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Market Data: Yahoo Finance, Bloomberg, SEC Filings

Report Link: Initial Research Report (Dated 05/25/2018)

Symbol: TEUM
Analyst: John Nobile
Taglich Rating: Speculative Buy
Price Target: $3.50
Time Horizon: 12 Months
Rating Established: May 25, 2018
Price When Established: $2.36
Most Recent Report: May 25, 2018
Price When Issued: $2.36

What's New

Pareteum Announces 2Q18 Results

On August 6, 2018, Pareteum Corporation (NYSE American: TEUM) announced results for its second quarter ended June 30, 2018.

For 2Q18, Pareteum reported revenue increased 85.3% to $6 million. The company reported net income of $1.7 million or $0.03 per share versus a net loss of $1.3 million or $(0.10) per share.

Taglich Brothers estimated 2Q18 revenue of $5 million and a net loss of $1.3 million or $(0.02) per share.

Pareteum Expects 2Q18 Revenue of at least $5.75 Million

On July 10, 2018, Pareteum Corporation (NYSE American: TEUM) announced that it expects to report revenue of at least $5.75 million, which represents approximately 78% growth for the second quarter ended June 30, 2018, as compared to a year ago. Taglich Brothers estimated 2Q18 revenue of $5 million.

Connections, which are a lead indicator of revenue, rose to approximately 2,713,600 as of June 30, 2018, representing 22.5% quarter over quarter growth in 2018. The year over year increase for 2Q18 was 225%. Accordingly, management increased its projected 2018 revenue outlook to 80% annual revenue growth.

Pareteum Secures a Total of $55 Million in New Contracts in 2Q18

On June 28, 2018, Pareteum Corporation (NYSE American: TEUM) announced that in 2Q18, it signed contracts scheduled to add over $55 million to its 36-month contractual revenue backlog. The current contractual revenue backlog represents a 74% increase over the 2017 year ending balance of $147 million, and, a 27.5% increase in the second quarter alone. Pareteum will complete the first half year of 2018 with $255 million in its 36 month contractual revenue backlog.

Pareteum in Agreement to Acquire Artilium

On June 7, 2018, Pareteum Corporation (NYSE American: TEUM) and Artilium announced they have reached an agreement for Pareteum to acquire Artilium. Artilium provides services to both telecom infrastructure customers as well as enterprise customers.

Since October 2017, Pareteum and Artilium have benefitted from a strategic alliance entered into with the intention of jointly pursuing new and developed markets, accelerating growth and increasing market penetration for both Artilium and Pareteum.

Under the terms of the acquisition, each Artilium shareholder will be entitled to receive 0.1016 Pareteum shares and 1.9 pence in cash per Artilium share upon completion of the transaction. The acquisition values each Artilium share at 19.55 pence and the entire issued and to be issued ordinary share capital of Artilium at approximately $104.7 million (or GBP 78.0 million), based on Pareteum's closing share price of $2.33 on June 6, 2018 and the exchange rate of US$1.3413: GBP1

Company Description

Pareteum Corporation, headquartered in New York, NY, is a cloud communications platform company. Cloud communications involves the integration of multiple communication methods and services that can be accessed over the Internet and are handled and hosted by a third-party (such as Pareteum) through the cloud.

Company Reports

Initial Research Report (Dated May 25, 2018)


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