TEUM - Pareteum indicates double-digit growth in preliminary 2020 figures

Pareteum (TEUM) is showing double-digit growth on the top and bottom line and issued a business update in preliminary full-year earnings results. The company has surpassed 1,100 clients and partners globally, it says, including "key enterprise customers and MVNE/MVNOs." That's up from 533 customers/partners in 2018. It deployed 50 new customers in 2020. Connections grew to 4.6M, up from 3.9M in 2019 and 1.8M in 2018. Revenue grew 12% to $69.6M in early 2020 numbers, and gross profit rose 39% to $20.7M. Shares fell 4.3% during the regular session; they're down 20% year-to-date. Press release

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Pareteum indicates double-digit growth in preliminary 2020 figures