UPDATE: Net Element (NETE) Reports Q2 Loss of $0.10/Share, Flat Y/Y

Net Element (NASDAQ: NETE) reported Q2 adjusted EPS of ($0.10), versus ($0.10) reported last year. Revenue for the quarter came in at $13.69 million, versus $6.91 million reported last year.

The $6,785,932 increase in net revenues is primarily due to growth in the Company's three segments:

• North America Transaction Solution segment: Continued organic growth of SMB merchants in this segment with emphasis on value-added offerings. Revenues for this segment were $10.4 million, a 66% increase over the prior year.
• Mobile Solutions segment: As a result of a continued organic growth in the branded content origination. Revenues for this segment were $1.8 million, a 435% increase over the prior year.
• Online Solutions: Revenues for this segment were $1.5 million, a 396% increase over the prior year (PayOnline acquired May 20, 2015).

For earnings history and earnings-related data on Net Element (NETE) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Newton Golf Company (NWTG) Reports Q2 Loss of $0.49
• Pro Diversity Network (IPDN) Reports Q2 Loss of $0.15