Here’s a link to the latest (Q3 2018) press release.
Some quick tid bits…
Revenues of $8 Million, up 129% Year-Over-Year
gross margin of 73%
Adjusted EBITDA of $1.8 Million
Non-GAAP EPS of $0.01
Raised 2018 Outlook to 100% Revenue Growth
Dollar-based expansion rate where customers of record in 2017 have grown their revenue dollar spending by 147% in the third quarter of 2018 versus the third quarter of 2017
Increased 36-Month Contractual Revenue Backlog from $276 million at end of the second quarter of 2018 to $403 million; includes $72 million incremental from existing contracts
Ended the third quarter of 2018 with 2,903,000 Connections, an increase of 127% over the end of the third quarter of 2017 and 7% higher than the second quarter of 2018
At September 30, 2018, Pareteum had $18.9 million of cash and restricted cash, $0 senior secured debt and 59.3 million shares issued and outstanding.
Operating loss for the three months ended September 30, 2018, was a loss of ($6.9) million, an increase of $5.4 million, compared to a loss of ($1.5) million for the same period in 2017.
Taken from their 10Q
Pareteum is an award-winning global Cloud Communications Platform company with a mission: “to connect every person and every thing”.™ Customers use
Pareteum’s award-winning Communications-Platform-as-a-Service (CPaaS) and software solutions to energize their growth and profitability through cloud
communication services and complete turnkey solutions featuring relevant content, applications, and connectivity worldwide. We provide a single software
solution, fully enabling and securing cloud communications, connections and transactions, regardless of users’ location or network. With estimates of up to 30
billion devices to be managed, connected and intelligently leveraged, there are numerous large addressable markets for our Communications-Platform-as-aService (CPaaS) solutions.
Pareteum’s customers include Enterprises of all sizes, Communication Service Providers (CSPs), Internet of Things (IoT) and other software and application
developers, manufacturers and brand-marketing companies. These customers use Pareteum to energize their growth and profitability through cloud-based
communication services featuring relevant content, applications, and connectivity worldwide
Seems interesting at first glance and would love to hear what the more experienced investors have to say.