Finally, market participants have started to warm up to the story relentlessly told by management of emerging Communications Platform as a Service ("CPaaS") provider Pareteum Corporation (TEUM). The company's stock is up 200% year-to-date fueled by stellar growth expectations.
FY2019 revenues are expected to grow by roughly 250% and the company's self-introduced key performance metric "36-Month Contractual Revenue Backlog" was up by more than 300% in the last fiscal year to $615 million. Since the beginning of 2019, Pareteum has announced another $185+ million in backlog additions.
Table: Development of Key