Pareteum Gains Almost 5.5% After Q1 Tops Estimates

Pareteum (TEUM) said Q1 sales jumped 47% to $4.113 million from the year-ago period and topped the CapIQ mean for $3.95 million.

Net loss was $0.04 per share, better than the $0.14 loss last year and better than expectations for a nickel per share loss.

It boosted its 2018 revenue growth to at least 60% over 2017 from the previous provided guidance of 50%.

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