Global technology and value-added solutions group Net Element (NASDAQ: NETE) on Wednesday released its financial results for the first quarter ended March 31, 2019 and provided a business update. Net Element also hosted a conference call and webcast on May 16, 2019 to discuss first quarter 2019 financial results and business highlights, and a recorded replay of the webcast is available on the company’s website. “We are pleased with our first quarter results and ongoing progress our team has made to improve gross margins through use of scalable infrastructure and penetration of value-added technologies,” Net Element CEO Oleg Firer said in the news release. “We remain focused on reaching profitability as we continue to scale our business in the selected markets.”
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About Net Element Inc.
Net Element (NASDAQ: NETE) operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the United States and selected emerging markets. In the U.S., the company 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 and 2018 Technology Fast 500. In 2017, Net Element was recognized by South Florida Business Journal as one of 2016’s fastest-growing technology companies. Further information is available at www.NetElement.com.
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