Inactive Instrument

Net Element

Equities

NETE

US64111R3003

Net Element, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020

November 16, 2020 at 08:36 am EST

Net Element, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 16.734 million compared to USD 16.819 million a year ago. Operating loss was USD 1.904 million compared to USD 852,713 a year ago. Net loss was USD 2.329 million compared to USD 1.010 million a year ago. Basic loss per share from continuing operations was USD 0.52 compared to USD 0.24 a year ago. For the nine months, total revenue was USD 46.290 million compared to USD 48.354 million a year ago. Operating loss was USD 2.960 million compared to USD 4.265 million a year ago. Net loss was USD 4.021 million compared to USD 3.668 million a year ago. Basic loss per share from continuing operations was USD 0.94 compared to USD 0.91 a year ago.

Latest news about Net Element

Net Element, Inc.(NasdaqCM:NETE) dropped from NASDAQ Composite Index	21-11-04	CI
Mullen Technologies, Inc. completed the acquisition of Net Element, Inc. in a reverse merger transaction.	21-11-03	CI
Net Element, Inc. has Changed its Name to Mullen Automotive, Inc	21-08-31	CI
Net Element, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021	21-08-16	CI
Net Element : Earnings Flash (NETE) NET ELEMENT Reports Q2 Revenue $33.3M	21-08-16	MT
Net Element : Earnings Flash (NETE) NET ELEMENT Posts Q1 Loss $-0.12	21-05-17	MT
Net Element : Earnings Flash (NETE) NET ELEMENT Reports Q1 Revenue $23.8M	21-05-17	MT
Net Element, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021	21-05-17	CI
Net Element, Inc. Enters into A Promissory Note Evidencing an Unsecured Loan in the Amount of $491,492 Made to the Company Through Truist Bank	21-05-11	CI
Net Element, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020	21-03-31	CI
Net Element, Inc. Auditor Raises 'Going Concern' Doubt	21-03-30	CI
Close Update: Stocks End Higher as Vaccine Rollout, Stimulus Plan, Fuel Optimism Toward Economic Recovery in 2021	20-12-30	MT
Net Element : Soars 55% After Merger Partner Secures Order For 10,000 Electric Vehicles	20-12-30	MT
Midday Report: Wall Street Firmer Midday Wednesday Amid Optimism Over Economy	20-12-30	MT
Net Element : Earnings Flash (NETE) NET ELEMENT Reports Q3 EPS $-0.28	20-11-16	MT
Net Element, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020	20-11-16	CI
Net Element : Earnings Flash (NETE) NET ELEMENT Reports Q3 Revenue $16.7M	20-11-16	MT
Net Element, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020	20-08-13	CI
Net Element Reportedly Plans to Divest Payments Processing Business	20-08-13	CI
Net Element, Inc. and Mullen Technologies, Inc. Announces Board and Management Changes	20-08-05	CI
Net Element, Inc. Appoints Todd Raarup as Director and as Member of Audit, Compensation and Nominating and Corporate Governance Committees	20-07-24	CI
Net Element, Inc. Announces Board Changes	20-07-17	CI
Net Element, Inc. Announces Board Changes	20-07-13	CI
Mullen Technologies, Inc. entered into a binding letter of intent to acquire Net Element, Inc. in a reverse merger transaction.	20-06-14	CI
Net Element, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020	20-05-15	CI

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Company Profile

Net Element, Inc. is a holding company that conducts its operations through its subsidiaries. The Company operates as a global technology solutions group that supports electronic payments acceptance in a multi-channel environment including point-of-sale (POS), e-commerce and mobile devices. The Company operates through two segments: North American Transaction Solutions and International Transaction Solutions. North American Transaction Solutions segment provides payment acceptance solutions at the point of sale, including Merchant Acquiring, e-commerce, mobile commerce, POS and other business solutions. International Transaction Solutions segment provides online and mobile solutions from payment acceptance and processing through risk prevention and payment security via point-to-point encryption and tokenization solutions. It also provides merchants with technologies, including integrated payment technologies, POS solutions, fraud management, information solutions and analytical tools.

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