Net Element (NETE) Reports Narrower Q1 Loss of $0.04/Share

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Go back to Net Element (NETE) Reports Narrower Q1 Loss of $0.04/Share

Net Element Reports First Quarter 2015 Results

May 15, 2015 8:57 AM EDT

MIAMI, FL -- (Marketwired) -- 05/15/15 -- Net Element, Inc. (NASDAQ: NETE) ("Net Element" or the "Company"), a provider of global mobile payment technology solutions and value-added transactional services today reported financial results for its quarter ended March 31, 2015.

Key Q1 milestones and subsequent events:

Reduced adjusted quarterly net loss year over year from $0.11 to $0.04 Executed financing of up to $24 million Agreed to acquire global payments innovator PayOnline Surpassed 1 million recurring Russia mobile payment subscribers Launched UAE-based joint venture to exclusively deliver Net Element... More