NetworkNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Releases 2017 Financial Results

April 2, 2018 12:37:29

Global technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) this morning reported its financial results for the fiscal year ended December 31, 2017. Among the highlights, the company’s total transaction dollars processed for the 12-month period exceeded $2.8 billion, marking a year-over-year increase of 14 percent. Likewise, Net Element’s annual revenues increased to $60.1 million, up 11 percent from its 2016 results. “We are very pleased with our 2017 progress and the strong balance sheet position as of December 31, 2017, which we believe positions the company for future growth and opportunities,” Oleg Firer, CEO of Net Element, stated in the news release. This morning’s update also included a recap of the company’s 2017 achievements and an overview of its plans for 2018 and beyond. A conference call discussing these highlights and financial results is scheduled for April 3, 2018, at 8:30 a.m. EST. The call can be accessed live over the phone by dialing +1 (877) 303-9858, or +1 (408) 337-0139 for international callers, and referencing conference code 6266947.

To view the full press release, visit

About Net Element

Net Element, Inc. (NASDAQ: NETE) operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the U.S. and selected emerging markets. In the U.S., it aims to grow transactional revenue by innovating SME productivity services using blockchain technology solutions and Aptito, the company’s cloud based, restaurant and retail point-of-sale solution. Internationally, Net Element’s strategy is to leverage its omni-channel platform to deliver flexible offerings to emerging markets with diverse banking, regulatory and demographic conditions. Net Element was ranked as one of the fastest growing companies in North America on Deloitte’s 2017 Technology Fast 500™. In 2017, Net Element was recognized by South Florida Business Journal’s as one of 2016’s fastest growing technology companies. Further information is available at

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