- Rise in transaction volume, product enhancements and asset acquisition show Net Element’s ongoing growth strategy
- SeeThruEquity labels Net Element an ‘intriguing’ high-risk, high-reward growth company with stable share price target
- Since 2014, Net Element’s revenues from payment processing services have nearly tripled
A series of optimistic developments for payment tech processor Net Element, Inc. (NASDAQ: NETE) has led independent equity research firm SeeThruEquity to issue an update of its coverage on the company (http://nnw.fm/n6Y5q). The research firm is taking note of Net Element’s forecast for an increase in gross profits based on its acquisition of services assets from partner Universal Payment Systems (“UPS”), an approximately 40 percent increase in its trading volume and number of transactions, and its addition of a smart security function in its business-to-business vendor payment platform Netevia (www.Netevia.com).
“NETE’s announcements suggest the company continued to identify growth initiatives, as evidenced by growth in transaction volume, new product enhancements, and the UPS deal announcement,” SeeThruEquity wrote…
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