(NetworkNewsWire) Currently trading at 65 cents a share, Zach's Small Cap Research just pegged Net Element (NASDAQ:NETE) at $3.12, five times current market value, once it reaches profitability. The highly respected research firm noted that Net Element's U.S. business growth was up a phenomenal 40 percent in the first quarter.
Net Element, Inc.
Net Element (NASDAQ: NETE) is a global technology-driven group specializing in mobile payments and value-added transactional services. The company owns and operates a global mobile payments and transactional processing provider, TOT Group, Inc. ("TOT Group"). TOT Group companies include Unified Payments, recognized by Inc. Magazine as the #1 Fastest Growing Company in America in 2012, Aptito, a next generation cloud-based point of sale payments platform, Restoactive, a seamless digital add-ons for legacy POS systems, Digital Provider, a leading provider of SMS messaging and mobile billing solutions, and Payonline, fully-integrated, processor agnostic electronic commerce platform.
Net Element, Inc. (NASDAQ:NETE) on Pace to Record Revenues of $75 Million by 2018, per Zacks Research Report
(NetworkNewsWire) Net Element, Inc. (NASDAQ:NETE) is seen reaching revenues of $75 million in 2018 by a Zacks Research Report issued in May 2017. In the Zacks Small-Cap Research Report, it is estimated that the company's sales will reach $63 million in 2017 and $74.6 million in 2018. Net Element reported actual revenues of $54.3 million in 2016.
Net Element, Inc. (NASDAQ:NETE) Subsidiary to Handle Payments for International Mobile Network Operator
(NetworkNewsWire) Now that the internet girdles the entire globe, Net Element, Inc. (NASDAQ:NETE), with its innovative range of electronic payment solutions, has made the world its oyster. The global mobile payments and transactional processing provider is based in North Miami Beach, Florida, but its customers are halfway around the world.
(NetworkNewsWire) Net Element, Inc. (NASDAQ:NETE) is focusing on the growth potential of its Aptito processing and management system by offering it, along with its new features, in a nationwide sales campaign, which culminates in a new lucrative dealer plan to earn commissions of up to $1,200 on each placement.
(NetworkNewsWire) Net Element, Inc. (NASDAQ:NETE), operator of a payments-as-a-service transactional and value-added services platform for small and medium-sized enterprises ("SME") in the U.S. and selected emerging markets, announced recently that its PayOnline subsidiary is now offering a loyalty program to its merchants.
(NetworkNewsWire) The process of paying for goods and services is rapidly and radically changing. Virtually unheard of a decade ago, nearly $40 billion in mobile transactions occurred during 2015. Amazingly, that total is expected to explode 20 times to over $800 billion within the next couple of years.
(NetworkNewsWire) The global mobile revolution continues to accelerate. It's estimated that, currently, about 4.8 billion individuals globally use a mobile phone, with about 2.3 billion of them being smart phone users. Smartphone subscribers now represent over half of the global mobile population.
Net Element (NASDAQ:NETE) Sees North America Transactions Segment Grow Organically, Generate 81% of Total Sales in Q1 2017
(NetworkNewsWire) Net Element, Inc. (NASDAQ:NETE), for the three months ended March 31, 2017, enjoyed over 20% growth in revenues to $13,561,941, versus $11,261,059 for the same period a year earlier.
(NetworkNewsWire) The transactional process of paying for goods and services has changed radically over the last couple decades. Not that long ago, cash registers and tellers were the only point of sale system in existence. Tellers had to manually enter each product cost, total the sale, take the money, place it in the cash drawer, then hand the customer a paper receipt.
(NetworkNewsWire) Net Element, Inc. (NASDAQ:NETE) is growing its sales in the quick-expanding world of cashless transaction processing, which is exhibiting its greatest gains in retail and in the emerging Asian and Latin American markets, according to the World Payments Report 2016 (http://nnw.fm/MY0tu) by Capgemini.