, ending the year with cash on hand of $11.3 million and total financial debt of $7.0 million. The analyst also mentions Net Element’s further growth potential that will likely be driven by its new blockchain initiatives. To…

FridayApr 06, 2018 11:29 am

Net Element, Inc. (NASDAQ: NETE) Reports Notable 2017 Growth and Achievements, 2018 Goals

Net Element reports 11 percent increase in revenues for 2017 Company processed $2.8 billion in global transactions during 2017 Named one of Deloitte’s fastest-growing companies in North America on ‘2017 Technology Fast 500’ list Having recently reported full-year financial results for 2017 (http://ibn.fm/EljTn), Net Element, Inc. (NASDAQ: NETE) announced positive progress and achievements for the past year, as well as near future plans as 2018 progresses. Net Element is a global technology and value-added solutions group engaged in supporting electronic payments acceptance in a multichannel environment, including point-of-sale, e-commerce and mobile devices. Commencing the 2018 year with a healthy balance…

ThursdayApr 05, 2018 12:20 pm

QualityStocksNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Subsidiary Launches New Same-Day Funding Service

Global technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) this morning announced that its Unified Payments subsidiary has launched ‘Fast Pass Funding’, a same-day funding service offered through its proprietary Netevia platform. Per the update, Fast Pass Funding allows eligible merchants to receive funding in as little as three hours during regular business days, offering a significant improvement over the previous average funding times of 12 to 24 hours. The new funding service joins a number of additional value-added services offered to merchants through the Netevia platform, including intuitive merchant account opening and integration, payment conversion optimization, more…

MondayApr 02, 2018 1:30 pm

QualityStocksNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Releases 2017 Financial Results

Global technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) this morning reported its financial results for the fiscal year ended December 31, 2017. Among the highlights, the company’s total transaction dollars processed for the 12-month period exceeded $2.8 billion, marking a year-over-year increase of 14 percent. Likewise, Net Element’s annual revenues increased to $60.1 million, up 11 percent from its 2016 results. “We are very pleased with our 2017 progress and the strong balance sheet position as of December 31, 2017, which we believe positions the company for future growth and opportunities,” Oleg Firer, CEO of Net Element,…

MondayApr 02, 2018 11:56 am

Net Element, Inc. (NASDAQ: NETE) Aims to Transform the Online and Mobile Payments Experience

Point-of-sale terminals market expected to reach $116 billion by 2025 with a CAGR of 9.9 percent Appointment of seasoned fintech specialists to board of directors brings valuable domestic, international finance expertise to company Mobile commerce projected to account for 70 percent of ecommerce sales in China and India, while at least one-third of retail sales in the U.K., Germany and the U.S. will stem from ecommerce Global technology and value-added solutions company Net Element, Inc. (NASDAQ: NETE) has thrived on developing innovative ideas into marketable solutions that engage users in various segments of the highly competitive global ecommerce marketplace (http://ibn.fm/t2CIB).…

WednesdayNov 30, 2016 10:13 am

Net Element, Inc. (NETE) Aims for the Millennial Generation and Beyond

Millennials, or ‘digital natives’, make up the generation of consumers on which many industries have focused their efforts for the past five to 10 years. According to the U.S. Census Bureau (http://dtn.fm/6pKt4), millennials are generally 18 to 35 years old and, with over 75 million members, represent the largest generation group. As a generation, they have a huge impact on the technology of our world, as they are the first generation to have always known the Internet. The millennial generation plays a critical role in leading the adoption of consumer technologies. This is one of the key reasons that professionals…

TuesdayNov 29, 2016 11:37 am

Net Element, Inc. (NETE) Selects Conformance Technologies as Preferred Provider for Data Compliance Solutions

Before the opening bell, Net Element, Inc. (NASDAQ: NETE) announced its selection of Conformance Technologies, a fast-growing provider of operating systems, education systems and expertise used in managing business compliance requirements, as its preferred provider for data compliance solutions. Moving forward, Net Element will be offering Conformance’s patented PCI ToolKit solution for Payment Card Industry Data Security Standard merchant portfolio assessments in a number of languages, including Chinese, English, Russian and Spanish. The company and its merchant clients will also have access to the Cyber Attack Readiness ToolKit™ and InConRadar™ toolsets, which allow for primary account number scanning and real-time…

WednesdayNov 23, 2016 10:07 am

Net Element, Inc. (NETE) Has Its Fingers in Many Online & Mobile Payment Pies

There is a palatable plate of pies in the online and mobile payments food chain, and Net Element, Inc. (NASDAQ: NETE) is a company with its fingers in many of those. According to industry analysts Euromonitor, global e-commerce sales are set to reach $1.2 trillion this year, up from $1.0 trillion in 2015. Continued growth is widely anticipated. The forecasts for 2017 and 2018 are $1.4 trillion and $1.6 trillion, respectively, and at present, mobile e-commerce business comprises about a quarter of those figures. In addition, the global point-of-sale terminals market is, according to Grand View Research (http://dtn.fm/Kekl2), ‘expected to…

TuesdayNov 22, 2016 11:12 am

Net Element, Inc. (NETE) Announces Partnership with Oldest Bank in the United Arab Emirates

Before the opening bell, Net Element, Inc. (NASDAQ: NETE), through subsidiary Net Element FZ, LLC, announced its entry into a new agreement with Mashreqbank, a leading financial institution operating in the United Arab Emirates that’s recognized as one of the most innovative banks in the Gulf Region. Under the terms of the agreement, Net Element will provide a number of transaction services to Mashreqbank, including transaction clearing, draft capture and settlement of bankcard transactions across multiple currencies, as well as full integration of its proprietary Internet Payment Gateway and risk management services. “We are excited about our partnership with the…

WednesdayNov 16, 2016 1:09 pm

Net Element, Inc. (NETE) Evaluated in Zacks Small-Cap Research Report

Earlier this week, Zacks Small-Cap Research issued a new report on Net Element, Inc. (NASDAQ: NETE). The report focused on the company’s recently released third quarter financial results, which, in addition to including an 11 percent year-over-year increase in net revenues, showed positive adjusted EBITDA for the second consecutive quarter. Zacks studied Net Element’s competitors and determined that the average valuation for companies operating in the payments space totaled roughly 7.5 times the enterprise value to trailing 12-month gross margin. Applying this multiple to Net Element’s trailing 12-month gross margin, Zacks forecast that NETE stock could be worth $4.18 per…

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