Pareteum Corporation (TEUM) Tops Q4 EPS by 3c, Revenues Beat; Offers FY19 Revenue Mid-Point Guidance Above Consensus

Pareteum Corporation (NASDAQ: TEUM) reported Q4 EPS of $0.02, $0.03 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $14.3 million versus the consensus estimate of $12.78 million.

• Total revenues increased 256% to $14.3 million
• In December of 2018 our Global Software Defined Cloud (GSDC) revenue was 51% of our total revenue, with 35% in Managed Services (MSP) revenues, and Super API of 14%
• Adjusted EBITDA increased 82% to $2.34 million
• Non-GAAP EPS of $0.02 cents
• Artilium financials are fully consolidated and accretive in Pareteum's fourth quarter results
• Net Dollar-based expansion rate represented 214% growth

"2018 was a record year for Pareteum, achieving over 139% year-over-year revenue growth driven by the effectiveness of our cloud-based platform, innovative product solutions, employee talent and leading customers. In fourth quarter of 2018, we reported 256% year-over-year revenue growth, which included the first full quarter of our accretive Artilium acquisition," commented Hal Turner, Pareteum's Founder, Executive Chairman and Principal Executive Officer. "We are extremely pleased with Pareteum's significant results in 2018 which are attributed to our TEUM's laser focus on sales expansion and operational improvements. Looking ahead to 2019, we are very excited about the tremendous opportunities for Pareteum given the strong industry dynamics; our visibility into future revenuefrom our 36 Month Contractual Revenue Backlog; and, the augmented talent, product, services, network expansion and productivity improvements implicit from our strategic acquisitions."

GUIDANCE:

Pareteum Corporation sees FY2019 revenue of $105-115 million, versus the consensus of $108.74 million.

For earnings history and earnings-related data on Pareteum Corporation (TEUM) click here.

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