Pareteum Announces Its Second Quarter 2019 Financial Results Will Exceed Analysts' Consensus
Pareteum Announces Its Second Quarter 2019 Financial Results Will Exceed Analysts' Consensus Full Second Quarter 2019 Financial Results to be Announced on August 6, 2019 |
[01-July-2019] |
NEW YORK, July 1, 2019 /PRNewswire/ -- Pareteum Corporation (NASDAQ: TEUM), a rapidly growing cloud communications platform company, today announced that its positive preliminary financial results for the second quarter of 2019 will exceed current analysts' consensus of $26.2 million(1) for revenue and $4.1 million(1) for Adjusted EBITDA. These results represent significant ongoing revenue growth and bottom-line improvement for the Company.
"Pareteum delivered a strong second quarter, achieving robust year-over-year revenue growth and solid bottom-line performance driven by substantial customer demand and increasing connections and usage within the customer base," said Hal Turner, Founder, Chairman & Chief Executive Officer of Pareteum. "Reception to our newly launched Pareteum Experience Cloudâ„¢ has been extremely positive and we are very excited by the accelerating momentum and rates of initial customer adoption for this powerful new solution. We are providing investors and analysts with an early view of our results on a one-time basis given the compelling quarter and in advance of several planned institutional investor meetings in July. Our rapid growth reflects solid performance across all areas of the business and further bolsters our confidence and excitement regarding the tremendous growth potential for Pareteum." These results are preliminary and unaudited and are subject to change based on the completion of the company's normal quarter-end review process. As a result, these preliminary results may be different from the actual results that will be reflected in Pareteum's consolidated financial statements for the quarter ended June 30, 2019 when they are released. Pareteum will release its full second quarter 2019 financial results for the quarter ended June 30, 2019 on August 6, 2019. On that day, management will hold a conference call and webcast at 4:30 p.m. ET to review and discuss the Company's results. The webcast will be available live on the Investors section of the Company's website at https://investors.pareteum.com. 1 Source: Thomson Reuters as of July 1, 2019 CONFERENCE CALL INFORMATION: About Pareteum: Forward Looking Statements: Media Inquiries Pareteum Investor Relations Contacts: Allise Furlani Carrie Howes View original content to download multimedia:http://www.prnewswire.com/news-releases/pareteum-announces-its-second-quarter-2019-financial-results-will-exceed-analysts-consensus-300878179.html SOURCE Pareteum Corporation | ||
Company Codes: NASDAQ-NMS:TEUM |
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